Thailand's Kasikornbank selects FIS core-banking tech

Source: FIS

FIS (NYSE: FIS), the world's largest provider of banking and payments technology solutions, and a global leader in consulting and outsourcing solutions, today announced it has been selected by Thailand's Kasikornbank Public Company Limited as the bank's provider for real-time core banking for deposit products .

With this new agreement, FIS increases its customer base to 10 of the top 13 Thai banks.

Kasikornbank, the fourth largest bank in Thailand, needed to replace its existing core banking system. It turned to FIS because of the successful implementation of the FIS core banking solution in Thailand.

"FIS' Profile® core solution will allow Kasikornbank to support the high-volume growth it is experiencing with a customer-centric approach across all of the bank's channels," said Raja Gopalakrishnan, Group Managing Director - Asia Pacific, FIS. "FIS' proven solutions, coupled with its comprehensive in-country servicing capabilities, makes it the perfect partner for Thai banks and for leading banks throughout the region."

"As a growing bank, already serving more than 10 million customers, Kasikornbank is pleased to have an integrated solution like the FIS suite, which gives us the top-quality core processing solution we needed as we continue to grow our banking services," said Somkid Jiranuntarat, Executive Vice President, Kasikornbank."

FIS is a dominant force in the provision of core banking solutions in Thailand and is experiencing tremendous growth across the entire region. "Our position as number one in the Fintech 100 for the third year running shows how well the FIS solution set matches the requirements of leading banks in Asia and around the world," commented Gopalakrishnan "Asia Pacific is a fast growing region for FIS and we are seeing tremendous demand for our products and services from some of the world's most innovative and discerning banks."

Ultrascalable and able to let banks operate in real-time, FIS has the premier core banking solution in the market. It is a fully integrated solution that includes customer, banking product, account and transactional requirements. Loan and deposit products are supported by an extensive inventory of configurable features that are shared across all banking lines of business. With maximum production scalability and availability, FIS supports hundreds of institutions, ranging from de novo startups to top-tier global banks, making it the premier choice for organizations committed to a 24/365, always-on solution.

Established in 1945, Kasikornbank has assets of more than 2,240 billion baht. It serves over 12 million individual and commercial customers through nearly 915 domestic and overseas branches. 

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