FIS, the world's largest provider of banking and payments technology, today announced that it continues to sign new clients for FIS' core solution platforms including United Bankshares, which will deploy FIS' Integrated Banking Services (IBS) core processing solution.
Each of FIS' recent new core agreements involves a conversion from a third-party solution.
As one of FIS' newest core banking clients, United Bankshares selected IBS, a highly flexible and open core processing solution providing robust functionality, scalability and strong integration capabilities. United Bankshares will become an approximately $9 billion bank holding company upon completion of its latest acquisition and currently has 111 full-service offices in Virginia, West Virginia, Maryland, Ohio and Washington, D.C.
FIS offers an extensive array of core account processing solutions. Financial institutions of every size and type -- credit unions, thrifts, commercial, retail and bankers' banks -- rely on FIS' robust, comprehensive solutions for the management of their daily operations and multiple delivery channels. With clients in more than 25 countries around the world relying on FIS core solutions, FIS is a recognized leader in core account processing solutions.
FIS provides core solutions to meet the unique demands and attributes of each market segment ranging from community and mid-tier institutions to large and global commercial banks. Each solution provides a specific market segment with the resources to maximize growth, increase productivity and mitigate risk.
"United Bankshares has a customer base with a wide range of needs, from individuals with personal accounts to large corporations with complex accounts and needs," said Rick Adams, president, United Bank, Inc. "We require a solution that has the flexibility to allow us to meet the needs of each of those customers. With FIS' IBS platform we will have the branch automation and the customer-centric solution we need to better serve our customers and their needs."
"We have seen the strong demand for our core account solutions continue in the first half of 2011," said Anthony Jabbour, executive vice president, FIS Financial Solutions Group. "FIS is taking a leadership role to redefine the value of core processing through a combination of technology and service, enabling financial institutions to run their businesses more efficiently and profitably. We are excited to work with United Bankshares as they are an incredibly well-run bank, and we look forward to providing them with strategic solutions to meet and exceed their business needs."