FIS (NYSE:FIS), one of the world's largest providers of banking and payments technology, today announced that it has signed an agreement with Boiling Springs Savings Bank for FIS' Integrated Banking Services (IBS) core banking solution.
As part of this new deployment, FIS will also deliver a wide array of banking and payment solutions including eBanking, item processing, CRM, loan origination, risk, fraud and compliance, mobile banking, image and EFT card services.
Based in Rutherford, New Jersey, Boiling Springs Savings Bank recognized that a core banking replacement with standardization initiatives was necessary to increase efficiency and flexibility and would be vital to its future. Boiling Springs selected FIS' core banking IBS platform because it enables banks to quickly adapt to market conditions and integrate easily with complementary technology.
FIS' IBS is a highly flexible and integrated core banking solution that provides financial institutions with innovative technology involving minimal risk and disruption to their business operations and customers. IBS is known in the industry for its robust functionality, scalability and integration capabilities and decreases the need for core banking maintenance.
"We searched for integrated technology that would help us take our business to the next level. FIS' first-class set of offerings will enable us to make our highly rated customer service even better, provide innovative products to our clients and allow our bank personnel to more effectively cross-sell products and services," said Kenneth Emerson, first senior vice president and chief technology officer at Boiling Springs Savings Bank. "FIS has a reputation for flawless delivery on conversions and software releases and has the best corporate philosophy out of any vendor we spoke with. They believe in providing the best customer service in the industry and it shows."
"Financial institutions like Boiling Springs Savings Bank are in need of a suite of technology products that are integrated and well designed to address the issues and challenges they face in today's very competitive marketplace," said Anthony Jabbour, executive vice president, FIS Financial Soluutions Group. "FIS technology helps banks to offer more flexible service offerings, which will translate to more consistent growth for Boiling Springs."