Fidelity Information Services Announces Several Key Wins, Enhancements
April 28, 2005
JACKSONVILLE, Fla., /PRNewswire-FirstCall/ -- Fidelity National Financial, Inc. (NYSE: FNF) and its Fidelity Information Services ("Fidelity") division announced a record year in 2004 and first quarter of 2005, based on contracts and system investments.
Fidelity announced several contract renewals with established clients, including BancWest, Citizens, and Comerica, as well as new business agreements. These wins contributed to Fidelity's strong revenue growth. Additionally, Fidelity made a multi-million dollar investment to enhance its core processing and client server offerings. These enhancements were made to increase functionality, meet regulatory requirements and address industry needs.
Key wins for 2004 included a long-term information technology services contract with a financial corporation, which will leverage Fidelity's enterprise-wide, integrated suite of loan processing solutions, including customer management and interaction; deposits, retail and consumer loan servicing; mortgage servicing; and commercial lending origination and servicing.
Hugh Harris, president of Fidelity Information Services' Financial Services Technology Solutions division, attributes the group's success to its unmatched level of products and service offerings, strong client relationships and industry expertise. "With 40 years of experience," he says, "we are able to serve as consultants, assisting our clients in increasing efficiency, reducing operating costs and mitigating risk. This allows them focus on their client-facing, revenue-producing activities."
Fidelity Information Services offers a host of solutions to the financial services sector. Specifically, the Enterprise Banking division provides information technology outsourcing services, best-of-breed real-time and batch application software, information processing management, and professional services to large and mid-sized financial organizations, serving 16 of the top 25 world banks. Its integrated solutions support a complete range of financial services, including front-office and core banking applications, online banking and integrated channel solutions, and lending and servicing solutions.
Source: Fidelity National Financial, Inc.