FNF Fidelity National Financial Inc

Sumitomo Mitsui Banking Corporation Migrates Dusseldorf Operations to Fidelity Information Services' Sanchez Profile World's Third Largest Bank Completes Sixth Successful Global Migration JACKSONVILLE, Fla., June 1 /PRNewswire-FirstCall/ -- Fidelity Information Services (Fidelity), a division of 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, announced today that Sumitomo Mitsui Banking Corporation (SMBC), the world's third largest banking institution, has successfully completed the migration of its Dusseldorf, Germany, corporate banking operations to the Sanchez Profile(TM) real-time core banking solution. This implementation is SMBC's sixth regional operation migration to Profile and is part of SMBC's global migration strategy. SMBC has deployed Profile as the core transaction processing system for its corporate banking operations in New York, London, Brussels, Los Angeles, and Paris. Fidelity's Sanchez Profile(TM), an online multicurrency, multilingual, multichannel core bank processing system for deposits and loans and other financial services, provides a highly scaleable architecture and unmatched transaction processing speeds. Profile has enabled SMBC to consolidate and replace multiple legacy systems with a real-time, integrated banking environment -- lowering total operating and technology costs by reducing redundancies inherent in operating multiple systems. "We are focused on customer service and cost efficiency, and to achieve these goals, we need a consistent, integrated banking environment for all our branches around the world," said Peter McCormick, chief information officer, SMBC. "From our first Profile deployment in New York, the Profile solution has provided us needed scalability and a high degree of automation -- the platform grows with the bank. In our Dusseldorf operation in particular, Profile has significantly upgraded functionality, for example replacing manual transaction histories with online capabilities. Customers now have easier and faster access to their account data. This environment ensures that SMBC can deliver a superior customer experience." SMBC provides international financing services primarily to Japanese industrial and services companies. SMBC processes its North American and European corporate accounts utilizing the IBM line of Unix-based, pSeries eServer computers. As part of the GIS initiative, the Sanchez Profile open architecture supports real-time interfaces to third party lending and payment systems, legacy system components, and an Oracle general ledger system. Each bank office is networked to the host facility and uses Sanchez Profile for Windows(TM) as the branch front-end processor. "SMBC is a model for core processing system migration," said Ernie Smith, president of Fidelity Information Services and co-chief operating officer of Fidelity National Financial. "Together, we have created and fine-tuned the process. In addition to providing a strategic platform for growth, Profile is supporting SMBC's goal to continue to reduce operating and technology costs by delivering straight-through processing and a real-time environment." About Sumitomo Mitsui Banking Corporation Sumitomo Mitsui Banking Corporation Group offers a broad range of financial services centered on banking. The banking group is also engaged in the leasing, securities, credit card, investment, mortgage securitization, venture capital and other credit-related businesses. Sumitomo Mitsui Banking Corporation was created on April 1, 2001, from the merger of The Sumitomo Bank Limited and The Sakura Bank Limited. Based on asset size, SMBC is the world's third largest bank holding company. About Fidelity Fidelity National Financial Inc., number 262 in 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 more than $7.7 billion and earned more than $860 million in 2003, with cash flow from operations of nearly $1.3 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 $3 trillion, has processing and technology relationships with 46 of the top 50 U.S. banks, and has clients in more than 50 countries that rely on its processing and outsourcing products and services. Additionally, FNF is the largest U.S. 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/ DATASOURCE: Fidelity National Financial, Inc. CONTACT: Daniel Kennedy Murphy, SVP, Finance and Investor Relations, Fidelity National Financial, Inc., +1-904-854-8120, or ; or Valerie Taylor, Marketing, +1-501-220-5312, or , or Michelle Bowen, International, +1-501-220-2352, or , both of Fidelity Information Services, Inc. Web site: http://www.fnf.com/ http://www.fidelityinfoservices.com/

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