Fidelity National targets Portuguese market with Audaxys alliance

Source: Fidelity National Information Services

Fidelity National Information Services Inc. (NYSE:FIS), today announced an agreement with Audaxys to introduce the FIS advanced range of retail banking and card processing solutions to financial services organisations in Portugal.

Headquartered in Amadora, Portugal and in operation since 1988, Audaxys specialises in developing applications for the financial sector - including leasing, long-term rental and consumer credit - and has progressively grown its leadership in the Portuguese market. FIS is the largest provider of banking software and services in Europe and helps support the operations of more than 10,000 financial institutions around the world. FIS banking systems are relied upon by the majority of the world's largest banks and offer a competitive advantage because they are highly customisable to meet the specialised needs of even the most demanding bank, whilst remaining easy to upgrade and maintain.

"FIS and Audaxys have worked together for many years in the auto finance market but this exciting initiative brings together the strengths of our two companies to bring the world's best banking technology to financial institutions across Portugal," said Mark Davey, managing director for FIS, EMEA region. "This is a solid alliance with a company we have long respected for its total commitment to providing the strongest service delivery. We value their understanding of the business, banking and social culture in Portugal and have great hopes for this growing partnership."

Under the agreement, Audaxys and FIS will work together to offer leading-edge FIS core processing applications, Profile and Corebank - systems that are relied upon to power the business of the world's largest banks. Together, these companies will also offer FIS' next-generation card processing suite of mainframe card issuing and acquiring software, BASE2000.

"At Audaxys, we believe that there is both a demand and a need for systems offered in the FIS portfolio," said Miguel Rangel, chairman and chief executive officer, Audaxys. "Many existing systems are not allowing financial institutions to fully realise their strategic potential in the increasingly competitive and complex market in Portugal and in order to fuer to fulfill innovative business growth they must have the support of powerful and advanced systems. FIS solutions can empower an enterprise to transform its operations into business functions with true agility."

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