JACKSONVILLE, Fla. & MUNICH--(BUSINESS WIRE)--FIS™ (NYSE: FIS), the world’s largest provider of banking and payments technology, today announced that FIS KORDOBA has signed an agreement to implement its KORDOBA CORE24 banking system at Munich-headquartered DAB bank AG.
DAB bank AG operates in Germany as a direct bank specialising in securities-related services. It offers a wide range of products and services targeted at investors, traders, asset managers and financial advisors.
Planned to go live in 2012, KORDOBA CORE24 will handle processing for a range of DAB bank services, including current accounts, term deposits, savings, payments, and foreign exchange, as well as general bank management. KORDOBA CORE24 will also be integrated with DAB bank AG’s legacy transaction processing and portfolio administration applications.
FIS KORDOBA’s implementation and roll-out project will encompass consulting, development, customisation, and design and analysis of test runs prior to migration of customer and bank data to the new system.
“We chose KORDOBA CORE24 not just for its flexibility and technical capabilities but also for FIS KORDOBA’s track record of successful deployments, backed by the company’s strong position in the German banking market,” said Klaus-Peter Weiß, DAB bank AG’s Head of IT. “FIS KORDOBA is committed to developing and updating its systems in line with changing regulatory, compliance and business requirements. This is essential to ensuring the sustainability and future protection of the bank’s IT investment that we were looking for. Furthermore, we have the strategic option to enhance our core banking system with additional FIS KORDOBA modules and solutions.”
“DAB bank AG is an innovative player in direct banking in Germany and Austria and we are delighted that FIS KORDOBA has been chosen as a strategic development partner,” said Thomas Wünnemann, CEO, FIS KORDOBA. “We look forward to a mutually beneficial and long-term business relationship.”
About FIS
FIS (NYSE: FIS) is the world’s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 32,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. FIS is ranked 426 on the Fortune 500, is a member of Standard & Poor’s 500® Index and consistently holds a leading ranking in the annual FinTech 100 list. For more information about FIS, visit www.fisglobal.com.
About FIS KORDOBA GmbH (FIS KORDOBA)
FIS KORDOBA is a leading software and service provider for the European banking market. The company provides IT solutions for a wide range of banking functions, including core banking, securities processing, bank controlling, sales banking as well as authorization and self-service operations. As single source vendor FIS KORDOBA caters for the whole scale of business-driving solutions that encompass standardized applications, customizing, implementation and comprehensive outsourcing services including maintenance, support, release management and future-oriented software engineering. FIS KORDOBA is a wholly owned subsidiary of Fidelity National Information Services, Inc.
Headquartered in Munich, FIS KORDOBA employs more than 300 people.
About DAB bank
DAB bank is a direct bank specializing in securities-related services. It operates in Germany and – through its subsidiary direktanlage.at – also in Austria. It offers a wide range of products and services targeted to investors, traders and asset managers. As of June 30, 2011, the DAB bank Group administered a total of 621,128 securities accounts comprising customer assets of EUR27.08 billion. Headquartered in Munich, DAB bank was founded in 1994 as Germany's first discount broker. For more information visit www.dab-bank.de