Software solution supports largest start-up project in history of domestic banking in Poland
London, UK – (April 08, 2009) – Fidelity National Information Services, Inc. (FIS), a Fortune 500 company and a leading provider of core processing, card issuer and transaction processing services to financial institutions, 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 over 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 aim 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 recognised the potential for investment in Poland where only 50% of the population have 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 organisation, started from scratch, Alior Bank has a major advantage in that it does not have any toxic assets. We are focused on giving clients a safe haven, backed by a deposit to loan ratio of more than 150%. We will not go into proprietary trading and will not invest in any instruments that will not support the needs of our clients,” said Niels Lundorff, Vice-President of Alior Bank.
Commenting on the decision to deploy FIS Profile, Tomasz Motyl, Director of 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 system, gained whilst working at other Profile installations and we were convinced of its suitability. 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 of Profile means that our in-house IT team is largely self-sufficient.”
Mark Davey, managing director for FIS EMEA said “Alior Bank is another significant client in Eastern Europe for FIS, and underlines recognition of Profile as an industry-leading solution, helping ambitious organisations achieve their business objectives. 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. Małgorzata Iwanicz-Drozdowska, Prof. Marek Michalski, Krzysztof Rybiński, PhD, and Michał Panowicz.
About Fidelity National Information Services, Inc.
Fidelity National Information Services, Inc. (NYSE:FIS) 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 13,000 financial institutions in more than 90 countries worldwide.
For more information on Fidelity National Information Services, please visit www.fidelityinfoservices.com.
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