FIS (NYSE:FIS), the world's largest provider of banking and payments technology, today announced that People's United Bank has selected FIS' Mobile Financial Services platform.
People's United Bank will deploy the solution in support of a new mobile banking channel it plans to add to its current delivery channels for retail customers.
Headquartered in Bridgeport, Conn., People's United Bank is a subsidiary of People's United Financial, Inc., a diversified financial services company with $27 billion in assets. People's United Bank, founded in 1842, is the largest independent bank headquartered in New England and provides commercial and retail banking, as well as wealth management services through a network of approximately 375 branches in Connecticut, Massachusetts, Vermont, New York, New Hampshire and Maine. Through its subsidiaries, People's United Financial provides equipment financing, brokerage and insurance services.
FIS Mobile Financial Services provides financial institutions industry-leading functionality with exceptional integration capabilities. As a consumer-focused solution, FIS' mobile solution allows bank customers and credit union members to perform transactions quickly and easily from their mobile devices via text, mobile Web and downloadable applications for smartphones. In offering the highly desirable mobile services, financial institutions can establish and maintain market relevance, attract and retain customers and improve relationships with existing customers.
"FIS' Mobile Financial Services is a robust platform that enables us to provide a complete mobile banking offering to our customers, while integrating seamlessly with our existing solutions," said Dave Marsh, chief information officer, People's United. "This results in an improved experience for our customers."
"Banking customers are migrating to smartphones, tablets and a number of other mobile devices as their preferred way to manage their money," said Anthony Jabbour, executive vice president, FIS Financial Solutions Group. "The FIS-hosted service model will provide People's United Bank with a compelling mobile banking customer experience without the challenges of managing the rapid technology changes."