FIS introduces new ClearEdge solution

Maria Nikolova

The new subscription-based core banking solution accelerates and simplifies access to the advanced technology community banks need to compete and better serve the changing needs of their customers.

Financial services technology provider FIS (NYSE:FIS) today announced ClearEdge – a new subscription-based core banking solution that speeds and simplifies access to the advanced technology community banks need to compete and better serve the changing needs of their customers.

The new solution offers community banks a pre-integrated, comprehensive bundle of technologies for operating a highly efficient, modern bank and providing a superior customer experience. Qualifying banks can choose from pre-defined, pre-priced bundled solutions comprising a range of core processing, payments processing, digital functionality, image and item processing, decision intelligence and regulatory compliance technologies.

Rob Lee, head of Global Core and Channels, Americas, at FIS, commented: “We are committed to making it as easy as possible for our qualifying community bank clients to access the advanced technology they need to offer modern, differentiated products and services to their customers. ClearEdge takes that commitment to the next level with a powerful offering that we believe will be a game-changer for many community banks.”

ClearEdge leverages FIS’ recently announced simplified pricing and contracting model to streamline the contracting process for community banks with limited resources. ClearEdge core banking contracts provide optimal flexibility with no required term lengths, liquidated damages and exclusivity requirements as well as clearly defined fees around deconversion services.

Many of the solutions included in ClearEdge bundles are covered by FIS’ groundbreaking service level agreement (SLA) which protects clients in the event of certain service outages.

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