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FIS Brings Cloud-Based, Real-Time Core Banking Utility to Central, Eastern European Banks


One of the biggest memes to emerge from FinovateFall 2013 last month was the impressive innovation coming from not just European banks, but from Central and Eastern European banks, in particular.

Apropos of that meme is news that FIS will be launching the first, real-time, core banking utility in the cloud for mid-tier banks in, you guessed it, Central and Eastern Europe.

Hosted by Polish payment processor Krajowa Izba Rozliczeniowa S.A. (KIR), which handles more than 120 million transactions a month, the new Software-as-Service solution called FIS Profile promises:
  • Access to established product library to speed time-to-market
  • Greater insight into customer/bank relationships, providing for customized product offerings
  • Real-time banking with seamless integration to new digital channels
  • Low cost of ownership
KIR earned the title of Market Leader for Bank Innovation in 2012. The company secured its ISO 22301:2012 compliance certificate from the British Standards Institution the following year.
Based in Jacksonville, Florida, FIS is a major global provider of banking and payment technology solutions. With more than 32,000 employees serving over 14,000 institutions in more than 100 nations, FIS presented its Mobile Wallet technology as part of the FinovateSpring show in May. See the company’s demo here.
Categories: FIS