consumer interface for financial Web transactions, to provide the Internet
Profile Direct WebClient is a Web-enabled, integrated banking and brokerage application that provides bank customers with a single access point to all of their financial information, creating a personalized banking portal for all transactions and products. This consolidated view enables customers to obtain a consistent picture of all of their financial arrangements and account information with the bank, increasing customer satisfaction and strengthening the banking relationship.
âTo support our future business, we have continued to develop innovative and niche products in the intermediary and affinity markets,â said Graeme Hartop, managing director of Scottish Widows Bank. âThe continued use of FISâ Profile banking suite enables us to offer consistently competitive products to the marketplace. This new agreement with FIS allows us to take advantage of the customer-centric approach to banking and deliver consolidated account information to our customers.â
âThe decision to install FISâ Profile Direct WebClient interface is yet another testament to Scottish Widows Bankâs resolve to provide its customers with premium products and levels of service,â said Michael Sanchez, president of FISâ International division. âProfile Direct WebClient will provide Scottish Widows Bank customers with an enhanced financial snapshot of all their account holdings and will further strengthen the overall banking relationship.â
The FIS Profile system is a real-time, multicurrency core banking system that delivers a customer-centric experience by implementing a single integrated database that includes all customer, banking, product and account information. Loan and deposit product features are supported by an extensive inventory of dynamically configurable components that are shared across all banking lines of business. With unprecedented benchmarks for processing, Profile supports more than 400 institutions, spanning 16 countries and ranging from de novo startups to top-tier global banks. Companies using Profile as their core banking system experience industry-leading total-cost-of-ownership benefits, including lower infrastructure costs, lower ongoing operating costs and increased productivity. Profileâs proven scalability of up to 50 million accounts and ultra-high availability make it a premier solution for core system transformation.
The WebClient agreement complements a 2004 agreement between the companies in which Scottish Widows Bank chose to replace its outsourced core processing solution with FISâ Profile. In 2005, FIS implemented the first phase of the program â UK Mortgages â offering a full set of UK-compliant mortgages and including functionality for offsetting savings account balances against the mortgage balance to reduce the term of mortgage debt. Within the last two months, FIS worked with Scottish Widows Bank to launch the latest phase of the program â the Savings/Deposits module of Profile â which will enable the bank to offer instant-transfer, 60-day notice and treasury tracker savings accounts through the existing FIS Profile platform.