New FIS Solution Streamlines Account Onboarding for Trust Companies and Bank Trust Departments

Key facts

• New solution removes friction in account opening process for trust
  companies and banks, and digitizes manual, paper-based processes

JACKSONVILLE, Fla.–(BUSINESS WIRE)–FIS
a global leader in financial services technology, today announced the
launch of an innovative digital onboarding solution for use by trust
companies and bank trust departments in creating and opening new
investor accounts online.

The new offering reduces the time and cost associated with opening new
trust accounts by streamlining and digitizing previously manual and
paper-based processes. The solution provides standardized templates,
forms and other required documentation, allowing for rapid configuration
and support of all aspects of the trust onboarding process.

Trust companies and bank trust departments using the new solution can
benefit from an improved client experience as well as enhanced oversight
and reduction in data errors.

“Bringing this new level of digital integration to our trust platforms
is something our clients have indicated they want and need,” said Brian
DuVal, head of Wealth and Retirement at FIS. “At FIS, we’re leveraging
digital tools to improve the customer experience in many different ways.
This innovative new solution will help our clients streamline their
capabilities and enhance their customer experience.”

The digital account onboarding product is currently available to FIS
clients utilizing the TrustDesk and AddVantage trust platforms.

About
FIS

FIS is a global leader in financial services technology, with a focus on
retail and institutional banking, payments, asset and wealth management,
risk and compliance, and outsourcing solutions. Through the depth and
breadth of our solutions portfolio, global capabilities and domain
expertise, FIS serves more than 20,000 clients in over 130 countries.
Headquartered in Jacksonville, Fla., FIS employs more than 47,000 people
worldwide and holds leadership positions in payment processing,
financial software and banking solutions. Providing software, services
and outsourcing of the technology that empowers the financial world, FIS
is a Fortune 500 company and is a member of Standard & Poor’s 500^®
Index. For more information about FIS, visit https://www.fisglobal.com/.

Follow FIS on Facebook (facebook.com/FIStoday),
LinkedIn (linkedin.com/company/fis)
and Twitter (@FISGlobal).

Contacts

Kim Snider, 904.438.6278
Senior Vice President
FIS Global
Marketing and Communications
kim.snider@fisglobal.com