The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Sign in to access this content
Sign InFIS and Barclays have officially extended their long-term core banking technology partnership, building on a relationship that first began in 2012. As part of the renewed agreement, Barclays will integrate the FIS 'Profile' solution to manage its deposits, accounts, and balances with real-time and multi-currency processing capabilities. This strategic move is designed to support Barclays' ambitions for retail deposit growth while modernizing its infrastructure to mitigate operational risks. For FIS, the extension secures long-term recurring revenue and validates its strategy of providing mission-critical technology to large-asset financial institutions. The partnership underscores a shared commitment to digital transformation and innovation within the retail banking sector. This technological upgrade is expected to streamline banking operations and enhance the overall customer experience through advanced processing power.