FIS™, one of the world’s largest providers of banking and payments technology, announced on 19 May that it was named winner of the award for “Outstanding Enterprise Application Solution by an ISV” in the annual IBM Beacon Awards competition. This prestigious honor is awarded each year to a select number of IBM Business Partners and recognises technical excellence and innovative solutions based on IBM products and services.
The Beacon Awards are an important component in IBM’s PartnerWorld program highlighting the essential role that IBM Business Partners play in driving innovation for clients and making a difference in today’s highly competitive marketplace. Teaming with IBM, these Beacon Award winners have set the standard for technical capabilities, vision, ingenuity in solving problems and client satisfaction.
FIS was selected for the award based on its core Profile conversion for Government Savings Bank (GSB) in Thailand, the country’s fourth largest bank. The conversion was completed within a 16 month timeframe, and included the entire branch and back office technical infrastructure of the bank and 20 million deposit and loan accounts. Two weeks after going live with Profile in a full production environment, GSB introduced new savings products that resulted in significant market share gains and achieved 107% of its product launch goal in the first 30 days. In addition, the cost efficiencies and currency float attained on the new savings products alone more than paid for the FIS Profile system, a return on investment in less than 12 months.
FIS teamed with IBM Global Services for the IBM System p and AIX implementation to help plan, implement and manage the dynamic FIS Profile infrastructure environment for GSB. FIS Profile is a transformational core banking platform targeted to top-tier financial institutions, including leading global retail and direct banks. GSB selected Profile as their solution to dramatically increase their efficiency, support new products and eliminate service outages.
“We are very proud to have won a Beacon award this year,” said Frank Sanchez, corporate executive vice president, FIS Strategic Solutions. “FIS goes to great lengths to deliver market-leading technology that demonstrates the highest level of product innovation, industry expertise and client service for organizations throughout the world. This award validates our continued commitment to providing reference solutions that support our clients’ strategic objectives and generate tangible results.”
The IBM Beacon Awards provide a wide range of industry recognition, increased visibility and promotional opportunities to award winners and finalists. Hundreds of nominations were judged by a team of leading industry journalists, analysts and IBM executives, who selected winners and finalists in 9 overall categories encompassing 21 awards covering hardware, software, and service solutions, Midmarket, ISV and technical awards as well as a focus on Smarter Planet. Among the categories were three new additions for 2010: New Intelligence, Smart Work and Smarter Planet.
“Our Beacon Award winners represent the tremendous power of the IBM Business Partner ecosystem in creating unique client value through our combined capabilities, expertise and offerings,” said Rich Hume, general manager, IBM Business Partner Organization. “By winning the Outstanding Enterprise Application Solution by an ISV Category award, FIS has demonstrated its ability to deliver innovation to the market and help clients achieve higher value and better business outcomes.”
For more information about the IBM Beacon Awards, including descriptions of the winning entries and details about the finalists, please visit www.ibm.com/partnerworld.