FIS Named Most Admired Core Banking Vendor

 

JACKSONVILLE, Fla. – (Dec. 2, 2009) – FIS^™ (NYSE:FIS) today announced that it has been named the core banking vendor most admired by chief information officers of large North American banks (i.e., top 120 by assets) in a recent Aite Group research study. FIS, one of the world’s largest providers of banking and payments technology, is admired as a vendor of core banking solutions by more technology executives of large banks than any other company.

 

Sixteen core banking vendors were ranked by North American technology executives from large financial institutions. Overall, the study covered eight key technology areas including IT services and core banking, which were evaluated by the large institutions, while both small and large institutions reviewed vendors in other technology sectors, including server hardware, database software, business intelligence, business process management, storage services, and security information and event management.

 

“While admiration may seem like a “fluff” term, we believe it indicates which vendors will be more likely to win business regardless of market share,” noted Gwenn Bezard, Aite Group co-founder and research director. “We also believe that the large number of vendors mentioned in this survey indicates that vendors face savvy buyers, leaving little room for anything less than outstanding engineering, sales and marketing, and delivery."

 

“FIS is very pleased to achieve this recognition from the market. We take pride in being the largest provider of financial services worldwide, but it’s more important for us to be recognized as the best in the industry,” stated Anthony Jabbour, executive vice president, FIS Financial Solutions Group. “We view our number one position as a testament to FIS’ customer focus and unmatched ability to develop and deliver market-leading core banking solutions and IT services.”

 

About FIS
FIS delivers banking and payments technologies to more than 14,000 financial institutions and businesses in over 100 countries worldwide. FIS provides financial institution core processing, and card issuer and transaction processing services, including the NYCE^® Network. FIS maintains processing and technology relationships with 40 of the top 50 global banks, including nine of the top 10. FIS is a member of Standard and Poor's (S&P) 500^® Index and consistently holds a leading ranking in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS employs more than 30,000 on a global basis. FIS is listed on the New York Stock Exchange under the “FIS” ticker symbol. For more information about FIS see www.fisglobal.com.

This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions and other risks detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Form 10-K and other filings with the Securities and Exchange Commission.