Inaugural FIS Impact Awards Recognize Client Innovation and Operational Excellence
April 11 2017 - 12:50PM
Business Wire
Key facts
- FIS recognizes winners of the inaugural FIS Impact Awards.
- The annual awards program recognizes FIS clients in the United
States and Canada that have delivered market innovation using FIS
technology or services.
- Independently judged by Celent, awards are being presented at
FIS’ annual Connect and InfoShare conferences.
FIS™ (NYSE: FIS), a global leader in financial services
technology, today announced the winners of the inaugural FIS Impact
Awards program.
These annual awards, independently judged by leading industry
analyst research group Celent, recognize FIS clients in the United
States and Canada that are using FIS technology or services in
innovative ways to better serve their customers and drive tangible
business results.
For each of the winning entries, FIS is making a $10,000
donation in the client’s name to a charitable organization chosen
by the client through the FIS Foundation.
“Every day we hear of the innovative ways that FIS clients are
using our technology to achieve their business goals and better
serve their customers,” said Gary Norcross, president and CEO, FIS.
“We created the FIS Impact Awards to recognize this spirit of
innovation and spotlight our clients that are doing truly unique
things in their markets using FIS technologies and services.
“I would like to congratulate the winners, each of whom reflects
the work being done by our clients around the world,” Norcross
added. “Inspiring a passion to act and giving back to the community
are two of FIS’ Guiding Principles. The FIS Impact Awards are a
great example of how we are bringing these principles to life every
day with our clients.”
“We were impressed by the tremendous amount of ingenuity that
banks, asset managers and corporations showed in applying FIS
technology to solve pressing business problems,” said Dan Latimore,
senior vice president, Banking, Celent. “These firms took the
initiative to embark on innovative programs that improved customer
experiences and produced meaningful business results.”
Reflecting the full spectrum of organizations served by FIS,
entries for the FIS Impact Awards were considered in the following
categories: Banking & Wealth, Payments, Corporate, Buy Side,
Sell Side, and Operational Excellence. Entries were judged by
Celent on the criteria of applied innovation, tangible return on
investment, and enhanced customer service.
The following clients are being recognized with awards at the
annual FIS Connect Conference, being held this week:
- Banking & Wealth Management:
Core Transformation: Bank LeumiBank Leumi USA, the American arm
of Israel’s largest bank, was recognized for its ambitious, highly
successful core banking transformation initiative. The project
replaced or upgraded more than 30 mission-critical applications
into a state-of-the-art core banking and mobile banking system that
went live in 2016. The initiative has lowered the bank’s total cost
of ownership by more than $3 million annually, while improving
client onboarding, loan origination and customer service.
- Banking & Wealth Management:
Online/Digital: Banco Popular North AmericaBanco Popular North
America was recognized for the successful launch of its new
online-only bank, Popular Direct. Two months after launch, Popular
Direct was raising more than $10 million in deposits per week
despite being a new brand. To date, Popular Direct has opened close
to 5,000 accounts with more than $500 million in deposits.
- Payments: GreenphireGreenphire,
a global clinical trial payment solution provider, was recognized
for its innovative use of prepaid debit cards as a mechanism for
reimbursing clinical trial participants. The Greenphire ClinCard
Solution has executed millions of payments to study participants,
and automated a previously cumbersome and manual reimbursement
process for clinical research staff.
- Corporate: Dana IncorporatedDana
Incorporated, a world supplier of drivetrain, sealing and
thermal-management technologies, was recognized for its successful
implementation of FIS’ corporate liquidity credit and collections
solution in its Accounts Receivable Department. The solution has
allowed the department to reduce past due collections by 80
percent, AR reserves by 45 percent and customer adjustments by 65
percent, while enabling cash application within 48 hours with a 75
percent auto-match hit rate.
- Buy Side: Cargill Risk
ManagementCargill Risk Management, the derivative trading business
of the largest privately held company in the United States, was
recognized for its innovative use of FIS’ electronic trading
solutions to implement a modern front-to-back platform for
Cargill’s derivatives trading business. The initiative has reduced
total cost of ownership while allowing Cargill to better meet
industry standards and support business needs.
- Operational Excellence: Credit
Suisse Holdings USACredit Suisse Holdings (USA), the U.S. entity of
the Swiss-based global financial institution, was recognized
for its transformational migration of hundreds of operational and
technology processes from in-house to an FIS-hosted utility model.
The effort – which was executed seamlessly to its stakeholders –
has enhanced its service to its buy-side clients while reducing
total cost of ownership.
The following community bank clients will be recognized with
awards at the annual FIS InfoShare Conference on May 22-25:
- Banking & Wealth Management:
First National Bank of GranburyFirst National Bank of Granbury is
being recognized for its innovative use of digital and mobile
technology to provide banking enhanced solutions and services to
the elderly within the retirement community of Granbury,
Texas.
- Operational Excellence: First
Citizens National Bank Using a range of FIS fraud and risk
solutions and services, Tennessee-based First Citizens National
Bank established an enterprise risk and fraud detection system to
support its centralized Fraud and Compliance Management Division,
dedicated to detecting and combating fraud – rare for a bank of its
size.
About FIS
FIS is a global leader in financial services technology, with a
focus on retail and institutional banking, payments, asset and
wealth management, risk and compliance, consulting, and outsourcing
solutions. Through the depth and breadth of our solutions
portfolio, global capabilities and domain expertise, FIS serves
more than 20,000 clients in over 130 countries. Headquartered in
Jacksonville, Fla., FIS employs more than 55,000 people worldwide
and holds leadership positions in payment processing, financial
software and banking solutions. Providing software, services and
outsourcing of the technology that empowers the financial world,
FIS is a Fortune 500 company and is a member of Standard &
Poor’s 500® Index. For more information about FIS, visit
www.fisglobal.com.
Follow FIS on Facebook (facebook.com/FIStoday) and Twitter
(@FISGlobal).
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version on businesswire.com: http://www.businesswire.com/news/home/20170411006038/en/
Kim Snider, 904.438.6278Senior Vice PresidentFIS Global
Marketing and Communicationskim.snider@fisglobal.com
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