For 20 years, FIS has helped Ultimus Funds grow and solidify its position as a leading provider of professional fund services. Between 2014 and 2017, Ultimus saw its AUA grow from $19 billion to $55 billion while increasing its number of customers from 30 to 80 – and funds from 65 to 225.
After years of expansion and success, Maples Fund Services needed to improve its fund reporting capabilities to support a growing roster of private equity funds and investors. MaplesFS chose to collaborate with market leader FIS and implement the award-winning Investran solution because, not only was it the best in the category, but it could also support the entire fund life cycle within a single platform.
Rapid economic shifts and increasing regulatory complexities have CFOs asking treasurers to improve performance in cash management, banking, debt and funding, investments, and risk management. These challenges are only magnified for a global enterprise like Bayer AG, which develops a vast array of products in the pharmaceuticals, consumer health and crop science spaces. FIS had the people and products needed to implement and develop process changes on an expedited timetable and to create new opportunities for Bayer AG.
Modern Woodmen Bank is a direct bank in the U.S. that’s rooted in loyalty. From bill pay to direct deposit – with FIS – Modern Woodmen Bank can reward its customers for just about anything. And loyalty has its rewards for the bank, too, as Modern Woodmen saw a 148 percent increase in new accounts with its latest loyalty program implementation.
A large, global bank recognized it’s corporate actions function could present a significant financial and reputational risk. Like many complex financial services organizations, this bank’s approach to corporate actions processing included functions such as event creation and processing, middle-office corporate actions, proxy voting and class actions. With our decades of experience, FIS was the team with intellectual property and the in-house expertise the bank needed.
FIS marshalled its scale to simplify the enablement process and bring more of our clients into the mobile payments ecosystem. With one big push in 2015, FIS took the number of Apple Pay enabled institutions from five to 219 – more than all our competitors combined. In just one year, financial institutions have seen a collective increase of over 350 percent in monthly transactions.
Atom, the designed-for -digital challenger to the U.K. banking market, partnered with FIS to serve banking customers on the go. Launched in April 2016 – with no branches and no call centers – the digital-only bank is delivering directly to smart devices of U.K. millennials. FIS is empowering Atom with a cost-effective outsourced infrastructure and expertise that enables the bank to launch new services quickly and confidently.
When Silvergate Bank went looking for a better way to manage routine and complex business transactions from any device, at any time, they chose FIS after multiple word-of-mouth recommendations from current FIS clients. The outcome of the engagement was a core banking conversion executed with seamless support. Following the conversion, Silvergate Bank broke the $1 billion barrier.
FIS guided Oriental through an acquisition that doubled its size, helping to drive its business forward and reinvent itself with new operating and technology models and lending capabilities that meet the unique needs of Puerto Ricans. And Oriental – now the island’s third-largest bank –transformed the banking experience and became Puerto Rico’s most customer-centric bank.
Facing a challenging eurozone market, boutique asset manager Alpha Centauri partnered with FIS to analyze how it could turn the market setback into a competitive advantage. Thanks to FIS’ risk and technology expertise, Alpha Centauri developed new strategies to improve the performance of its factor investments. This prompted an invitation from prestigious index provider STOXX to create a series of European factor indices.
Kitsap Bank wanted to leverage online customer data to forge deeper, more profitable and lasting relationships with its existing customers. But how could the bank ensure it had the right data, ability to efficiently sift through it and put it to work to benefit the bank and its customers? FIS enabled them to fully engage their connected clients and achieve real bottom-line results.
As Centennial Bank began to experience big growth, it had to replace its manual BSA/AML compliance processes. FIS’ scalable automated compliance solution helped Centennial cut the chains of manual processes, save time and resources, and better detect and report suspicious activity.
eftpos, Australia’s largest and most used payments network, needed to implement new payment innovation but was constrained by decades-old infrastructure. FIS and eftpos together replaced the old network of 27 independent interbank connections with a single high-volume payments hub that powers over 6,000,000 transactions daily.
FIS’ corporate actions solution suite transformed ICBCFS, eliminating manual processes, reducing risk and gaining enormous efficiencies while improving service levels. Now, ICBCFS customers have the confidence of timely and thorough notification of corporate actions affecting their positions.
FIS technology has helped LBBW issue some of the world’s most complicated financial products to meet growing demands for structured products, respond swiftly to new market opportunities and adapt to regulatory change, delivering an agile platform that LBBW needs to support its current and future growth.
Wintrust, a community bank competing against bigger banks in a major metropolitan market, needed to stand out in the crowd and grow its customer base. FIS Cardless Cash is the catalyst that is helping to set them apart immediately. This mobile-based solution is helping Wintrust grow aggressively, revolutionize its user experience and target the young and mobile customer of the future – putting it ahead of its much larger competition.
Credit Suisse, a leader in the global cleared derivatives industry, selected the FIS Derivatives Utility for its post-trade futures and cleared OTC derivatives operations and technology. FIS is empowering Credit Suisse to be better positioned to continue to deliver innovative solutions and products to its clients in the most efficient manner possible, as well as enhance their ability to manage and control risk for years to come.
Launching fearlessly into a post-crisis industry, new fund administrator Centaur started up as it meant to go on – by asking FIS to support its global ambitions with robust operations. With the solutions and expertise of a top technology provider on its side, the firm gained the scale and agility it needed to seize the best business opportunities. And in just six years, its assets under management have grown from $200 million to $15 billion.
India is the world’s largest democracy with one of the fastest-growing economies. Yet, millions remain unbanked. That’s why FIS is passionate about helping to empower India’s financial world through its technology and expertise. Empowered women, financially educated communities, strengthened financial prudence and a boosted economy – that’s what FIS’ technology, scale and expertise help to create.