Fidelity National Information Services, Inc. (FIS), a worldwide leader in processing and technology solutions for financial institutions, and Bank of the Orient, a San Francisco-based financial institution, announced the signing of a multiyear contract to support the bankâs operations in China.
Under the terms of the agreement, FIS will provide Chinese language-enabled software, hardware, business continuity and onsite management services for the bankâs financial applications. FIS will install its AllProfitsâ¢ comprehensive suite of retail banking applications, which offers componentized customer support, deposits, lending and financial management systems.
âBy embarking on this promising partnership with FIS, Bank of the Orient will be able to do business in renminbi (RMB; Chinese currency) in China from its already successful Xiamen branch,â said John Ng, president of the Bank of the Orient. ââThe enhanced information technology environment of the branch will enable Bank of the Orient to service its Chinese and American clients with premium banking products and services. FISâ strong support throughout this automation process and its commitment to service in our Chinese operations have cleared the path for us to continue growing our business in the U.S. and China while increasing the value we provide to our customers on both sides of the Pacific.â
âWe are excited about supporting Bank of the Orientâs business objectives,â said John Haley, senior vice president of FISâ Asia Pacific division. âTheir decision to enter into this relationship further illustrates FISâ ability to deliver value to the Chinese market for both local and offshore clients.â