Company News »

Empowering Auto Industry, FIS AutoSuite Draws New Business and Recognition

Business Wire
Share on StockTwits
Published on

FISTM (NYSE:FIS) , a global leader in banking and payments technology as well as consulting and outsourcing solutions, continues to advance the automotive industry with disruptive innovation that has generated major, new business and earned multiple awards for quality.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150528006409/en/

FIS recently was selected by the finance company of one of the nation’s largest auto makers to provide core servicing, collections and customer service for the United States and Canada through its AutoSuite solution. Already supporting 13 of the top 25 auto lenders in the U.S., FIS solutions will allow the auto maker to provide full-service lending services to customers, including commercial and personal loans and leases.

FIS’ focus on continuous innovation – reinventing the technology and service that support lending growth for clients – results in the highest-quality lending tools and is the key to demonstrating value to its clients.

“Automotive lending is a fast growing segment of the consumer finance industry. Captive and non-captive finance companies, banks and other lenders need industry leading technology and support to attract new customers and provide superior customer service,” said John Gordon, EVP, global North American products executive, FIS. “FIS’ commitment to supporting automotive lending through high-quality IT solutions and innovation is never ending; we’re not content with the status quo and will continue to drive client success.”

Best of the Best in Origination IT

FIS was named “Best of the Best in Origination IT” for its CMSI solution, which Aite described as “the origination solution of choice for the large banks and finance companies.”

The report says: “What differentiates FIS’s CMSI from the other top providers is its 25 years’ experience in automating the origination function to meet the needs of top indirect and direct lenders. This experience and commitment translates into software that is intuitive for the user and at the same time materially streamlines the credit analysis process … The company prides itself on its ability to solve credit-processing challenges, and its clients agree that the functionality Origenate brings to the table translates to a deep understanding of the nuances of indirect credit processing.”

Aite calls FIS’ acquisition of CMSI positive, noting that the integration of CMSI technology into FIS’ AutoSuite automotive lending solution provides support for delivering loans and leases to FIS’ core servicing system: “Connectivity is already there, and additionally FIS’s auto finance securitization capabilities and newly emerging business process outsourcing (BPO) offering should further strengthen the value proposition.”

Best of the Best in Servicing IT

FIS also received “Best of the Best in Servicing IT” for its ALS-AF solution. Aite noted that “13 of the top 25 auto lenders (supporting 46% of loans outstanding and 31% of leases outstanding) are FIS clients.”

Aite recognitions are based on interviews and meetings with senior managers at U.S. banks, credit unions and finance companies that have significant retail automobile finance portfolios.

For a summary of these and other recent awards, visit the FIS awards section on www.fisglobal.com.

About FIS

FIS is a global leader in banking and payments technology as well as consulting and outsourcing solutions. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 42,000 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 a Fortune 500 company and is a member of Standard & Poor’s 500(R) Index. For more information about FIS, visit www.fisglobal.com.

Follow FIS on Facebook (facebook.com/FIStoday) and Twitter (@FISGlobal).

Share on StockTwits