MetLife Extends Relationship With Fidelity Information Services
August 04 2005 - 5:15PM
PR Newswire (US)
JACKSONVILLE, Fla., Aug. 4 /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, announced today that
MetLife Bank, N.A. has signed a multi-year contract renewal for
Fidelity's software and services. "Fidelity's banking solutions
have helped us improve operating efficiencies and increase the
level of service we offer to customers," said Mark LaPenta, vice
president and chief technology officer for MetLife Bank. "Fidelity
has enabled us to lower delivery costs and provide a wide range of
banking options." "MetLife Bank is a valuable customer, and a
leader in the financial services industry," said Roger Leitner,
president of Fidelity Information Services' Enterprise Banking
Solutions division. "We appreciate the opportunity to continue
delivering solutions to support MetLife Bank's success." MetLife,
Inc., through its subsidiaries and affiliates, is a leading
provider of insurance and other financial services to individual
and institutional customers. The MetLife companies serve
individuals in approximately 13 million households in the U.S. and
provide benefits to 37 million employees and family members through
their plan sponsors. Outside the U.S., the MetLife companies serve
approximately 9 million customers through direct insurance
operations in Argentina, Brazil, Chile, China, Hong Kong, India,
Indonesia, Mexico, South Korea, Taiwan and Uruguay. For more
information about MetLife, please visit the company's Web site at
http://www.metlife.com/ . 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"), FNF 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 FNF to be different from
those expressed or implied above. FNF 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 FNF'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, Fidelity National
Financial, Inc., +1-904-854-8120, or ; or Michelle Kersch, Senior
Vice President, Corporate Communications, Fidelity Information
Services, Inc., +1-904-854-5043, or Web site: http://www.fnf.com/
http://www.fidelityinfoservices.com/ http://www.metlife.com/
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