Fidelity National Information Services, Inc. (NYSE: FIS), a leading provider of processing and technology solutions for financial institutions worldwide, recently reached an agreement with First Horizon National Corporation (NYSE: FHN) to provide application service provider (ASP) services for First Horizonâs core deposit banking applications â Computer Sciences Corporationâs (NYSE: CSC) Hogan Integrated Deposits System.
The chief advantage of FISâ ASP for financial services organizations is that it allows banks to focus on the activities that deliver the greatest value to their organizations, such as attracting and retaining customers and teaming with a proven leader to support their technology and systems.
Technology tasks are handled more quickly, efficiently and affordably with ASP support than by internal IT staff.
As part of this ASP service, FISâ programmers and analysts configure the customer-centric software according to the financial organizationâs preferences, in order to market, service and maintain its particular deposit and lending products. FISâ ASP delivers the technical and applications expertise, support and security required to activate and manage a robust enterprise banking software platform such as CSCâs Hogan Integrated Deposits System.
âFirst Horizon has enjoyed a very positive relationship with CSC and FIS over the years,â said Patrick Ruckh, chief technology officer for First Horizon. âBy capitalizing on the synergies offered by these two industry leaders, First Horizon has been able to continually strengthen its business model and remain focused on continuing to earn the loyalty of its customers.â
âFISâ ASP service will provide tremendous benefit to First Horizon,â said John Amatangelo, executive vice president of client relations for FISâ Enterprise Banking and Retail Solutions division. âWith FISâ ASP, Hogan clients can now achieve lower costs, stay current on the latest releases and leverage precious domain expertise, freeing them to focus more on their customers.â
âWe are pleased that First Horizon is leveraging our alliance with FIS,â said Jeffery Schwalk, vice president and managing director of CSCâs Banking Solutions group. âThrough this relationship, we look forward to helping First Horizon and other banks realize significant business results with this new ASP delivery option for CSCâs Hogan systems.â