Jacksonville, Florida – Fidelity National Information Services (FIS) (NYSE:FIS), announced today that The Federation des caisses populaires acadiennes has upgraded to the latest version of FIS Profile™ (Profile), to leverage the comprehensive support this technology platform delivers.
With the upgrade, The Federation des caisses populaires acadiennes gains enhanced features and functionality to support its strong member-focus philosophy and has access to the most advanced versions of FIS’ software.
The Federation des caisses populaires acadiennes has been a FIS client since 1991. The Mouvement des caisses populaires acadiennes is the largest Acadian financial institution in the Canadian Atlantic provinces with global assets at more than $2 billion.
The Federation des caisses populaires acadiennes utilizes Profile to support the portfolio of lending and student loan products and deposit products. Profile, a comprehensive and strategic banking application supports a wide range of customer, product build, deposit, lending and payment functionality for the retail banking environment and the growing banking needs of credit union members. Profile's flexible, open framework supports the full breadth of lending products – including mortgages, home equity lines of credit and unsecured credit, both fixed and revolving – from a single platform.
"The Federation des caisses populaires acadiennes has selected leading edge technology as part of its ongoing commitment to deliver unparalleled value and service to our members,” said Denis Laverdière, Vice Presidence, finance and administration at The Federation. “We have serviced our loans on Profile for more than 14 years and are pleased to continue our technology partnership with FIS – a valuable asset to our organization."
"We appreciate and value our long-standing relationship with The Federation des caisses populaires acadiennes," said Gordon Conlin, FIS' managing director. "We continue to upgrade Profile to meet the needs of the Canadian market and are focused on the needs of our clients. We look forward to working with The Federation des caisses populaires acadiennes toward their continued success.”
The Mouvement des caisses populaires acadiennes is the largest Acadian financial institution in the Atlantic provinces. With its 200,000 members and global assets at more than $2 billion, this network consists of 33 Caisses and 85 service points in New Brunswick. More than 1,000 employees and 396 elected representatives constitute the strength of the organization. The Fédération des caisses populaires acadiennes, network head office, was founded in 1946 and is located at Place de l’Acadie in Caraquet, New Brunswick, Canada.
Fidelity National Information Services, Inc. (NYSE:FIS) is a leading provider of core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top ten. Nearly 50 percent of all U.S. residential mortgages are processed using FIS software. Headquartered in Jacksonville, Florida, FIS maintains a strong global presence, serving over 7,800 financial institutions in more than 60 countries worldwide. For more information on Fidelity National Information Services, please visit www.fidelityinfoservices.com.
FIS is a majority-owned subsidiary of Fidelity National Financial Inc. (NYSE:FNF), number 248 on the Fortune 500 and a provider of outsourced products and services to a variety of industries. More information about FNF can be found at www.fnf.com.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions, including changes in the financial markets; the risk that our recent merger with a subsidiary of Fidelity National Financial, Inc. may fail to achieve beneficial synergies or that it may take longer than expected to do so; the effects of our substantial leverage, which may limit the funds available to make acquisitions and invest in our business; the risks of reduction in revenue from the elimination of existing and potential customers due to consolidation in the banking, retail and financial services industries; failures to adapt our services to changes in technology or in the marketplace; adverse changes in the level of real estate activity, which would adversely affect certain of our businesses; our potential inability to find suitable acquisition candidates or difficulties in integrating acquisitions; significant competition that our operating subsidiaries face; and other risks detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Form 10-K and other filings with the Securities and Exchange Commission.