Barclays has implemented FIS’ Profile core account processing system to support the launch of the bank’s new online savings and CD products for the US consumers.
The UK-based lender said the core banking platform will be integrated with real-time account processing and online account instigation, thus facilitating the bank to enalbe easy and secure account opening.
Furthermore, the technology will enable Barclays’ consumers to open an account, deposit funds or cheques distantly, view account information and link to deposit accounts at other financial institutions in the US.
Barclays US deposit products general manager Steve Carp said the bank is pleased expanding its presence in the US with the launch of the new online consumer bank.
"Profile’s rich functionality and configurability make it an ideal solution for this exciting new endeavor for Barclays," Carp added.
Profile is a real-time, ultra-scalable core and integrated banking system, which includes customer and banking product, account and transactional requirements.
FIS serves over 14,000 institutions in more than 100 geographies across the globe with payment processing and banking systems, providing software and outsourcing services.