FIS Wins Three XCelent Awards for Advanced Technology in Core Banking
13 Julho 2023 - 9:00AM
Business Wire
Key facts
- Leading research and advisory firm Celent has recognized FIS
for the Modern Banking Platform, IBS and Systematics core banking
systems, with awards in the “Advanced Technology,” “Customer Base”
and “Breadth of Functionality” categories.
- The awards recognize the cloud-native, componentized
architecture of FIS Modern Banking Platform and IBS, a
digital-ready hosted universal core system.
- These awards follow FIS core platform recognition in Celent’s
recently published Technical Capability Matrix in the Technology
Standout, Functionality Standout and Noteworthy Solutions
categories.
FIS® (NYSE: FIS), a global leader in financial services
technology, has announced it has been selected by the research and
advisory firm Celent for three XCelent Awards in the “Advanced
Technology,” “Customer Base” and “Breadth of Functionality”
categories. Celent created the XCelent awards to help financial
institutions better understand the vendor landscape and compare
solution providers.
Celent recognized FIS Modern Banking Platform, the company’s
cloud-native core banking platform for its advanced technology in
the financial services industry. In determining the winner of the
XCelent award for advanced technology, Celent looks at platform and
modernity, user interface, data and adaptability/extensibility,
integration, scalability and cloud, as well as ease of change.
The FIS hosted universal core system for community and regional
banks, IBS, received the award
recognizing its broad customer base size and momentum for new
customers in the market, showing significant demand for FIS core
banking technology. In determining the winner of the XCelent award
for Customer Base, Celent looks at post-implementation experiences,
number of live customers using the system, geographic footprint and
business sectors of the client base, new client momentum and the
size of professional services and support team.
Additionally, Celent recognized FIS Systematics, a Large
Financial Institution core banking solution from FIS, with the
XCelent award for Breadth of Functionality. FIS Systematics global
core banking suite encompasses robust, best of breed functionality
and is used by many of the largest financial institutions around
the world. In determining the winner of the XCelent award for
Breadth of Functionality, Celent looks at functions, features, and
analytics provided in the base offering, in production lines of
business as well as number of deployments for each, and the user
experience of the solution.
“FIS was a worthy overall award winner for the Customer Base and
Support category, obtaining strong client feedback for
implementation and post-implementation support across multiple
cores,” said Daniel Mayo, Senior Analyst, Celent. “The FIS core
system, Modern Banking Platform, has matured with client
deployments to now offer a compelling combination of cloud-native,
next-generation technology and proven capabilities to win the
Advanced Technology 2023 award. IBS was deemed a Noteworthy
Solution, particularly for mid-tier US banks looking for a broad,
managed platform to support digital financial services.”
In the same report, FIS was recognized in Celent’s Technical
Capability Matrix for “Technology Standout” (FIS Modern Banking
Platform), “Functionality Standout” (FIS Profile and FIS
Systematics) as well as “Noteworthy Solutions” (FIS IBS).
“Our banking cores are purpose built to fit a financial
institution’s size, location and business model, and these awards
speak to the success of our technology strategy,” said John
Durrant, Banking Solutions President at FIS. “FIS Modern Banking
Platform and IBS cores are great examples of open platform
capabilities built on componentized architecture. They support API
integrations to improve experiences and agile updates that provide
consistent opportunities for growth, and this is clearly resonating
with our clients as they seek to modernize their banking
technology.”
About FIS FIS is a leading provider of technology
solutions for financial institutions and businesses of all sizes
and across any industry globally. We enable the movement of
commerce by unlocking the financial technology that powers the
world’s economy. Our employees are dedicated to advancing the way
the world pays, banks and invests through our trusted innovation,
system performance and flexible architecture. 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 is a member of the
Fortune 500® and the 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/20230713500502/en/
Kim Snider, 904.438.6278 Senior Vice President FIS Global
Marketing and Communications kim.snider@fisglobal.com
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