Thailand-based Kasikornbank Public Company (Kasikornbank) selects FIS as the bank’s provider for real-time core banking for deposit products.
Under the terms of the agreement, FIS will provide its core banking platform to replace Kasikornbank’s existing system. The US technology firm said that it has increased its customer base to 10 of the top 13 Thai banks with this new agreement.
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FIS Asia Pacific group managing director Gopalakrishnan said: "FIS’ Profile® core solution will allow Kasikornbank to support the high-volume growth it is experiencing with a customer-centric approach across all of the bank’s channels."
In addition to deposit and loan account processing, FIS core banking solutions also address financial institutions’ needs for accounting/general ledger; data access and integration; and lending, payment and trust solutions, to maximize growth, increase productivity and mitigate risk.
Apart from core banking solution, FIS also offers customer, banking product, account and transactional requirements.
Kasikornbank, which was founded in 1945, serves more than 12 million individual and commercial customers using approximately 915 domestic and overseas branches.
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