FIS Speeds Access to Advanced Technology for Community Banks with New ClearEdge Solution
August 18 2020 - 8:00AM
Business Wire
Key facts
- New offering provides qualifying community banks with
pre-integrated bundle of technologies for operating a highly
efficient, modern bank—all via an affordable, subscription-based
model.
- ClearEdge leverages FIS’ simplified pricing and contracting
model to dramatically simplify and streamline contracting
process.
As U.S. community banks position themselves for success in a
post-pandemic marketplace, financial technology leader FIS® (NYSE:
FIS) today announced a new subscription-based core banking solution
that speeds and simplifies access to the advanced technology these
banks need to compete and better serve the changing needs of their
customers.
Called ClearEdge, the new solution offers community banks a
pre-integrated, comprehensive bundle of technologies for operating
a highly efficient, modern bank and providing a superior customer
experience—all available via an affordable, flat-fee,
month-to-month subscription model.
Qualifying banks can choose from pre-defined, pre-priced bundled
solutions comprising a range of core processing, payments
processing, digital functionality, image and item processing,
decision intelligence and regulatory compliance technologies.
“As a company with its roots in serving community banks, FIS
understands the unique challenges these organizations are facing in
positioning themselves for success amidst the current pandemic,”
said Rob Lee, head of Global Core and Channels, Americas, at FIS.
“We are committed to making it as easy as possible for our
qualifying community bank clients to access the advanced technology
they need to offer modern, differentiated products and services to
their customers.
“ClearEdge takes that commitment to the next level with a
powerful offering that we believe will be a game-changer for many
community banks,” Lee added.
ClearEdge leverages FIS’ recently announced simplified pricing
and contracting model to streamline the contracting process for
community banks with limited resources. ClearEdge core banking
contracts provide optimal flexibility with no required term
lengths, liquidated damages and exclusivity requirements as well as
clearly defined fees around deconversion services.
Many of the solutions included in ClearEdge bundles are covered
by FIS’ groundbreaking service level agreement (SLA) which protects
clients in the event of certain service outages.
About FIS
FIS is a leading provider of technology solutions for merchants,
banks and capital markets firms globally. Our more than 55,000
people are dedicated to advancing the way the world pays, banks and
invests by applying our scale, deep expertise and data-driven
insights. We help our clients use technology in innovative ways to
solve business-critical challenges and deliver superior experiences
for their customers. Headquartered in Jacksonville, Florida, FIS is
a Fortune 500® company and is a member of Standard & Poor’s
500® Index. To learn more, visit www.fisglobal.com. Follow FIS on
Facebook, LinkedIn and Twitter (@FISGlobal).
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version on businesswire.com: https://www.businesswire.com/news/home/20200818005083/en/
Kim Snider, +1 904.438.6278 Senior Vice President FIS Global
Marketing and Communications kim.snider@fisglobal.com
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