FIS, one of the world's largest providers of banking and payments technology, today announced that Sterling Savings Bank has signed an extensive agreement for FIS' Integrated Banking Services (IBS) solution that includes a suite of additional technology products. This recent signing marks eight new agreements for FIS' IBS core banking system, which includes banks with assets ranging from nearly $2 to $24 billion.
FIS' IBS is a highly flexible outsourced core banking solution featuring open architecture and advanced technology that involves minimal risk and disruption to business operations and customers. IBS is known in the industry for its robust functionality, scalability and integration capabilities, while supporting banks' efforts to decrease core banking maintenance.
Sterling Savings Bank, based in Spokane, Wash., with $10 billion in assets, already used ePayment and image products from FIS before deciding to extend the relationship to include IBS and a host of other solutions. As part of the IBS deployment, FIS will also deliver ACH, CRM, eBanking and risk, fraud and compliance products.
"We selected FIS' IBS core platform because it is a comprehensive solution that, combined with additional FIS products, provides automation, intuitive workflows, relationship banking, simplified and faster on-boarding and support for our sales driven culture," said Cindy Parker, senior vice president, IT executive at Sterling Savings Bank. "After conducting a detailed core evaluation process, we determined that FIS was the right strategic technology partner to support the bank's corporate growth goals and help to increase profitability."
"We are confident that our IBS core and complementary solutions provide innovative technology that a growth-focused organization like Sterling needs to optimize its progress and performance," said Anthony Jabbour, executive vice president, FIS Financial Solutions Group. "The outsourced IBS platform and fully integrated solutions will enable Sterling Savings Bank to competitively serve their growing customer base and the evolving market demands, while driving greater operational efficiency for the institution."