FIS Launches First Cloud-based, Real-time Core Banking Utility for Mid-tier Central and Eastern European Banks

  FIS Launches First Cloud-based, Real-time Core Banking Utility for Mid-tier
  Central and Eastern European Banks

Key Facts

  *FIS to launch its first cloud-based real-time banking utility utilizing
    award winning FIS Profile in Central and Eastern Europe.
  *Service will enable mid-tier banks to leverage real-time banking
    capabilities while controlling costs through a Software-as-a-Service
    (SaaS) model.

Business Wire

JACKSONVILLE, Fla. & WARSAW, Poland -- October 7, 2013

Providing mid-tier banks the ability to leverage real-time banking
capabilities while controlling costs, FIS™ (NYSE: FIS), the world’s largest
provider of banking and payments technology, today announced the launch of its
first cloud-based, real-time core banking utility for mid-tier banks in
Central and Eastern Europe.

“The world of banking is changing and we are seeing increasing demand for
outsourcing and SaaS offerings,” said Jonathan Davis, Managing Director of
Outsourcing, FIS. “Mid-tier banks often find it difficult to build the
investment case to upgrade their legacy systems to provide real-time
capabilities that deliver true market advantage but market demands are driving
them to find cost economies without compromising on functionality. With FIS
Profile in the cloud, mid-tier banks in the region now have a core banking
platform that can enable them to launch innovative and competitive new
products quickly and cost effectively.”

The service, hosted by Krajowa Izba Rozliczeniowa S.A. (KIR), the Polish
payment processor and central clearing house for the country’s banking sector,
will drive cost savings – without compromising functionality – by enabling
banks to run their core banking products on a hosted version of FIS Profile.
Amongst other efficiency benefits, the new service will:

  *Provide access to established product libraries, dramatically cutting the
    time required to launch new products to the market
  *Provide a holistic view of the customer’s banking relationship, enabling
    banks to create better offerings tailored to individual customers
  *Leverage a real-time banking system that is better matched to today’s
    consumer needs for seamless integration to new digital channels
  *Deliver one of the lowest total costs of ownership in the industry

Commenting on the launch, Aite Group Research Director Christine Barry said,
“There will be a demand from mid-tier banks in countries like Poland for a
true Software-as-a-Service (SaaS) model which delivers access to a leading
banking solution, such as FIS Profile, at an affordable cost.”

The service will benefit from KIR’s modern and secure cloud infrastructure and
high speed links to all the banks in Poland which currently handles over 120
million transactions every month. FIS will provide the software platform
utilizing the award winning FIS Profile core banking system and Xpress
middleware layer.

“We are delighted to be working with FIS on this industry-changing solution,”
commented Michał Szymański, KIR vice president for payments. “We are already
the Polish banking utility for payments and extending that role to delivery of
cloud-based IT services for banks is a natural step towards even greater
exploitation of economies of scale. Being at the heart of the Polish banking
system, we are dedicated to providing banks with state of art services such as

About FIS

FIS (NYSE: FIS) is the world’s largest global provider dedicated to banking
and payments technologies. With a long history deeply rooted in the financial
services sector, FIS serves more than 14,000 institutions in over 100
countries. Headquartered in Jacksonville, Fla., FIS employs more than 32,000
people worldwide and holds leadership positions in payment processing and
banking solutions, providing software, services and outsourcing of the
technology that drives financial institutions. First in financial technology,
FIS tops the annual FinTech 100 list, is 434 on the Fortune 500 and is a
member of Standard & Poor’s 500® Index. For more information about FIS, visit

About KIR

KIR is an institution crucial to the Polish banking sector. It is responsible
for clearing of transactions between banks in Poland. Annually KIR processes
nearly 1.5 billion non-cash payment transactions through the clearing systems
ELIXIR ®, EuroELIXIR and Express ELIXIR. In order to facilitate communication
between participants of payment systems and other institutions cooperating
with banks, KIR has implemented an electronic information exchange service

KIR has introduced to the Polish market the electronic signature services
SZAFIR. It also offers solutions for cashless payments – KIR is the operator
of direct and guaranteed online payments system PayByNet and an EBPP solution
(electronic bills presentation and payment) invoobill, which operates through
electronic banking channels. KIR also offers paper and electronic documents'
management (invooclip) as well as optical reading services. As a SWIFT Service
Bureau, KIR provides Polish companies with access to SWIFTNet. KIR SA has been
awarded the title of Market Leader for Bank Innovation in 2012. In 2013 as the
first institution in Poland, KIR received a certificate of compliance with the
requirements of ISO 22301:2012, awarded by the British Standards Institution.
It confirms the readiness of KIR to operate even in the most challenging and
unexpected circumstances. For more information about KIR, visit


Kim Snider, +1 904.438.6278
Vice President
FIS Global Marketing and Communications
Mary Waggoner, +1 904.438.6282
Senior Vice President
FIS Investor Relations
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