First Citizens Bank of Trinidad Enhances Customer Focus With Fidelity National Information Services' Technology
March 27 2006 - 5:05PM
PR Newswire (US)
JACKSONVILLE, Fla., March 27 /PRNewswire-FirstCall/ -- Fidelity
National Information Services, Inc. (NYSE:FIS) today announced that
First Citizens Bank Limited in Trinidad and Tobago has extended its
agreement for FIS Profile(TM), a core banking solution, Profile
Financial Management System (FMS), a general ledger application and
the Corporate Internet banking solution. As part of the five-year
maintenance agreement, First Citizens, a client since 1991, will
upgrade its Profile implementation to the latest release, version
6.2. This will allow the bank to take full advantage of the latest
functionality and web-based technology, enabling it to become a
more customer- focused organization. Profile is a real-time,
multicurrency deposit and loan core banking system. It delivers a
customer-centric experience by implementing a single integrated
database that includes all customer, banking, product, and account
information. Loan and deposit product features are supported by an
extensive inventory of dynamically configurable components that are
shared across all banking lines of business. Profile supports more
than 400 institutions spanning 16 countries, ranging from de-novo
start-ups to top-tier global banks. The upgrade project at First
Citizens Bank will also include a services contract to port the
operating system to IBM POWER(TM) system configured with AIX5L(TM).
"We are very happy to renew our agreement with FIS," said Larry
Howai, Chief Executive Officer for First Citizens Bank. "Profile's
broad functionality has provided our bank with a highly flexible
and scalable solution truly centered on the customer, and upgrading
our current implementation will strengthen our competitive position
and allow us to maximize our customer satisfaction levels." In
conjunction with the upgrade project, First Citizens plans to
introduce Profile's web-based technology in its branches in order
to further enhance and improve customer service. Profile Direct is
a component-based, J2EE thin client servicing solution embracing
Open Source technologies tailored to support Internet, call center
and branch operations. First Citizens Bank will open a new,
state-of-the-art branch at Movietowne in North Trinidad, utilizing
the skills of FIS consultants from Europe and the U.S. Profile
Direct will interface with the center's cash dispensing machines
and support the center's operations. Howai added, "The opening of
the new Movietowne Financial Center will mark an exciting stage in
our strategic partnership with FIS and we look forward to the
progress of this new project as our presence in Trinidad and Tobago
grows." "As one of the most progressive financial institutions in
Trinidad and Tobago, First Citizens is known for its
forward-thinking vision, technology innovation and operational
efficiency," said Prakash Jalihal, Managing Director for the Latin
America & Caribbean region, FIS. "Choosing to continue our
successful relationship and take advantage of additional components
offered in our solution suite, will support the bank's goal of
transforming itself into a truly customer-centric organization and
achieving its mission to become the most competitive financial
group in Trinidad and Tobago." About First Citizens Bank Limited In
1993, the Bank was formed as a result of a merger of the National
Commercial Bank (NCB), the Trinidad Co-operative Bank (TCB) and the
Workers' Bank (1989) Ltd. TCB was founded in 1914 as a co-operative
savings and loans institution, pioneering the provision of consumer
finance and home mortgages for Port of Spain. NCB formally
commenced business in 1970 and became the first truly locally
owned, controlled and operated commercial bank in Trinidad and
Tobago and eventually grew a branch network which covered the
entire country. The predecessor of Workers' Bank (1989) Ltd.
commenced operations in 1970, and had its roots in the trade union
and credit union movements, and played a major role in the
development of the home mortgage market. About Fidelity National
Information Services Fidelity National Information Services, Inc.
(NYSE:FIS) is a leading provider of core processing for financial
institutions; card issuer and transaction processing services;
mortgage loan processing and mortgage-related information products;
and outsourcing services to financial institutions, retailers,
mortgage lenders and real estate professionals. FIS has processing
and technology relationships with 35 of the top 50 global banks,
including nine of the top ten. Nearly 50 percent of all U.S.
residential mortgages are processed using FIS software.
Headquartered in Jacksonville, Florida, FIS maintains a strong
global presence, serving over 7,800 financial institutions in more
than 60 countries worldwide. For more information on Fidelity
National Information Services, please visit
http://www.fidelityinfoservices.com/ . FIS is a majority-owned
subsidiary of Fidelity National Financial Inc. (NYSE:FNF), number
261 on the Fortune 500 and a provider of outsourced products and
services to a variety of industries. More information about FNF can
be found at http://www.fnf.com/ . This press release contains
forward-looking statements that involve a number of risks and
uncertainties. Statements that are not historical facts, including
statements about our beliefs and expectations, are forward-looking
statements. Forward-looking statements are based on management's
beliefs, as well as assumptions made by, and information currently
available to, management. Because such statements are based on
expectations as to future economic performance and are not
statements of fact, actual results may differ materially from those
projected. We undertake no obligation to update any forward-looking
statements, whether as a result of new information, future events
or otherwise. The risks and uncertainties which forward-looking
statements are subject to include, but are not limited to: changes
in general economic, business and political conditions, including
changes in the financial markets; the risk that our recent merger
with a subsidiary of Fidelity National Financial, Inc. may fail to
achieve beneficial synergies or that it may take longer than
expected to do so; the effects of our substantial leverage, which
may limit the funds available to make acquisitions and invest in
our business; the risks of reduction in revenue from the
elimination of existing and potential customers due to
consolidation in the banking, retail and financial services
industries; failures to adapt our services to changes in technology
or in the marketplace; adverse changes in the level of real estate
activity, which would adversely affect certain of our businesses;
our potential inability to find suitable acquisition candidates or
difficulties in integrating acquisitions; significant competition
that our operating subsidiaries face; and other risks detailed in
the "Statement Regarding Forward-Looking Information," "Risk
Factors" and other sections of the Company's Form 10-K and other
filings with the Securities and Exchange Commission. DATASOURCE:
Fidelity National Information Services CONTACT: Mary Waggoner,
Senior Vice President, Finance and Investor Relations,
+1-904-854-3282, or , or Michelle Kersch, Senior Vice President,
Corporate Communications, +1-904-854-5043, or , both of Fidelity
National Information Services Web site:
http://www.fidelityinfoservices.com/ http://www.fnf.com/
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