Thailand’s TISCO Bank Selects FIS for Core Banking
*TISCO Bank has selected FIS Profile core banking solution as its new
*A hosted solution, FIS Profile offers a comprehensive “bank in a box”
solution that meets the bank’s every need, across multiple solution areas.
*FIS is one of the foremost providers of hosted core processing solutions
for banks globally and has successfully implemented Profile at five of the
top 13 banks across Thailand.
JACKSONVILLE, Fla. -- May 19, 2014
FIS™ (NYSE: FIS), the world’s largest provider of banking and payments
technology, consulting and outsourcing solutions, today announced it has been
selected by Thailand’s TISCO Bank Public Company Limited to provide its
Profile^® core banking system. The deal underlines FIS’ dominance in the Thai
banking market, where five of the top 13 banks in the country are now using
the FIS Profile core banking platform.
TISCO Bank, a subsidiary of Thailand’s leading financial services firm, TISCO
Financial Group Public Company Limited (TISCO), is a growing bank in Thailand.
It’s continuously improving information technology, while also moving to a
real-time, customer-centric banking solution in order to shift efficiency in
business operations to provide quality service with maximum benefits to
customers. With FIS’ Profile^® core banking solution, which is already the
country’s most widely used core banking platform, TISCO Bank will increase its
flexibility and efficiency when providing services to customers.
“The world of banking is changing, with more and more banks looking for cost
economies, without compromising on functionality,” said Raja Gopalakrishnan,
Group Managing Director – APAC, FIS. “FIS allows banks to focus on their
customers, support high-volume growth and provide real-time integration with
all delivery channels. The Asia Pacific region is one of the fastest growing
for FIS. Our dominance in this dynamic region is based on our unrivalled
delivery capability and world-class product offering.”
“TISCO Bank was pleased with the comprehensive capabilities and ease of
customization that FIS’ core banking suite offers,” said Yutiga Sonthayanavin,
executive vice president, TISCO. “An integrated, hosted solution that provides
us highest-quality processing was something we required as we continued to
grow our banking services. FIS provided a track record of success that we
could depend on.”
FIS’ success in Thailand is being mirrored across the region. As banks in Asia
seek to grow their businesses, deliver innovative new products and maintain a
secure, compliant environment, they are increasingly turning towards managed
services such as this. TISCO Bank joins a broad cross-section of banks around
the world that rely on FIS as their technology partner.
TISCO was established in 1969 as the first investment bank in Thailand. It
pioneered several financial services as it grew to meet the economic needs of
the country before upgrading its status to a full service commercial bank in
2005. TISCO Bank operates banking business in Retail Banking, Private Banking,
Corporate Banking, Commercial Banking, Cash Management Services and Corporate
Investment. It has assets of $10 billion (U.S.) and serves customers across
Thailand through a total network of 137 branches.
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.
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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, 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 Communications
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