Union Savings Bank has selected FIS as its new technology partner and core banking provider.
FIS will help Union Savings Bank improve its use of data, allow it to streamline processes and expand customer offerings through increased integration, and enhance functionality.
Embracing the digital, data-centric future, Union Savings Bank, a $2.3 billion mutual bank in Connecticut, has selected FIS, a global leader in financial services technology, as its new technology partner and core banking provider.
FIS will help the bank improve its use of data, allow it to streamline processes and expand customer offerings through increased integration, and enhance functionality. In addition, better workflow technology, along with streamlined vendor management, will allow the bank to better compete in the market, while also positioning itself for growth. Included in the deal are digital and payment services, commercial banking, treasury management and more.
Union Savings Bank continuously seeks to better serve our customers, said Cynthia Merkle, president & CEO, Union Savings Bank. When looking to expand our commercial banking capabilities, and become more nimble with our use of data, we were impressed by FIS ability to meet all of our needs in one place. Its technological strength, plus its deep support, offered us a superior solution that will make meeting customer needs easier and more effective.
Technology is a great equalizer for community banks, said Anthony Jabbour, chief operating officer, Banking and Payments, FIS. FIS broad set of solutions will allow Union Savings Bank to continue to bring new products to market that are attractive to its customers, and facilitate their needs.
About Union Savings Bank
Established in 1886, and headquartered in Danbury, Conn., Union Savings Bank (unionsavings.com) is a $2.3 billion mutual bank dedicated to providing excellent service to its customers and communities with 25 branch offices located throughout western Connecticut. Union Savings Bank provides financial services to individuals, businesses, not-for-profit organizations and government entities through its commercial, residential and consumer lending, corporate services, retail banking and wealth management divisions.
FIS (fisglobal.com) is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, consulting, and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 53,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poors 500® Index.
This press release may contain statements, estimates or projections that constitute forward-looking statements pursuant to the safe harbor provisions of the U.S. federal securities laws. Generally, the words believe, expect, intend, estimate, anticipate, project, will and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from FIS historical experience and our present expectations or projections. These risks include, but are not limited to, changes in general economic, business and political conditions, developmental and conversion delays or disruptions inherent with new software products and technology, and risks of reduction in revenue from the elimination of existing and potential customers due to consolidation or new laws or regulations affecting the banking, retail and financial services industries, changes in the growth rates of the markets for our solutions, and other risks detailed in our filings with the Securities and Exchange Commission (SEC), including the Risk Factors section of our Annual Report on Form 10-K for the year ended December 31, 2014, and subsequent SEC filings. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. FIS undertakes no obligation to publicly update or revise any forward-looking statements.