Community and Regional Banks Embrace Digital Transformation by Selecting FIS
December 08 2021 - 8:36AM
Business Wire
Key facts
- PointBank, Bank of Southern California and three other
community banks recently selected FIS as their new banking platform
and digital provider, embracing HORIZON and Digital One as their
banking and digital platforms for the future.
- FIS is a destination for innovative banks because of its
flexible, modern solutions that scale with their growth while
enhancing speed to market of fresh capabilities and
experiences.
As community and regional banks accelerate their digital
transformation strategies, FIS® (NYSE: FIS) continues to be a
destination for innovative financial institutions looking for
providers with a full financial suite of solutions. FIS has
recently signed agreements with five new banks, including PointBank
and Bank of Southern California, who are embracing HORIZON and
Digital One as their banking and digital platforms for the
future.
Based in Denton, TX, locally-owned and independent PointBank has
been serving its community with personal and commercial banking
services for more than 130 years. Bank of Southern California, N.A.
was founded in 2001 in San Diego to focus on the needs of the local
business community in the region. The ability to constantly benefit
from rapidly advancing digital technology and modern user
experiences were primary drivers behind these banks’ selection of
FIS.
According to FIS’ most recent PACE Pulse survey, “digital
banking” is more appealing to new regional or community bank
customers than others — 26% of respondents started a new
relationship with a regional bank or community bank for digital
banking services. The Covid-19 pandemic has accelerated consumer
need for digital banking and payments, and banks with complete and
up-to-date digital banking capabilities could be better positioned
to meet these shifting trends.
FIS’ HORIZON is a flexible and modern banking platform that uses
a multi-tiered architecture, which allows for a consistent,
powerful user experience across most devices and browsers. Digital
One enables these banks to deliver a streamlined, modern digital
banking experience that customers are coming to expect from their
financial services providers. And banks using HORIZON will also be
able to utilize a wide set of FIS and third-party solutions enabled
via the growing FIS Code Connect ecosystem—all of which can be
implemented with little integration work on the bank’s behalf.
“PointBank has deep roots to our community, and that means we
have a responsibility to the people and businesses we serve to
deliver the best banking experience that we can,” said Jonathan
David, Chief Operating Officer at PointBank. “FIS helps us achieve
that mission by enabling us to offer our customers truly advanced
and intuitive banking wherever they are—in branch or online.”
“To support the future growth of the business communities we
serve throughout our banking footprint, it is important that we be
equipped with the best tools available,” said Pamela Isaacson, EVP
Chief Operations Officer at Bank of Southern California. “FIS’ core
banking system not only offers us the flexibility to tailor-make
our banking experience, but also helps us deliver new services to
our market faster than we could have before.”
“Community and regional banks are often at a disadvantage to
their larger competitors who have more resources to build out their
digital technology, but FIS gives these banks a new leg up,” said
Maria Schuld, Division Executive, Americas Banking Solutions at
FIS. “We seek to be a consummate partner to our banking clients,
helping them grow their portfolios by delivering truly modern
banking experiences in a way that is accessible, easy to integrate,
and scalable for them, no matter their size.”
About FIS
FIS is a leading provider of technology solutions for merchants,
banks and capital markets firms globally. Our employees are
dedicated to advancing the way the world pays, banks and invests by
applying our scale, deep expertise and data-driven insights. We
help our clients use technology in innovative ways to solve
business-critical challenges and deliver superior experiences for
their customers. Headquartered in Jacksonville, Florida, FIS ranks
#241 on the 2021 Fortune 500 and is a member of Standard &
Poor’s 500® Index.
To learn more, visit www.fisglobal.com. Follow FIS on Facebook,
LinkedIn and Twitter (@FISGlobal).
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version on businesswire.com: https://www.businesswire.com/news/home/20211208005640/en/
Kim Snider, +1 904.438.6278 Senior Vice President FIS Global
Marketing and Communications kim.snider@fisglobal.com
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