FNF Fidelity National Financial Inc

Fidelity Information Services Recommends Banker's Toolbox in the Nation's Fight Against Money Laundering Activities BAM(TM) and WirePro(TM) Products Help Financial Institutions Automate the Detection and Reporting of Suspicious Activities JACKSONVILLE, Fla., May 3 /PRNewswire-FirstCall/ -- Fidelity National Financial, Inc. (NYSE:FNF), a Fortune 500 provider of products and outsourced services and solutions to financial institutions and the real estate industry, and its Fidelity Information Services ("Fidelity") division today announced a referral agreement with Banker's Toolbox, a Los Angeles, CA-based provider of anti-money laundering detection and reporting solutions. Financial institutions are facing numerous challenges as they attempt to meet the requirements of the anti-money laundering (AML) provisions of the Bank Secrecy and USA PATRIOT Acts. Compliance is dependent upon significant organizational support and adequate funding, often in an environment of limited resources and budgets. In addition, most institutions lack the necessary technology to identify and respond to AML risk, often relying on the time-consuming manual review of multiple reports from various systems, which leaves tremendous room for human error. In spite of these challenges, regulatory scrutiny by bank examiners continues to rise. To help its clients overcome these challenges, Fidelity will refer financial institutions using its core processing applications to Banker's Toolbox, the provider of a complete end-to-end system for researching, analyzing, identifying, documenting and reporting suspicious customer transactions. Its BSA and Anti-Money Laundering Management (BAM)(TM) system is an industry-leading solution that aggregates and compiles data from Fidelity's core systems; analyzes and stores that data; identifies red flags; and automatically generates and files Suspicious Activity Reports (SARs). "Compliance with the Bank Secrecy Act and anti-money laundering laws is becoming impossible without the right software," said Bob Kim, chief relationship officer. "We are committed to helping institutions reduce their risk exposure by providing efficiencies to the process of BSA compliance. The Banker's Toolbox approach is to accomplish this in a comprehensive yet transparent manner to help our customers meet a high level of regulatory scrutiny." Banker's Toolbox's suite of products also includes WirePro(TM), a solution that automates the processing of wires, performs OFAC checks, posts wires to the institution's host system and sends wire notifications to bank customers. "We chose Banker's Toolbox as our preferred provider not only because their solution is best of breed, but also because it is cost effective," said Anthony Jabbour, executive vice president of products for Fidelity's Integrated Financial Solutions division. "Community and regional institutions have just as much at stake as the large national and international banks, but they need an affordable tool to achieve compliance. Part of our responsibility as a core processing provider is to help our clients protect themselves from all kinds of risk, so we feel it's important to be in a position of recommending the BAM and WirePro solutions as a prevention against money laundering activities." About Fidelity National Financial Fidelity National Financial, Inc., number 261 on the Fortune 500, is a provider of products and outsourced services and solutions to financial institutions and the real estate industry. FNF is the nation's largest title insurance company, with nearly 32 percent national market share, and is also a provider of other specialty insurance products, including flood insurance, homeowners insurance and home warranty insurance. Through its majority-owned subsidiary Fidelity National Information Services, Inc. ("FIS"), the Company is a leading provider of technology solutions, processing services and information services to the financial services and real estate industries. FIS' software processes nearly 50 percent of all U.S. residential mortgages, it has processing and technology relationships with 45 of the top 50 U.S. banks and more than 2,800 small and mid-sized U.S. financial institutions and it has clients in more than 50 countries who rely on its processing and outsourcing products and services. FIS also provides customized business process outsourcing related to aspects of the origination and management of mortgage loans to national lenders and servicers. FIS offers information services, including property data and real estate-related services that are used by lenders, mortgage investors and real estate professionals to complete residential real estate transactions throughout the U.S. More information about the FNF family of companies can be found at http://www.fnf.com/ and http://www.fidelityinfoservices.com/ . About Banker's Toolbox Banker's Toolbox specializes in practical and affordable enterprise solutions that enable community and regional banks without large IT budgets achieve operational efficiencies, improved customer service, and enhanced internal controls through process automation. Banker's Toolbox is a leading provider of anti-money laundering (AML) solutions that assist community and regional banks to comply with the AML requirements of the Bank Secrecy and USA PATRIOT Acts. For more information regarding Banker's Toolbox products and technologies, please visit http://www.bankerstoolbox.com/ . This press release contains statements related to future events and expectations and, as such, constitutes forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be different from those expressed or implied above. The Company expressly disclaims any duty to update or revise forward- looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, the effect of governmental regulations, the economy, competition and other risks detailed from time to time in the "Management's Discussion and Analysis" section of the Company's Form 10-K and other reports and filings with the Securities and Exchange Commission. DATASOURCE: Fidelity National Financial, Inc. CONTACT: Daniel Kennedy Murphy, Senior Vice President, Finance and Investor Relations, +1-904-854-8120, or , or Dennis Holland, Fidelity Integrated Financial Solutions, +1-972-943-2685, or , both of Fidelity National Financial, Inc. Web site: http://www.fnf.com/ http://www.fidelityinfoservices.com/ http://www.bankerstoolbox.com/

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