JACKSONVILLE, Fla. – Fidelity National Information Services, Inc. (FIS), a global leader in processing and technology solutions for financial institutions, today announced that Republic Bank & Trust Company has selected FIS’ HORIZON system for its core processing solution.
Republic Bank & Trust Company, based in Louisville, Ky., expanded its core processing relationship with FIS and signed a multiyear contract for the HORIZON core processing solution, as well as FIS’ IST/Switch solution for ATM and EFT transactions. With its 45 locations and $3 billion in assets, Republic Bank specializes in personalized service and individualized products. HORIZON’s unsurpassed customer relationship management features and its flexible architecture are expected to help Republic continue providing its customers with exemplary service.
Built on the principle of end-to-end integration, HORIZON provides banks with superior financial reporting, innovative transaction processing and unsurpassed relationship management. The solution also delivers true integration with the full spectrum of FIS capabilities, including check processing, e-banking and business intelligence.
“We sought a core banking solution with robust functionality to meet the evolving needs of our customers and with scalability to accommodate Republic’s growth,” said Shannon Reid, senior vice president of operations and information technology for Republic Bank. “The HORIZON core processing solution clearly satisfied these requirements, and will help us to continue offering the premier products and services our valued clients expect, while realizing the efficiencies and cost-savings our shareholders demand.”
“This agreement – the latest in a long string of client signings – is indicative of just how versatile, how effective, and how reliable the HORIZON system is in helping financial institutions operate more efficiently,” said James A. Susoreny, executive vice president for FIS. “We’re looking forward to working with Republic Bank & Trust to help them achieve their strategic goals.”
About Republic Bank & Trust
Republic Bancorp, Inc. (Republic) has 45 banking centers and is the parent company of: Republic Bank & Trust Company with 36 banking centers in 14 Kentucky communities – Bowling Green, Covington, Crestwood, Elizabethtown, Florence, Fort Wright, Frankfort, Georgetown, Independence, Lexington, Louisville, Owensboro, Shelbyville and Shepherdsville and three banking centers in Floyds Knobs, Jeffersonville and New Albany, Indiana. Republic Bank has five banking centers in Hudson, New Port Richey, Palm Harbor, Port Richey and Temple Terrace, Florida and one in Cincinnati (Blue Ash), Ohio. Republic Bank & Trust Company also operates Tax Refund Solutions, a nationwide tax refund loan and check provider. Republic offers internet banking at www.republicbank.com. Republic has $3 billion in assets and $1 billion in trust assets under custody and management. Republic is headquartered in Louisville, Kentucky, and Republic Class A Common Stock is listed under the symbol ‘RBCAA’ on the NASDAQ Global Select Market.
About Fidelity National Information Services
Fidelity National Information Services, Inc. (NYSE: FIS), a Fortune 500 company, is a leading provider of core processing for financial institutions; card issuer and transaction processing services; and outsourcing services to financial institutions and retailers. FIS has processing and technology relationships with 40 of the top 50 global banks, including nine of the top 10. FIS is a member of Standard & Poor’s (S&P) 500 Index and has been ranked the number one overall financial technology provider in the world by American Banker and the research firm Financial Insights in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 13,000 financial institutions in more than 80 countries worldwide. For more information on Fidelity National Information Services, please visit www.fidelityinfoservices.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions and other risks detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Form 10-K and other filings with the Securities and Exchange Commission.