JACKSONVILLE, Fla., April 7 /PRNewswire-FirstCall/ -- Fidelity National Information Services(R). (FIS(TM)), a Fortune 500 company and a leading provider of core processing, card issuer and transaction processing services to financial institutions around the world, today announced the successful implementation of its FIS Profile advanced core processing solution across more than 100 branches at Alior Bank in Poland.
Alior Bank went live in November 2008 and is the largest start-up bank project in the history of domestic banking in Poland. It raised PLN 1 billion in client deposits in the first three months of operation and by the end of February this year had secured more than 80,000 customers - including 7,000 business accounts. Alior Bank plans to operate in 155 locations by the end of 2009 and is continuing to expand rapidly, with the target of achieving 1 million customers within three years.
FIS Profile is a real-time core banking system that provides exceptional scalability, reliability and business continuity. 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 extensive inventory of configurable components is shared across all product lines to support loan and deposit products. This unique application design ensures operating efficiency while dramatically accelerating the time to market of new products and services.
Alior Bank was conceived by Romain Zaleski, a French billionaire of Polish descent, who recognized the potential for investment in Poland where only 50 percent of the population has a bank account. According to Alior Bank, this is much lower than in most other European countries and this sector is likely to evolve significantly.
"As an entirely new organization - started from scratch - Alior Bank has a major advantage in that it does not have any toxic assets," said Niels Lundorff, vice president of Alior Bank. "We are focused on giving clients a safe haven, backed by a deposit-to-loan ratio of more than 150 percent. We will not go into proprietary trading and will not invest in any instruments that will not support the needs of our clients."
Commenting on the decision to deploy FIS Profile, Tomasz Motyl, director of Alior's IT development department, said that as a new operation, it was able to adopt the best-available IT solutions.
"Many of our people were familiar with the Profile system, having gained this experience working at other Profile installations, so we were convinced of its suitability," said Motyl. "It is a proven, flexible and highly reliable system that will scale effortlessly in line with projected growth in the number of customers, accounts and physical branches. Another benefit is that our practical hands-on experience with Profile means that our in-house IT team is largely self-sufficient."
"Alior Bank is another significant client in Eastern Europe for FIS, underscoring recognition of Profile as an industry-leading solution helping ambitious organizations achieve their business objectives," said Mark Davey, managing director for FIS EMEA. "FIS was in discussion with the bank at a very early stage in the project and I am delighted to see such a hugely successful outcome."
About Alior Bank
Alior Bank is a universal bank providing services in all banking segments within its two business sectors: retail and corporate. The bank offers safe and profitable savings products combined with a cautious loan policy offering all its clients products and services, which until recently have only been available to a selected group of banking clients in Poland.
Alior Bank is a Polish company subject to supervision by the Polish Financial Supervision Authority. The deposits of Alior Bank's clients are guaranteed by the Bank Guarantee Fund. The bank's equity capital amounts to PLN 1.5 billion. The bank is managed by a three-person management board: President Wojciech Sobieraj and two Vice-Presidents, Niels Lundorff and Cezary Smorszczewski. Alior Bank's Supervisory Board: President Helene Zaleski, Prof. Malgorzata Iwanicz-Drozdowska, Prof. Marek Michalski, Krzysztof Rybinski, PhD, and Michal Panowicz.
About Fidelity National Information Services, Inc.
Fidelity National Information Services, Inc. a Fortune 500 company and member of the S&P 500 Index, is a leading provider of core processing for financial institutions; card issuer and transaction processing services; and outsourcing services to financial institutions and retailers. FIS has processing and technology relationships with 40 of the top 50 global banks, including nine of the top 10 and was ranked the number one banking technology provider in the world by American Banker and the research firm Financial Insights in the 2008 FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 14,000 financial institutions in more than 90 countries worldwide. For more information on Fidelity National Information Services, please visit http://www.fidelityinfoservices.com/.
Forward-Looking Statements
This press 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.
Fidelity National Information Services, Inc.
CONTACT: Marcia Danzeisen, +1-904-854-5083, Senior Vice President,
Corporate Communications, marcia.danzeisen@fnis.com, Mary Waggoner,
+1-904-854-3282, Senior Vice President, Investor Relations,
mary.waggoner@fnis.com, both of FIS
Web Site: http://www.fidelityinfoservices.com/