Thailand’s Kasikornbank Selects FIS for Real-time Core Banking
*FIS has been selected by Kasikornbank for its new core banking system for
*FIS is one of the foremost providers of hosted core processing solutions
for banks globally and has successfully implemented core banking solutions
in almost every major bank in Thailand
JACKSONVILLE, Fla. & BANGKOK -- August 5, 2014
FIS™ (NYSE:FIS), the world’s largest provider of banking and payments
technology solutions, and a global leader in consulting and outsourcing
solutions, today announced it has been selected by Thailand’s Kasikornbank
Public Company Limited as the bank’s provider for real-time core banking for
deposit products . With this new agreement, FIS increases its customer base to
10 of the top 13 Thai banks.
Kasikornbank, the fourth largest bank in Thailand, needed to replace its
existing core banking system. It turned to FIS because of the successful
implementation of the FIS core banking solution in Thailand.
“FIS’ Profile^® core solution will allow Kasikornbank to support the
high-volume growth it is experiencing with a customer-centric approach across
all of the bank’s channels,” said Raja Gopalakrishnan, Group Managing Director
– Asia Pacific, FIS. “FIS’ proven solutions, coupled with its comprehensive
in-country servicing capabilities, makes it the perfect partner for Thai banks
and for leading banks throughout the region.”
“As a growing bank, already serving more than 10 million customers,
Kasikornbank is pleased to have an integrated solution like the FIS suite,
which gives us the top-quality core processing solution we needed as we
continue to grow our banking services,” said Somkid Jiranuntarat, Executive
Vice President, Kasikornbank.
FIS is a dominant force in the provision of core banking solutions in Thailand
and is experiencing tremendous growth across the entire region. “Our position
as number one in the Fintech 100 for the third year running shows how well the
FIS solution set matches the requirements of leading banks in Asia and around
the world,” commented Gopalakrishnan “Asia Pacific is a fast growing region
for FIS and we are seeing tremendous demand for our products and services from
some of the world’s most innovative and discerning banks.”
Ultrascalable and able to let banks operate in real-time, FIS has the premier
core banking solution in the market. It is a fully integrated solution that
includes customer, banking product, account and transactional requirements.
Loan and deposit products are supported by an extensive inventory of
configurable features that are shared across all banking lines of business.
With maximum production scalability and availability, FIS supports hundreds of
institutions, ranging from de novo startups to top-tier global banks, making
it the premier choice for organizations committed to a 24/365, always-on
Established in 1945, Kasikornbank has assets of more than 2,240 billion baht.
It serves over 12 million individual and commercial customers through nearly
915 domestic and overseas branches.
FIS is the world’s largest provider of banking and payments technology
solutions, and a global leader in consulting and outsourcing solutions. 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).
Kim Snider, +1.904.438.6278
FIS Global Marketing and Communications
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