14.09.2010 12:00:00
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ING Direct France Enters into New Outsourcing Relationship with FIS
FIS™ (NYSE:FIS), one of the world’s largest providers of banking and payments technology, today announced a new three-year outsourcing agreement to provide ING Direct France with extended outsourced application management services for the FIS Profile® core banking suite.
The service-level-based agreement includes maintenance, support and application development services, enabling ING Direct France to continue to benefit from Profile’s robust functionality and real-time availability, while realizing significant cost savings. Benefits include flexibility in resourcing and building upon Profile’s ability to scale in support of new projects and migration of accounts.
"This new agreement strengthens an excellent relationship with FIS that we have enjoyed since 1999 and will enable us to gain further operating efficiencies in these tough economic times,” said Elgoni Malik, IT director, ING Direct France.
"ING Direct is viewed by many industry analysts as the model for retail banks for the future. FIS has an extensive relationship with the organisation across many territories and we are proud to be at the heart of their growth strategy. FIS has more than 20 years of experience in outsourcing for some of the world’s largest banking and financial institutions and this agreement with ING France underlines the continued validity of FIS’ highly flexible delivery model,” said Barry Dark, managing director, EMEA, FIS.
About ING Direct France
ING Direct is the leader in online banking; it operates in 9 countries and serves 22 million clients worldwide and 750,000 clients in France.
ING Direct France was launched in 2000 and is now the market leader in France. The bank is located in Paris and in Reims (east of France) and is offering high interest savings accounts, investment products, current accounts and very soon mortgages.
The success of the bank is based on a strong monitoring and fulfilling of consumers needs, top quality of service and four values (performance, simplicity, innovation and transparency) that constitute the pillar of the company.
About FIS
FIS, (NYSE: FIS) ranks among the largest global providers of banking and payments technologies. With a 45-year history deeply rooted in the financial services sector, FIS has expanded substantially to serve more than 14,000 organizations in the financial services, healthcare, government and retail industries in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 30,000 people worldwide and holds leadership positions in payment processing, core banking solutions and risk-management services in multiple markets and geographies. FIS is a member of Standard & Poor’s 500® Index and consistently holds a leading ranking in the annual FinTech 100 list. 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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