Barclays and FIS Extend Partnership Supporting Bank's Online Deposits Growth
Key Facts:
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Barclays US Consumer Bank and FIS have signed a multi-year extension of their core banking agreement, selecting Profile to power the bank's deposit growth strategy. -
FIS Profile powers money at rest for approximately 30 direct and digital banks globally, including many of the leading digital banks in
the United States .
As part of the agreement, Barclays will deploy the FIS Profile service, a cloud-ready, high-performance core banking platform that manages money at rest – deposits, accounts, and balances - while delivering real-time, multi-currency processing that reduces risk, costs and time to market.
FIS Profile's open architecture enables real-time data streaming, seamless integration with consumer-facing channels, and the flexibility to connect best-fit solutions across Barclays advanced technology ecosystem.
Over the past decade, Barclays has seen tremendous growth in its online deposits business in
"As we expand our deposits business and bring new products to market, we have invested in digital capabilities and are simplifying our processes to create a better customer experience," said
"As Barclays positions itself for its next phase of growth, FIS is helping the bank to unlock quick, measurable value throughout its modernization program." said
FIS is a financial technology company providing solutions to financial institutions and businesses. We unlock financial technology to the world across the money lifecycle underpinning the world’s financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients to confidently run, grow, and protect their businesses. Our expertise comes from decades of experience helping financial institutions and businesses of all sizes adapt to meet the needs of their customers by harnessing where reliability meets innovation in financial technology. Headquartered in
To learn more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn and X.
About Barclays
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For More Information
Vice President
904.438.6278
Nicole.Alley@fisglobal.com
US & Corporate PR Lead
631.827.7963
Lauren.Pozmanter@fisglobal.com
VP, Media Relations
george.caudill@barclays.com
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