FIS™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, continues to garner recognition for the quality of its technology solutions and the strength of service it provides financial institutions. For the third consecutive year, FIS has been awarded top honors at the Asian Banker Technology Implementation Awards, a prestigious annual programme that recognises achievement and best practices in the implementation of banking technology.
Best Core Banking Implementation Project for Mid-Sized Bank
ING Vysya Bank was recognized for its efforts to achieve customer centricity. FIS supported the bank’s core modernization project as ING Vysya moved onto FIS’ next generation core banking system. The results of this implementation increased speed of operation and enabled the bank to significantly reduce errors and decrease time-to-market for new banking products.
Best Outsourcing Project (New Bank)
Bharatiya Mahila Bank Ltd., India’s first women-focused public sector bank, and FIS were recognized for an exceptional outsourcing project that launched the bank’s operation in less than 55 days.
In a totally outsourced delivery model, FIS provided the bank a fully integrated banking and payments platform, encompassing core banking, channels, trade finance and the entire suite of payments services that includes switching, debit card management services and ATM management. The implementation enabled the bank to offer a comprehensive suite of products in an extremely short time frame while providing low cost-of-ownership, agility and financial flexibility for the bank.
“FIS is committed to delivering innovation that empowers financial institutions to bring value to their clients,” said Raja Gopalakrishnan, executive vice president, Global Financial Institutions, FIS. “We’re honored to be recognized in partnership with the financial institutions for such prestigious awards.”
The Asian Banker Technology Implementation Awards are hosted by The Asian Banker, the region’s leading provider of strategic business intelligence to the financial services industry. Awards are based on a three-month evaluation, overseen by prominent global bankers, IT consultants and academics.