Beneficial Bank Reduces Costs and Delivers Powerful Servicing Tools through New Partnership with FIS

  Beneficial Bank Reduces Costs and Delivers Powerful Servicing Tools through
  New Partnership with FIS

Key Facts

  *Multiyear agreement supports Beneficial Bank’s strategy to reduce IT
    operations costs and optimize bank infrastructure.
  *FIS will provide outsourced support for Beneficial Bank servers, network,
    desktop support and telecom.
  *Nearly 350 unique organizations have looked to start or expand IT
    outsourcing initiatives with FIS so far in 2013.

Business Wire

JACKSONVILLE, Fla. -- December 5, 2013

FIS™ (NYSE: FIS), the world’s largest provider of banking and payments
technology, announced that it has signed a new multiyear IT managed services
agreement with Philadelphia-based Beneficial Bank. Under the new agreement,
FIS will provide a full spectrum of technology services for managing the
bank’s IT operations, including desktop support, inventory management and
server operations.

Reflecting a growing trend across the financial services marketplace,
Beneficial Bank wanted to focus management time on business operations and
gain efficiencies and reduce costs by outsourcing its servers, network,
desktop support and telecom to FIS. This change will allow the bank to respond
more quickly to customer needs and provide dedicated, round-the-clock customer

“To spur growth, financial institutions must focus on the things that
differentiate them from their competitors,” said Anthony Jabbour, EVP, FIS
North American Financial Institutions. “That means turning to a provider who
can create operating efficiencies that give these institutions the freedom to
focus on what’s important to them.”

“We were impressed by the breadth and scalability of FIS’ outsourcing
capabilities,” said Rob Maines, EVP, director of operations, Beneficial Bank.
“We wanted a single-service provider so we had fewer vendors to work with and
could concentrate our time and efforts on building our bank and serving our
customers. This partnership offered us one point of contact to meet all of our
needs so we could focus our efforts where they belong – on our customers.”

With $4.7 billion in assets, Beneficial Bank is headquartered in Philadelphia
and is the fifth-largest publicly traded mutual holding company in the U.S.

FIS is a recognized leader in IT outsourcing. Already this year, nearly 350
different companies have begun working with FIS to start or expand IT
outsourcing initiatives.

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 35,000
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


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