New York-based Apple Bank has selected a FIS-developed core banking platform as part of its transformation programme.
The move will replace the older in-house system with FIS’ hosted IBS core solution.
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The vendor said that its platform will enable Apple Bank to expedite the process to introduce new products and offer uniform banking experience across different channels.
Additionally, the FIS core solution, featuring an open architecture, will enable third-party integrations. According to the vendor, Apple Bank can also leverage the platform’s analytics and reporting capabilities to predict customer requirements and reduce operating costs.
Apple Bank EVP and CTO Aditya Kishore said: “It’s all about the experience. We chose the FIS IBS core banking platform because it enables us to deliver that consistent, seamless customer experience.”
FIS Digital and Banking head Rob Lee said: “Over its long history, Apple Bank has succeeded by staying close to its customers and adapting to their needs.
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By GlobalData“We are confident that our new system will provide Apple Bank with the technology platform it needs to support its growth well into the future.”
Apple Bank is the second-largest state-chartered savings bank in New York State. The bank provides personal and business banking services through 79 branches and manages over $15bn in assets.
Based in Florida, FIS offers technology solutions to banks, merchants and capital market firms.
Earlier this year, Australian challenger Volt Bank tapped FIS to offer mobile and card payment services.
