FIS HORIZON Secures XCelent Award for Innovative Banking Tech

FIS HORIZON Receives Recognition for Groundbreaking Technology

FIS (NYSE: FIS), a leader in the financial technology sector, is proud to announce that its community banking core platform, HORIZON, has been awarded by Celent in the prestigious XCelent Awards program. This award, specifically in the Advanced Technology category, illustrates FIS's commitment to empowering community banks. The solution is designed to foster deposit growth and enhance wallet share for clients, making it a key player in modern banking technology.

Celebrating Advanced Technology in Core Banking Systems

The Advanced Technology category in Celent’s assessment reflects platforms that excel in advanced technology, functionality, and customer service. The recognition was based on an extensive evaluation involving Celent’s proprietary ABC scoring methodology, which focuses on (A)dvanced technology, (B)readth of functionality, and (C)lient base and service. HORIZON stood out not just as a top contender but was also labeled a “Luminary” in Celent’s Technical Capability Matrix due to its robust technology framework and extensive functionality.

Insights from FIS Leadership

“We are thrilled that our clients and industry experts are recognizing HORIZON as a premier solution for community banking institutions,” expressed Melissa Cullen, Head of Core Banking Solutions at FIS. Cullen further emphasized that the ongoing modernization efforts in HORIZON aim to redefine core banking, integrating it within a holistic financial ecosystem. This transformation enables financial institutions to leverage opportunities across the entire money lifecycle from a singular platform, which enhances operational agility and overall client experience.

Optimizing Community Banking Experiences

The FIS HORIZON platform is tailored for community banks, providing them with the tools to enhance customer relationships, which are vital to their success. Its user-friendly and customer-centric design marries comprehensive banking functionality with an intuitive experience accessible via mobile devices. This adaptable infrastructure not only addresses security needs but also remains flexible and scalable, allowing community banks to swiftly respond to contemporary consumer demands.

Community Banking Sector Trends

Celent's Principal Analyst, Craig Focardi, noted, “It’s exciting to spotlight FIS and its exceptional core banking platform at this year’s XCelent Awards.” He acknowledged that HORIZON is a trusted choice for community banks and specialty finance entities. The platform has seen the most significant client additions among core systems during the latest review period, indicating its resilience and appeal even amid sector consolidation. HORIZON continues to attract new clients as the financial landscape evolves.

A Legacy of Success

This latest accolade builds on FIS's remarkable achievements from the previous year when it earned three XCelent Awards for its core banking platforms. The ongoing recognition emphasizes FIS's dedication to innovation and excellence in financial technology.

Discovering More About FIS

FIS is a prominent financial technology firm offering comprehensive solutions to financial institutions, enterprises, and developers. It plays a crucial role in shaping the global financial landscape by advancing how consumers pay, bank, and invest. The organization has a wealth of experience that allows it to help clients navigate the evolving needs of their customers through reliable and innovative financial technology. Headquartered in Jacksonville, Florida, FIS is listed among the Fortune 500 and the S&P 500. For more information, prospective clients can learn about FIS by visiting FISglobal.com.

Frequently Asked Questions

What is the significance of the XCelent Award received by HORIZON?

The XCelent Award for Advanced Technology signifies HORIZON's excellence in core banking solutions tailored for community banks, affirming its leading role in financial technology.

Who is recognized by the award program?

The award program by Celent recognizes top financial technology platforms based on performance metrics that include technology quality and customer service.

How does HORIZON differ from other banking platforms?

HORIZON combines advanced technology with customizable and scalable solutions that are adaptive to the needs of community banks, enhancing their banking operations.

What does FIS aim to achieve with HORIZON?

FIS aims to redefine core banking solutions through HORIZON by integrating it within a connected financial ecosystem, ultimately improving client service and operational efficiency.

What kind of companies benefit from using FIS HORIZON?

Community banks and specialty finance institutions benefit from using FIS HORIZON due to its robust features designed to enhance customer relationships and service delivery.

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