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| [January 29, 2013] |
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Webster Bank Reduces Costs, Gains Operational Efficiencies and Delivers Powerful Servicing Tools through Expanded Outsourcing Relationship with FIS
JACKSONVILLE, Fla. --(Business Wire)--
FIS™
(NYSE:FIS), the world's largest provider of banking and payments
technology, announced that it has signed a new multi-year IT
managed services agreement with Waterbury, Conn.-based Webster
Bank to manage key aspects of the bank's technology platform and
operations. The new agreement supports Webster Bank's strategy to reduce
operational expenses and deliver advanced tools and services to its
customers and is a proof point of the growing trend for institutions to
entrust many IT functions to partners in order to focus on other
strategic initiatives.
Under the terms of the agreement, FIS will provide the bank with a full
spectrum of technology services for managing the bank's IT operations
including desktop and data base management, voice, network and server
operations. By outsourcing these components, Webster Bank gains the
benefits of optimizing its IT infrastructure, managing operational
expenses and providing new and powerful service capabilities to its
clients.
"More than ever, financial institutions are looking to their technology
and service providers to deliver the infrastructure and operating
efficiencies that allow them to better serve their customers ad focus
on the differentiating initiatives that help them better compete and
grow their market share," said Anthony Jabbour, EVP, FIS North American
Financial Institutions. "Webster and FIS have a longstanding
relationship, and our technologies and services closely align with
Webster Bank's goals of offering best-in-class services at optimal cost
and risk."
Webster Bank determined it could leverage FIS' extensive technology
expertise to manage many of the expenses and challenges associated with
supporting IT infrastructure in-house. Moving this function to a trusted
and experienced partner will enable the bank to more quickly deliver on
the initiatives that support its intense focus on its customers. This
move also supports the bank's established goals for reducing IT and
operational expenses, adopting an infrastructure built for long-term
growth and enhancing service to customers through market-leading banking
tools and services.
"As we grow, Webster needs reliable technology partners to provide
robust infrastructure and services so we can focus on delivering on our
customer promise, and FIS is the partner we can always rely on," said
Jerry Plush, president and chief operating officer of Webster Bank. "FIS
aligned with our mission and quickly helped us understand what we needed
to best serve our customers."
With more than $20 billion in assets, Webster Bank provides business and
consumer banking, mortgages, financial planning, trust and investment
services through its 168 banking offices and mobile and online 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.

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