FIS™
(NYSE:FIS), the world’s largest provider of banking and payments
technology, today announced that Bremer Financial will deploy FIS’ core
banking solution to support the growth of its commercial services.
Bremer Financial will also deploy FIS’ item processing, treasury and
cash management, image technology, ACH, branch automation and analytics
solutions. Bremer selected FIS for its ability to deliver a true
end-to-end core relationship solution that solves the complex challenges
facing the growing bank and supports its customer-centric focus.
The comprehensive functionality of FIS’ core processing solution will
enable Bremer Financial to reduce the number of third-party systems
used, resulting in significant improvements in operational efficiencies.
In addition, Bremer Financial will experience reduced integration costs
derived from the tight integration between FIS’ core processing platform
and all components of the total end-to-end solution. This tight
integration is key to support a more customer-centric and less
product-centric model.
According to industry expert Aite Group, one of the reasons financial
institutions are driven to replace their core platforms is to take
advantage of new market opportunities. System flexibility, breadth of
vendor portfolio, core functionality and ease of integration are key
decision points for selecting a new core system.
“FIS’ core processing platform is a great fit for Bremer Financial, as
its core processing and integrated solutions will help our bank continue
to grow our commercial customer base,” said Greg Meidt, senior vice
president, Bremer Financial. “The solution’s service reputation,
functionality and integration capabilities will enable us to meet the
demands of our customers today and ensure we have the tools to continue
competing tomorrow.”
Headquartered in St. Paul, Minn., Bremer Financial is an $8.1 billion
holding company for Bremer Bank, which offers retail banking,
residential mortgage, commercial and agricultural lending, private
banking, wealth management, financial planning, insurance, investment
and trust services. The bank operates nearly 100 branches in Minnesota,
North Dakota and Wisconsin.
FIS delivers comprehensive core solutions that are designed to meet the
strategic needs of banks of all sizes. Personalized service, competitive
choices and maximum convenience are the standards that set FIS’
solutions apart and provide clients with the means to meet, and often
exceed, their strategic business goals. Financial institutions of every
size are turning to FIS for solutions that adapt to their clients’
changing needs while still driving revenue and mitigating risk.
“Serving our clients and their ever-changing needs are on the forefront
of FIS’ strategic initiatives,” said Anthony
Jabbour, executive vice president, FIS Financial Solutions Group.
“The advancements in FIS’ solutions provide our clients with exceptional
resources to meet their strategic and competitive differentiation goals.
With the ability to streamline its operations and arm its front-office
staff with better tools to effectively service customers and cross-sell
services, Bremer Financial can ensure it is well-prepared for its
planned growth through expanded commercial services.”
About
FIS
FIS (NYSE: 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 100 countries. Headquartered in Jacksonville, Fla., FIS employs
more than 32,000 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
425 on the Fortune 500 and is a member of Standard & Poor’s 500®
Index. For more information about FIS, visit www.fisglobal.com.
Forward-Looking Statements
This news release contains forward-looking statements that involve a
number of risks and uncertainties. Statements that are not historical
facts, including statements about our beliefs and expectations, are
forward-looking statements. Forward-looking statements are based on
management's beliefs, as well as assumptions made by, and information
currently available to, management. Because such statements are based on
expectations as to future economic performance and are not statements of
fact, actual results may differ materially from those projected. We
undertake no obligation to update any forward-looking statements,
whether as a result of new information, future events or otherwise. The
risks and uncertainties which forward-looking statements are subject to
include, but are not limited to: changes in general economic, business
and political conditions and other risks detailed in the “Statement
Regarding Forward-Looking Information,” “Risk Factors” and other
sections of the Company’s Form 10-K and other filings with the
Securities and Exchange Commission.
