Fidelity Information Services Introduces Application That Provides Real-Time Management of Customer Relationships
July 06 2005 - 8:30AM
PR Newswire (US)
Fidelity Information Services Introduces Application That Provides
Real-Time Management of Customer Relationships Channel Independent
System Improves Customer Service; Cross Sell JACKSONVILLE, Fla.,
July 6 /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 announce the introduction of Fidelity's customer data
integration product offering -- the Universal Customer System
(UCS). UCS is a real-time system that includes a fully integrated
view of a customer across the enterprise. Additionally, it provides
an extensive inventory of well-defined business services and
processes covering business functions such as customer acquisition,
fulfillment, case management and contact management. It is one of
the industry's first standards-compliant transactional hubs that
works with multiple core processing systems, multiple
lines-of-business and multiple customer databases. It is also the
first in a series of hub applications that Fidelity will offer its
clients to provide a central processing facility for similar
application and business functions. UCS is pre-integrated with
other existing Fidelity customer and core banking systems, and
maintains consistency between the databases in real time by
providing direct updates, as well as a data synchronization engine
between the Fidelity systems. These systems include the Fidelity
Relationship Management system, the Profile banking system (U.S.
real-time corebank system) and the Corebank banking system
(Fidelity's real-time corebank system for financial services
institutions outside the U.S.). When used in conjunction with
Xpress Enterprise Services, Fidelity's service-oriented
architecture and business process management facility, UCS enables
financial institutions to target responses to customer inquiries,
proactively manage customer accounts and increase cross-selling
opportunities by offering products tailored to the customer's
requirements across all channels. These features allow an
institution to use customer information to more effectively manage
sales and service interactions, and provide a common customer
experience. Fidelity's UCS complies with available standards-based
protocols, such as the Interactive Financial eXchange (IFX)
standard to ensure maximum interoperability across channel
applications and with third-party applications. "This
enterprise-wide customer hub is a great addition to Fidelity's
suite of solutions for financial services organizations because it
provides a cost- effective solution and tremendous business value
for clients who are looking to achieve an integrated processing
environment," said Frank Sanchez, president of leveraged product
development for Fidelity Information Services. "Fidelity believes
that streamlined operational abilities, enhanced sales and
servicing opportunities, and a consistent customer experience
across channels are key benefits to a financial institution's
integration strategy. With UCS, our clients will be able to provide
a more consistent experience to their customers through any
interaction channel, enabling them to lower new customer
acquisition costs and provide a superior level of service."
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 31 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/ . 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 of Fidelity National Financial, Inc.,
+1-904-854-8120, or ; or Michelle Kersch, Senior Vice President,
Corporate Communications of Fidelity Information Services, Inc.,
+1-904-854-5043, or Web site: http://www.fnf.com/
http://www.fidelityinfoservices.com/
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