Thai bank implements Fidelity system

Fidelity National Financial Inc. (NYSE: FNF) has reached an agreement to provide its core processing system to the second largest commercial bank in Thailand. Krung Thai Bank has implemented the Fidelity Profile and Profile for Windows branch system.

The bank converted more than 600 branches and 14.3 million accounts onto a single Profile system. Included in the move was the conversion of 10.4 million customers in one weekend.

"The transition from multiple in-house systems to Profile was a success, and the system has been operating flawlessly," said Pongstorn Siriyothin, the bank's senior executive vice president and acting president.

Profile is an integrated multi-currency system for deposits and loans that provides continuous online availability. It supports all loan and deposit products in a single application, reducing the complexity of a bank's processing system.

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