FIS Offers Next Generation Enterprise Risk Management Solution
*FIS’ Early Risk Manager is an innovative and unique enterprise risk
management solution that enables financial institutions to proactively
identify and mitigate risk.
*ERM is a secure, cloud-based, next generation solution containing an
extensive pre-populated library of risk scenarios, KRIs, KPIs, risk
metrics and more.
*A leader in risk management, FIS provides risk and regulatory compliance
solutions to more than 5,000 U.S. institutions.
JACKSONVILLE, Fla. -- May 13, 2014
With the financial industry’s most robust set of risk and compliance
solutions, FIS™ (NYSE: FIS), the world’s largest provider of banking and
payments technology, consulting and outsourcing solutions, continues to
provide companies innovative and robust solutions to mitigate risks across
In response to increasing regulatory demands to enhance enterprise risk
management and regulatory compliance, FIS offers Early Risk Manager to
financial institutions. Early Risk Manager is a turnkey, secure, cloud-based,
next generation solution specifically tailored for financial institutions with
a risk dashboard, pre-populated library of risks, risk scenarios, controls,
risk assessment templates, metrics, key risk indicators (KRIs), key
performance indicators (KPIs), issue management tools, compliance monitoring
and testing, third party risk management and more.
“Effective risk management is the ability to identify and mitigate risks
before they become material and negatively impact earnings, capital or
reputation,” said Sai Huda, senior vice president and general manager,
Enterprise Governance, Risk & Compliance (EGRC) Solutions, FIS. “We are
delighted to add to the value proposition FIS presents to financial
institutions by helping them manage risks proactively with this turnkey
Early Risk Manager contains a robust risk dashboard for the board of
directors, senior executives, line-management, risk management and compliance;
a library of over 450 KRIs and KPIs; and more than 1,800 compliance monitoring
and testing checklists, covering all regulations and easily importing data
from core processing and other systems to transform information into
actionable risk intelligence. It also can be quickly configured to fit the
needs of any financial services company and can be securely accessed anywhere,
anytime via the cloud.
Early Risk Manager provides a more effective and efficient method to manage
risks across an enterprise, ensure regulatory compliance, and meet regulatory
demands and enhanced scrutiny. This makes it a natural fit for FIS’ large
client-base of financial institutions as well as the industry at large.
FIS provides enterprise governance, risk and compliance solutions to more than
5,000 financial institutions across the country, using best-practices-based
modeling that ensures enterprise risk management and regulatory compliance
proficiencies now and in the future. Its combination of more than 250 risk
management experts across all areas of risk and proven tools have made it a
highly-trusted resource for financial institutions as well as the regulatory
agencies, who rely on FIS’ experts and solutions for their own training needs.
FIS provides ongoing training to federal and state banking agency examiners
via its team of subject matter experts, comprised of former regulators and
other industry experts, as well as its next generation online training
solution, Regulatory University.
FIS’ comprehensive suite of software solutions – including Early Risk Manager,
Compliance Risk Indicator, Prime AML, CallReporter, Regulatory University and
more – enable institutions of all sizes to mitigate risk across the
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 110 countries.
Headquartered in Jacksonville, Fla., FIS employs more than 39,000 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 www.fisglobal.com.
Follow us on Facebook (facebook.com/FIStoday) and Twitter (@FISGlobal).
Statements in this release that are not strictly historical, including any
statements referring to beliefs, expectations, projections, or any other
statement regarding events or developments we believe or anticipate will or
may occur in the future, may be “forward-looking” statements made pursuant to
the safe harbor provisions of federal securities laws. There are a number of
important factors that could cause events to differ materially from those
suggested or indicated by such forward-looking statements. These include,
among other things, changes in general economic, business and political
conditions, developmental and conversion delays or disruptions inherent with
new software products and technology, and risks of reduction in revenue from
the elimination of existing and potential customers due to consolidation in or
new laws or regulations affecting the banking, retail and financial services
industries, changes in the growth rates of the markets for our solutions, and
other risks detailed in the “Statement Regarding Forward-Looking Information,”
“Risk Factors” and other sections of the Company’s Annual Report on Form 10-K
and other filings with the Securities and Exchange Commission. These
forward-looking statements speak only as of the date of this release, and FIS
does not assume any obligation to update any forward-looking statement.
Kim Snider, 904.438.6278
FIS Global Marketing and Corporate Communications
Nancy Murphy, 904.438.6192
Senior Vice President
FIS Investor Relations
Press spacebar to pause and continue. Press esc to stop.