FIS(TM) FIS +0.21% , the world's largest provider of banking and payments technology, today announced that Texas-based Industry Bancshares, Inc. signed a multiyear agreement to replace its four-year-old banking system with an FIS core banking platform to deliver faster customer service as well as advanced online and mobile banking capabilities.
The bank is also deploying FIS item processing and other complementary services.
The Industry, Texas holding company with five state banks made the unusual decision to switch its core banking technology after just four years because of a desire to improve business processes and realize greater efficiencies in its financial-reporting and transactional-management platform. By converting onto the FIS core platform, Industry Bancshares will also deliver direct benefits to its customers by providing real-time access to customer accounts across all bank channels including mobile, online banking and bill pay, EFT networks and the traditional branches across its five banks.
"Banking is about relationships and trust. As our customers increasingly desire more advanced banking and payment services, we rely on trusted technology partners to deliver sophisticated core processing services with speed and efficiency," said Bradley Lindemann, chief financial officer, Industry Bancshares. "FIS has quickly become a true partner, and the FIS core banking system is the processing platform we believe will meet our customers' needs."
"True banking innovation that streamlines and simplifies the customer's banking experience must be supported by a flexible, leading-edge core infrastructure," said Anthony Jabbour, executive vice president, North American Financial Institutions, FIS. "As a leader in core bank processing, FIS continues to invest in core innovations that enable its clients to realize greater operating efficiencies while delivering true banking advances to their customers. Industry Bancshares partnered with FIS for that reason."
With more than $2.2 billion in assets, the 19-year-old Industry Bancshares, Inc. owns the Industry State Bank as well as the Citizens State Bank in Buffalo, Fayetteville Bank in Fayetteville, First National Bank of Bellville and First National Bank of Shiner.