First Republic Bank has selected FIS platform as part of its core banking modernisation programme to support growth.
The California-based lender will deploy FIS IBS platform to meet the needs of its consumer and business customers.
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The FIS platform will help the bank to automate key manual processes and utilise data analytics to meet customer requirements.
Additionally, First Republic Bank can integrate third-party solutions through the FIS Code Connect ecosystem of open application programming interfaces.
Established in 1985, First Republic Bank offers personal, business and private wealth management services.
It has more than $110bn in banking assets and $140bn of wealth management assets.
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By GlobalDataFIS head of Digital and Banking Rob Lee said: “We are extremely excited to welcome First Republic Bank to the growing roster of FIS core processing clients.
“We look forward to working with this forward-looking bank to bring the power, openness and innovation of our core platform to its customers.”
Headquartered in Florida, FIS focuses on delivering technology solutions to banks, merchants and capital markets firms globally.
Last month, Tennessee-based First Horizon Bank tapped FIS to enhance its loyalty programme and drive customer experience.
The company was also selected by New York-based Apple Bank in November to support its transformation. The contract involved replacing the older in-house system with FIS’ hosted IBS core solution.
