New project will help NBP achieve its vision of becoming a world-class institution
JACKSONVILLE, Fla. – (March 18, 2009) – Fidelity National Information Services, Inc. (NYSE: FIS), a global leader in processing and technology solutions for financial institutions, today announced that National Bank of Pakistan (NBP) has selected FIS Profile as its core processing solution.
NBP is Pakistan’s largest bank with more than 1,200 branches and a customer base of more than 10 million accounts. It is also the country’s leading lender with nearly two million customers.
Profile was chosen after a highly competitive in-depth assessment and evaluation process to select a core banking system best suited to helping NBP achieve its vision of becoming a world-class financial institution. The Profile core banking suite will initially be installed in 250 NBP domestic branches, followed by installation in the bank’s overseas locations.
FIS Profile is a strategic, real-time core banking system targeted to the global top 750 institutions that require 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. Profile’s extensive inventory of configurable components is shared across all product lines to support loan and deposit products. This unique application design improves operating efficiency while dramatically accelerating the time to market for launching new products and services. Deployed in hundreds of financial institutions throughout 18 countries, Profile is a multicurrency, multilingual core processing system that provides continuous online availability across all customer channels. Existing customers range from nonbanks with direct bank subsidiaries to top-tier global banks.
“The Profile solution will enable the bank to vastly improve its customer services, product range and information management on a par with leading global institutions,” said Syed Ali Raza, chairman and president of NBP.
“We are embarking on a new and exciting journey and with the help of FIS, we shall establish a superior IT infrastructure to provide state-of-the-art services to our customers,” added Amer Siddiqui, group chief, senior executive vice president and business transformation team head at NBP.
“The NBP contract is of tremendous importance to FIS and we are excited to be working with Pakistan’s premier bank and leading global institution,” said Mark Davey, managing director, FIS EMEA (Europe, Middle East and Africa) and Asia Pacific. “This deal highlights evidence of a growing trend by the largest domestic banks in expanding regional economies, choosing to rely on FIS technology and experts to support their growth and ambitions. We look forward to working closely with the bank’s IT and business teams to ensure efficient and timely project delivery and providing NBP and its customers with top- notch products, dedicated services and leading technology.”
About Fidelity National Information Services, Inc.
Fidelity National Information Services, Inc. (NYSE: FIS), a Fortune 500 company, 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. FIS is a member of Standard & Poor’s (S&P) 500 Index and has been ranked the number one banking technology provider in the world by American Banker and the research firm Financial Insights in the annual 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 www.fidelityinfoservices.com.
About National Bank of Pakistan
NBP is the largest bank in Pakistan with a customer base of over 10 million accounts. It has the largest borrower base and approximately two million customers and growing. NBP has earned recognition and numerous awards internationally. The bank was awarded “Bank of the Year” award for 2001, 2002, 2004 & 2005 by the world renowned Banker Magazine. It has received the highest credit rating in the banking sector. JCR-VIS awarded the highest standalone credit rating of AAA/A-1 + to NBP. NBP is the Nation’s Bank with international recognition and acclaim. To achieve its current stature, NBP has worked hard as a team, and with the support of all stakeholders, following a futuristic vision to make NBP a world-class institution.
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.
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