According to FIS, the bank chose FIS Profile to replace its existing loan-book technology because Profile could scale to its needs and yet be flexible enough to adapt to the requirements of the Russian banking market.
Profile’s integrated architecture contains all of a bank’s customer data and deposit and loan accounts within a single logical system of record. An inventory of configurable components is shared across all product lines to support loan and deposit products. This application design improves operating efficiency while accelerating the time to market of new products and services, said FIS.
Mark Davey, managing director for FIS EMEA, said: we have proven that Profile can adapt to Russian requirements and fit the needs of even a very large and sophisticated bank, bringing to the Russian market the vast array of functional and technical advantages that this truly global system offers. This hugely successful FIS project is particularly significant for us because it is our first Profile implementation in Russia and based on this success, we expect many other banks in the region to benefit from our solutions.
