FNF Fidelity National Financial Inc

JACKSONVILLE, Fla., Aug. 25 /PRNewswire-FirstCall/ -- Fidelity Information Services (FIS), a division of Fidelity National Financial, Inc. (NYSE:FNF), announced today that its Canadian Division has signed an agreement to supply software and ASP processing services to Paradigm Quest, Inc. of Toronto, Ontario, Canada. As part of the agreement, Paradigm will implement Fidelity Profile(TM), a comprehensive strategic banking application. Profile supports a wide range of customer, product build, deposit, lending and payment functionality for the retail banking environment. Profile's flexible, open framework supports the full breadth of lending products -- including mortgages, home equity lines of credit and unsecured credit, both fixed and revolving -- from a single platform. Paradigm will utilize Profile to automate its mortgage servicing and administration and manage its entire portfolio of residential credit products. "We chose FIS because they were completely aligned with our business vision. As an aggressive new entrant in the Canadian real estate servicing market, it was imperative that we associate ourselves with a proven technology solution provider that could not only enable us to quickly create, launch and service new, innovative products and processes, but who was able to offer us commercial terms that would match our long-term growth strategy," said Kathy Gregory, chief executive officer and president of Paradigm. "We wanted an integrated scaleable solution and we weren't interested in piecing together multiple third-party technologies to meet our needs. Using Profile as the core servicing technology, FIS and its partners offer an all-encompassing, straight-through-processing solution. Coupled with our extensive real estate lending expertise, this solution will support our ultimate mission to revolutionize the archaic mortgage operations/servicing that exists today." "FIS has created a market-leading, next-generation ASP servicing solution for Canadian lenders," said Gordon Conlin, Fidelity Information Services' managing director. "We are confident Paradigm will realize a significant competitive advantage from our solution and services, including greater flexibility in their use of capital and the capacity to seamlessly accommodate their growing business. We look forward to a long, successful relationship with Paradigm." About Paradigm Quest Inc. With extensive mortgage market expertise, Paradigm Quest Inc. has a mandate of leading the mortgage market in innovation and service excellence. By working closely with industry suppliers and business partners, Paradigm's strategy is to evolve and improve the mortgage experience for lenders, originators and ultimately the end consumer, enabling Canada to become a global leader in real estate secure lending processing. Paradigm is scheduled to begin processing its first client in Q4, 2005. Information about Paradigm Quest Inc. is available at: http://www.paradigmquest.com/ Paradigm Quest Inc. 111 Richmond St. Suite 900 Toronto, Ontario M5H 2G4 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 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, 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.paradigmquest.com/

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