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Republic Bank & Trust Selects FIS Core Processing Solution

November 04, 2008

JACKSONVILLE, Fla. — Processing and technology solutions provider Fidelity National Information Services Inc. (FIS) has announced that Louisville, Ky.-based Republic Bank & Trust Co. has selected FIS' HORIZON system for its core processing solution.

Republic Bank & Trust Co. expanded its core processing relationship with FIS and signed a multiyear contract for the HORIZON core processing solution, as well as FIS' IST/Switch solution for ATM and EFT transactions. With its 45 locations and $3 billion in assets, Republic Bank specializes in personalized service and individualized products. HORIZON's unsurpassed customer relationship management features and its flexible architecture are expected to help Republic continue providing its customers with exemplary service.

Built on the principle of end-to-end integration, HORIZON was designed to provide banks with superior financial reporting, innovative transaction processing and unsurpassed relationship management. The solution also delivers true integration with the full spectrum of FIS capabilities, including check processing, e-banking and business intelligence, according to the company.

"We sought a core banking solution with robust functionality to meet the evolving needs of our customers and with scalability to accommodate Republic's growth," said Shannon Reid, senior vice president of operations and information technology for Republic Bank. "The HORIZON core processing solution clearly satisfied these requirements, and will help us to continue offering the premier products and services our valued clients expect, while realizing the efficiencies and cost-savings our shareholders demand."

"This agreement - the latest in a long string of client signings - is indicative of just how versatile, how effective, and how reliable the HORIZON system is in helping financial institutions operate more efficiently," said James A. Susoreny, executive vice president for FIS. "We're looking forward to working with Republic Bank & Trust to help them achieve their strategic goals."

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