Fidelity National Information Services News

Augsburger Aktienbank Selects KORDOBA CORE24 and Global Securities Solution

MUNICH, Germany, July 28 PRNewswire-FirstCall — KORDOBA GmbH, a division of Fidelity National Information Services, Inc. (FIS), a worldwide leader in processing and technology solutions for financial institutions, announced today that Augsburger Aktienbank AG has signed a long-term outsourcing agreement based on KORDOBA's market-leading core banking and global securities applications, K-CORE24 and K-Global Securities.

One of the oldest direct banks in Germany, Augsburger Aktienbank has become one of the most important financial execution partners in Germany, offering customers a diversified portfolio of financial investments including traditional banking products, funds and securities. In addition to traditional banking, they administer a multibillion Euro portfolio on behalf of investment trusts, asset managers, sales organizations and real estate pools. Augsburger Aktienbank is a wholly-owned subsidiary of LVM Group.

"After a thorough technical and business evaluation of the core banking and securities software in the market, we selected the KORDOBA solution," said Joachim Maas, member of the board, Augsburger Aktienbank. "The decisive factor was the competitiveness of the KORDOBA solution and its fit with our specific requirements. KORDOBA's future-oriented IT infrastructure facilitates process optimization while helping us accomplish innovative business initiatives."

"We are extremely pleased to welcome Augsburger Aktienbank as the newest KORDOBA and FIS customer," said Barry Dark, managing director of KORDOBA. "The bank's rigorous business and technical requirements were a good fit with our architecture, software products and outsourcing delivery solution. We look forward to working with them in the coming years as they innovate and grow their business."

K-CORE24 is a market-leading, comprehensive banking software solution for the European financial services market. With its modular structure, flexible parameter-driven approach and extensive functionality, K-CORE24 meets the increasing functional and technical demands of a core banking system. In addition to K-CORE24, the outsourcing agreement also includes the installation and operation of KORDOBA Global Securities (K-GS). K-GS is a market-leading, platform-independent securities system built to address the most functionally demanding direct, private and regional banks in Europe. The securities system provides all the interfaces that banks need for their securities processes, from customer links via the Internet and customer consulting at the branch to order management and back-office transactions. KORDOBA offers K-CORE24 and K-GS in either a licensed or outsourcing model.

About Augsburger Aktienbank AG

For more than 40 years, Augsburger Aktienbank AG has been a constant in the German financial industry. Augsburger Aktienbank ranks among the most important partners for asset managers and financial service providers. Its traditional retail business and the long-term experience in cooperating with different distributors are the core strengths of the bank. Since 2002, Augsburger Aktienbank has been a wholly-owned subsidiary of the LVM Group. For more information on Augsburger Aktienbank, please visit www.aab.de.

About KORDOBA and 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 and Poor's (S&P) 500(R) 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.

KORDOBA, a division of FIS, is a leading provider of technology-based solutions for the European banking market. The company provides numerous software applications designed to address a wide range of banking functions, including core banking, multichannel solutions for sales banking, securities processing, self-service device management, and controlling and reporting. These solutions are offered through a licensed or outsourced model and are used by many leading banks in central Europe. For more information about KORDOBA, please visit www.kordoba.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.

SOURCE Fidelity National Information Services, Inc.

Send this news item to a friend.

Print This Page