FIS, the world's largest provider of banking and payments technology, today announced that it has signed a new multi-year trust and wealth management account processing agreement with AmeriServ Trust and Financial Services Company, located in Pennsylvania.
Under the agreement, FIS will provide real-time account processing with FIS TrustDesk®, an outsourced solution. It also will deliver enhanced compliance, integrated portfolio management, flexible client reporting and FIS Client Point™, which will provide customers real-time, easy-to-use online access to their accounts.
The ability to improve its technology offerings, while updating and streamlining operations through an integrated platform, led AmeriServ Trust Company to make the change, which will unify multiple systems into one integrated, proven system that also compliments AmeriServ's long-time relationship as an FIS core client.
It's this core relationship that ultimately led AmeriServ to FIS - its leaders wanted a vendor who could serve as a true partner to them, understanding their business and anticipating their needs.
"AmeriServ's relationship with FIS demonstrated the value of partnership," said Anthony Jabbour, EVP, FIS North American Financial Institutions. "Working together through our core banking relationship, FIS had shown AmeriServ leaders that it could be trusted to always do right by them. That trust, coupled with a proven platform that could support the bank's growth, made this a perfect relationship for the bank."
"We at AmeriServ Trust Company aspire to be the premier trust and financial services provider of choice in the communities we serve. We believe that FIS can provide us with the level of service and sophistication that we need in order to meet that objective," said Gregor T. Young, IV, J.D., President and CEO, AmeriServ Trust & Financial Services Company.
AmeriServ Financial, the parent of AmeriServ Trust Company, is headquartered in Johnstown, Penn., and has 18 branches across the southwestern portion of the state. This deal continues a trend by financial institutions of all sizes to leverage FIS' best practices in outsourcing, developed over its more than 40-year history of serving the back-office needs of the financial industry.