FIS will also deliver a host of integrated banking and payment solutions to the bank including ATM/EFT processing, bill payment, CRM, decision support and analytics, eBanking, image, mortgage loan origination, mobile banking and web hosting technology.
FIS will deliver a common technology platform across First Federal’s entire enterprise to support standardization and increase functionality.
FIS’s Integrated Banking Services (IBS) is a flexible and open core banking solution that accommodates financial institutions interested in integrating new technology with minimal risk and disruption to their business operations and customers.
Dennis Rose, executive vice president and chief operations officer at First Federal Bank, said: “We were looking to forge a strong partnership with a stable vendor that would be an integral part of our long-term strategy, while supporting a major initiative to streamline internal processes. FIS’ IBS solution is scalable and will support any future acquisitions, as well as our plans for growth.
“We view this relationship with FIS as a key investment in our future, one that will help us achieve greater efficiencies to generate increased profits for our organization, enhance our ability to grow and maintain client relationships, and provide a much more user friendly experience for our employees.”
