- Union Savings Bank has selected FIS as its new technology partner and core banking provider
- FIS will help Union Savings Bank improve its use of data, allow it to streamline processes and expand customer offerings through increased integration, and enhance functionality
JACKSONVILLE, Fla., Aug. 15, 2017 – Embracing the digital, data-centric future, Union Savings Bank, a $2.3 billion mutual bank in Connecticut, has selected FIS™ (NYSE: FIS), a global leader in financial services technology, as its new technology partner and core banking provider.
FIS will help the bank improve its use of data, allow it to streamline processes and expand customer offerings through increased integration, and enhance functionality. In addition, better workflow technology, along with streamlined vendor management, will allow the bank to better compete in the market, while also positioning itself for growth. Included in the deal are digital and payment services, commercial banking, treasury management and more.
“Union Savings Bank continuously seeks to better serve our customers,” said Cynthia Merkle, president & CEO, Union Savings Bank. “When looking to expand our commercial banking capabilities, and become more nimble with our use of data, we were impressed by FIS’ ability to meet all of our needs in one place. It’s technological strength, plus its deep support, offered us a superior solution that will make meeting customer needs easier and more effective.”
“Technology is a great equalizer for community banks,” said Anthony Jabbour, chief operating officer, Banking and Payments, FIS. “FIS’ broad set of solutions will allow Union Savings Bank to continue to bring new products to market that are attractive to its customers, and facilitate their needs.”
About Union Savings Bank
Established in 1886, and headquartered in Danbury, Conn., Union Savings Bank is a $2.3 billion mutual bank dedicated to providing excellent service to its customers and communities with 25 branch offices located throughout western Connecticut. Union Savings Bank provides financial services to individuals, businesses, not-for-profit organizations and government entities through its commercial, residential and consumer lending, corporate services, retail banking and wealth management divisions. For more information, please visit unionsavings.com and connect with the bank on LinkedIn and Facebook.
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, consulting, 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 53,000 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 www.fisglobal.com. Follow FIS on Facebook (facebook.com/FIStoday) and Twitter (@FISGlobal).
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For More Information
Kim Snider, 904.438.6278
Senior Vice President
FIS Global Marketing and Communications