Fidelity National Information Services' Profile(R) Core Processing System Available on IBM(R) z/OS Mainframe
June 17 2009 - 8:12AM
PR Newswire (US)
Efficiency Gains Help Clients Bring New Products and Services
Faster To Market JACKSONVILLE, Fla., June 17 /PRNewswire-FirstCall/
-- Fidelity National Information Services(R) (NYSE:FIS), (FIS(TM)),
a global leader in processing and technology solutions for
financial institutions, today announced the availability of its
strategic, real-time core processing solution, FIS Profile, on the
IBM System z operating system, allowing the world's top 50 banks
and other financial institutions that rely on IBM System z for
their core processing needs to deploy Profile and leverage their
existing investments in infrastructure, operations and expertise.
Today's announcement arrives after FIS Profile has been optimized
and benchmarked in excess of 100 million accounts. Deployed in
hundreds of financial institutions throughout 25 countries, FIS
Profile helps banks dramatically reduce their operating costs. With
FIS Profile now optimized for z/OS, customers can expect to see
dramatic efficiency gains when adopting Profile as their core
banking solution. The FIS Profile core banking system provides
exceptional scalability, reliability and business continuity. Its
integrated architecture contains all of a bank's customer data and
deposit and loan accounts within a single logical system of record.
An extensive inventory of configurable components is shared across
all product lines to support loan and deposit products. This unique
application design ensures operating efficiency while dramatically
accelerating the time to market of new products and services. Often
referred as one of the world's most sophisticated business servers,
the IBM System z delivers mixed workload integration,
high-transaction processing, and data serving, delivering enriched
functions for the on-demand operating environment. Existing FIS
Profile customers range from organizations with direct bank
subsidiaries to top-tier global banks. Now, the ability to deploy
FIS Profile across a variety of platforms makes it the premier
choice for organizations committed to migrating to a real-time
platform or evolving their multichannel infrastructure. "The
addition of FIS Profile gives IBM clients another reason to
continue to run their most sophisticated transactions on System z,"
said Bob Hoey, general manager, IBM Major Markets. "Beyond offering
our customers stronger compatibility with best-of-breed providers
like FIS, IBM consistently looks for ways to help clients lower
their costs, reduce complexity and operate more efficiently." "This
solution will help continue the significant growth of System z in
developing markets," said Dan O'Connell, vice president of
Mainframe Platform for STG Growth Markets Unit at IBM. "For the
first quarter of 2009, System z business increased by 37 percent in
the growth markets due to market recognition of the IBM mainframe's
reliability, availability and, in particular, its ability to scale
and accommodate rapid growth. The addition of FIS Profile can make
System z even more compelling for our financial services
customers." "The reliability, scalability and efficiency of FIS
Profile have made it an ideal solution for large financial
institutions across the globe," said Frank Sanchez, president, FIS
strategic solutions. "Offering this application on the IBM
mainframe platform creates a compelling solution for institutions
that are consolidating platforms and operations or upgrading to a
real-time infrastructure. The combination of best-in-class
solutions and services from the industry leading vendors in the
top-tier provides a stable, enabling framework for operational and
technical transformation." About Fidelity National Information
Services Fidelity National Information Services, Inc. (NYSE:FIS), a
member of the S&P 500, is a leading provider of core processing
for financial institutions; card issuer and transaction processing
services; and outsourcing services to financial institutions and
retailers throughout the world. FIS has processing and technology
relationships with 40 of the top 50 global banks, including nine of
the top 10 and has been ranked the number one banking technology
provider in the world by American Banker and the research firm
Financial Insights in the annual FinTech 100 rankings.
Headquartered in Jacksonville, Fla., FIS maintains a strong global
presence, serving more than 14,000 financial institutions in more
than 90 countries worldwide. For more information on Fidelity
National Information Services, please visit
http://www.fidelityinfoservices.com/. Forward-Looking Statements
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. DATASOURCE: Fidelity
National Information Services, Inc. CONTACT: Marcia Danzeisen,
Senior Vice President, Corporate Communications, +1-904-854-5083, ,
or Mary Waggoner, Senior Vice President, Investor Relations,
+1-904-854-3282, , both of Fidelity National Information Services
Web Site: http://www.fidelityinfoservices.com/
Copyright