Fidelity Integrated Financial Solutions Provides Integrated Banking Services for First Community Services
December 16 2003 - 4:15PM
PR Newswire (US)
Fidelity Integrated Financial Solutions Provides Integrated Banking
Services for First Community Services JACKSONVILLE, Fla., Dec. 16
/PRNewswire-FirstCall/ -- Fidelity Integrated Financial Solutions
(Fidelity), a division of Fidelity National Financial , announced
today that First Community Services, L.P. (FCS) has selected the
HORIZON Banking System as the foundation for their information
technology platform. FCS is the service company for First National
Bank Texas and Fort Hood National Bank. These institutions have
more than $600 million in assets and over 90 bank branches between
them. In addition to the HORIZON Banking System, FCS will utilize
Fidelity's DASH offering to process their significant ATM delivery
channel; the ACquire and ALLVIEW enterprise content management
suite; Online Banking and Cash Management with Wireless
Notifications and Alerts; and Fidelity's Business Continuity
Services for disaster recovery. "Integration was fundamental to the
selection of our core processing solution," said David Epke, CEO of
FCS. "I want my technology resources focused on new services that
provide a competitive advantage, not building bridges between
disparate technologies. Reduced time to market, lower cost of
ownership, and consistent information across all delivery channels
are but a few of the benefits we expect from the HORIZON Banking
System." "Fidelity is committed to our partnership with FCS," said
President of Fidelity IFS, Gary Norcross. "FCS was looking for an
IT solution provider whose team not only understands today's
technology, but is already delivering tomorrow's in an integrated
environment. The HORIZON Banking System will provide the bank with
a competitive edge, allowing growth and improved customer service,
while helping to improve the FCS bottom line." Fidelity is a leader
in providing solutions that work together to satisfy the needs of
the financial services community. Fidelity's flagship product, the
HORIZON Banking System, is a fully integrated platform designed
specifically to fulfill the requirements of banks at any asset
size. The Fidelity offering integrates HORIZON with ancillary
products and services, from customer-initiated channels, such as
online banking, cash management, and ATM/debit card access, to
banking support services, such as profitability analysis, item
processing, and document management. Fidelity National Financial,
Inc., number 326 on the Fortune 500, is a provider of products and
outsourced services and solutions to financial institutions and the
real estate industry. The Company had total revenue of $5.7 billion
and earned more than $665 million in the first nine months of 2003,
with cash flow from operations of nearly $1 billion for that same
period. FNF is one of the world's largest providers of
information-based technology solutions and processing services to
financial institutions and the mortgage and financial services
industries through its subsidiary Fidelity Information Services,
Inc. Fidelity Information Services processes nearly 50 percent of
all U. S. residential mortgages, with balances exceeding $2.5
trillion, has processing and technology relationships with 46 of
the top 50 U. S. banks and has clients in more than 50 countries
who rely on its processing and outsourcing products and services.
Additionally, FNF is the nation's largest title insurance company
and also provides other real estate-related services such as
escrow, flood and tax certifications with life of loan monitoring,
merged credit reporting, property valuations and appraisals,
default management, relocation services, flood, homeowners and home
warranty insurance, exchange intermediary services, mortgage loan
aggregation and fulfillment, multiple listing services software,
mortgage loan origination software, collateral scoring analytics
and real property data. 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, +1-904-854-8120,
or ; or Ashley Rankin, Marketing Manager, Marketing-
Communications, Fidelity Integrated Financial Solutions,
+1-501-220-5917, or Web site: http://www.fidelityinfoservices.com/
http://www.fnf.com/
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