FIS Recognizes Ten Clients for Innovation in 2019 Impact Awards

Key facts

  • Winners are Avidia Bank, BNP Paribas, CIBC, Citizens Bank, ExodusPoint
    Capital Management, MassMutual, Origin Bank, Slavic Integrated
    Administration, Stanley Black & Decker, and The Clearing House.
  • The awards program recognizes organizations that are using FIS
    technology in innovative ways to better serve customers and drive
    tangible business results.
  • Independently judged by Celent, awards are being presented at FIS’
    annual client conferences starting this week.

JACKSONVILLE, Fla.–(BUSINESS WIRE)–FIS
(NYSE: FIS), a global leader in financial services technology, today
announced ten client winners of the 2019 FIS Impact Awards program.
Independently judged by industry analyst group Celent, the Impact Awards
recognize organizations that are using FIS technology in innovative ways
to better serve their customers and drive tangible business results.

The 2019 winners are: Avidia Bank, BNP Paribas, CIBC, Citizens Bank,
ExodusPoint Capital Management, MassMutual, Origin Bank, Slavic
Integrated Administration, Stanley Black & Decker, and The Clearing
House.

Entries were judged by Celent on the criteria of applied innovation,
tangible return on investment and enhanced customer service. For each of
the winning entries, the FIS Foundation is making a $10,000 donation in
the client’s name to charitable organizations designated by the clients.

Congratulations to the winners of our third annual FIS Impact Awards
program,” said Gary Norcross, chairman, president and CEO, FIS. “Each of
these clients has demonstrated exceptional creativity in their
application of FIS technology to drive business growth and enhance the
customer experience. We are thrilled to recognize their success, while
also giving back to the community.”

We were impressed by the quality of this year’s field of winners and
the innovation they showed in their technology projects,” said Dan
Latimore, senior vice president, Banking, Celent. “From creative use of
application programming interfaces (APIs) and agile software development
to robo-advisory services and digital user experience, these
organizations are truly on the leading edge of the application of
financial technology.”

The following winning client projects are being recognized at the FIS
2019 client conferences starting this week:

  • Avidia
    Bank
    , a Massachusetts-based bank known for providing payment
    services to its fintech partners, won for its use of FIS APIs and the
    NYCE payment network to speed settlement of payments for merchant
    processors. Avidia’s solution, called Instant Merchant Settlement, has
    helped its merchant customers enhance liquidity, while also providing
    the bank with a new source of fee income.
  • BNP
    Paribas
    won for its use of FIS Margin Advisor to offer its clients
    what-if analysis and real-time portfolio margin simulation for
    positions cleared with BNP Paribas or third-party clearing brokers.
    Using an agile development process, the bank was able to implement the
    solution in just nine months, enhancing its client experience and
    product offering.
  • CIBC
    was recognized for its use of FIS APIs and ConnectWare services
    to provide seamless banking services to its Canadian customers working
    or living in the U.S. The CIBC Bank USA Smart Account enables online
    account opening, direct deposit, real-time transfers, bill-pay, and
    surcharge-free ATM access for customers on both sides of the border.
  • Citizens
    Bank
    , one of the largest financial institutions in the U.S., was
    recognized for its highly successful 2018 launch of its
    direct-to-consumer bank Citizens Access. Powered by a modern FIS core
    banking plaform, Citizens Access provides a superior customer
    experience that enabled it to grow to $3.0 billion in deposits and
    more than 30,000 customers in its first six months of operation
    through the end of 2018.
  • ExodusPoint
    Capital Management
    , based in
    New York City, won for its use of FIS Front Arena trading and
    connectivity technology to support the launch of its hedge fund in
    2018. Up and running within four months, ExodusPoint’s FIS system
    supports a comprehensive set of asset classes across fixed income and
    equities via an open, flexible architecture.
  • MassMutual,
    a leading mutual life insurance company, won for its use of FIS
    technologies to create an enhanced, mobile-enabled portal for
    consumers with immediate and deferred annuity pensions. The new
    solution has improved the customer experience by providing access to
    verification of income forms, change of address and direct-deposit
    capability, and soon, client-specific benefit calculation capabilities
    that will reduce the time-consuming and manual process of providing
    estimated payouts and payment options.
  • Origin
    Bank
    , a regional community bank headquartered in Louisiana, was
    awarded for its work with FIS and partner MX to roll out a new
    personal financial management (PFM) product. The new solution,
    launched in just eight months, provides customers an integrated view
    of all of their financial accounts and allows them to create budgets
    and manage expenses via the web or an app.
  • Slavic
    Integrated Administration
    , a leader in retirement services, won
    for its launch of Slavic Bespoke, a robo-advisor that delivers
    customized advice to 401(k) plan participants on where and how to
    invest their funds. Integrated with the FIS Relius Administration
    platform, Bespoke is used by nearly half of all new enrollments and
    provides a recommended deferral rate and asset allocation. Eighty
    percent of the users are either Gen X or millennial cohorts.
  • Stanley
    Black & Decker
    was recognized for its work with FIS on a
    complex project to centralize more than 100 enterprise resource
    planning systems into a centralized treasury management and payment
    system. Using FIS’ Quantum and Trax solutions, the company was able to
    automate manual processes, increase visibility into cash flow, and
    enhance liquidity and reporting.
  • The
    Clearing House
    (TCH), which operates
    U.S. core payment systems including the breakthrough RTP® network, was
    recognized for its use of FIS technology to accelerate testing and
    certification for participants in the new immediate payments network.
    Using FIS technology, participating financial institutions can
    independently perform a wide range of tests fully unattended and
    complete the testing and certification in as little as two weeks.

About
FIS

FIS is a global leader in financial services technology, with a focus on
retail and institutional banking, payments, asset and wealth management,
risk and compliance, and outsourcing solutions. Through the depth and
breadth of our solutions portfolio, global capabilities and domain
expertise, FIS serves more than 15,000 clients in over 130 countries.
Headquartered in Jacksonville, Fla., FIS employs more than 47,000 people
worldwide and holds leadership positions in payment processing,
financial software and banking solutions. Providing software, services
and outsourcing of the technology that empowers the financial world, FIS
is a Fortune 500 company and is a member of Standard & Poor’s 500®
Index. For more information about FIS, visit https://www.fisglobal.com/.

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Contacts

Kim Snider, 904.438.6278
Senior Vice President
FIS Global
Marketing and Communications
kim.snider@fisglobal.com