CASELETS

MODERN BANKING PLATFORM

A NEO-CHALLENGER BANK

Challenge ● To become a disruptive mobile-first financial institution

serving the underbanked in the U.S. and Latin America.

Solution● FIS provided a comprehensive suite of banking

solutions, based on Modern Banking Platform and Code Connect. Capabilities include: account servicing, mobile app access, payments, remote deposit capture and virtual back office.

Benefits ● The new bank launched quickly and on budget.

The client was confident in the knowledge that it could meet its U.S. regulatory compliance obligations from day one.

FIS Modern Banking Platform is a next generation banking platform, designed to meet the needs of the digital age. With support for all bank types, it employs our best intellectual property that has been developed over 50 years on more than a dozen cores.

This groundbreaking platform heralds a new era of banking where technology is indistinguishable from business. Already functionally rich, it can be easily extended and expanded through FIS Code Connect, our open API platform. By exposing the core APIs, Modern Banking Platform can seamlessly integrate with FIS Digital One for assisted and unassisted channels, extended FIS components or fintechs and third parties, enabling you to differentiate and build the optimal banking platform for different products, business lines and geographies.

Driving growth and expansion

Here’s how Modern Banking Platform is already transforming global banking.

A MULTINATIONAL FINANCIAL SERVICES COMPANY

Challenge ● This major bank needed to modernize to pursue a

number of objectives in parallel: to launch a new, competitive digital bank and increase the product portfolio; to reduce costs and boost operational efficiencies; to position the bank for profitable expansion.

Solution● The bank opted for an FIS-hosted solution and

launched a digital subsidiary to boost deposits.

Benefits ● With its modern, cost-effective architecture, the bank

offers high-yield savings accounts with attractive rates, free wire transfers from savings accounts, and high-yield CDs with no minimum deposit.

Modern Banking Platform – Driving Growth and Expansion

2

A TIER-ONE US FINANCIAL INSTITUTION

Challenge ● As one of the world’s largest financial institutions,

the bank wanted to offer an exceptional customer experience, while reducing costs and consolidating on future-proof digital technologies.

Solution● The bank adopted a range of complementary FIS

solutions that included Modern Banking Platform, Code Connect, Digital One Omnichannel and DirectLink Teller.

Benefits ● Modern Banking Platform offers a consistent, integrated

customer experience across all channels. Speed to market has improved greatly and the bank can offer customized services, anchored by a market-leading model bank. The bank also benefits from the scale, resilience and cost effectiveness of cloud delivery.

A TOP 10 FINANCIAL INSTITUTION

Challenge ● The bank needed to upgrade its technology

ecosystem to align technology strategy with ambition to develop its brand and provide ease and efficiency for customers.

Solution● Following a comprehensive market evaluation and

competitive tendering process the bank chose FIS as a strategic partner. Beginning with the Modern Banking Platform the bank embarked on a core modernization program based on innovative architecture principles to facilitate national expansion of its retail business.

Benefits ● With a next generation core, the bank is reinventing its

business and migrating several legacy applications to modern technology. The bank enjoys a shorter time to market for new products and benefits from a steady stream of innovation from FIS.

A MAJOR TRAVEL BUSINESS BANK

Challenge ● As part of a major brand renewal, the bank is pivoting

to three strategic offerings to enhance its core travel business: insurance, investments and banking services.

Solution● Partnering with FIS, the bank undertook a

comprehensive modernization program to scale delivery and support rapid growth. The bank chose a number of solutions to complement Modern Banking Platform, including: Code Connect. Digital One, Payments One, Bill Pay and P2P.

Benefits ● With FIS as a strategic partner and solutions hosted

in the FIS cloud, the bank is free to focus on its clients rather than managing technology. The bank also has the comfort of knowing it can launch new products quickly while meeting its U.S. regulatory obligations.

A DIVERSIFIED GLOBAL FINANCIAL SERVICES PROVIDER

Challenge ● This major financial service provider needed to launch

a “direct to consumer” business in the U.S. to increase deposits and expand its service portfolio. It also seeks to embark on a new venture where it could sponsor financial institutions that lack a U.S. banking charter.

Solution● Following a two-year systems review, the bank entered

into a long-term partnership with FIS. The bank chose to build its new, direct bank on Modern Banking Platform because of its unique technology and unparalleled flexibility. Modern Banking Platform is complemented by a suite of FIS solutions, orchestrated by Code Connect.

Benefits ● Using Modern Banking Platform’s multi-tenant

capabilities, the bank can launch venture programs on the same platform as the direct bank, reducing processing and maintenance costs. With a fully componentized architecture, the bank can launch new products and functionality quickly and with minimal risk.

Modern Banking Platform – Driving Growth and Expansion

3

A WORLD-CLASS INVESTMENT BANK

Challenge ● Already an FIS client, this major global bank wanted

to modernize and enable checking and debit card capabilities as part of its expanding product portfolio.

Solution● In partnership with FIS, the bank committed to a

strategic modernization plan based on Modern Banking Platform. In addition, FIS will provide a range of hosted ancillaries to support the bank's ambitious growth plans.

Benefits ● The bank has a customer-centric modernization plan that

is driven by business benefits. Following a soft launch of checking and debit capabilities, the full modernization program is scheduled for completion in early 2021.

ONE OF THE MOST RESPECTED RETAIL BANKS IN THE US

Challenge ● One of the oldest financial institutions in the U.S., this bank

serves a range of personal and business customers of all sizes. It seeks to launch a new standalone direct bank to capitalize on the trust people have in its brand.

Solution● Already an FIS client, the bank chose an entirely outsourced

solution, including back-office and call center support.

Benefits ● The new bank is very successful and has experienced

sustained growth since launch. The parent group placed great trust in FIS’ ability to deliver solution certainty across all areas of banking.

Modern Banking Platform empowers you to embrace change. You will have instant access to world-class technology and modern methods that revolve around DevOps, Microservices and Continuous Delivery. This means you will have a continuous deployment pipeline of new features that increase customer engagement and build loyalty.

To learn more about how FIS’ Modern Banking Platform can help you meet the unique challenges and opportunities of today’s world, click here or contact getinfo@fisglobal.com.

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