Cole Taylor Bank, the banking subsidiary of Chicago-based Taylor Capital Group, has selected Integrated Banking Services (IBS), a core banking system from FIS, a provider of banking and payments technology, to replace its current core processing bank solution.
Cole Taylor Bank will deploy IBS, a client-centric core banking platform with an offering of financial services solutions, throughout its banking centers to meet the evolving business objectives of their organization.
As part of its agreement, Cole Taylor Bank has selected a suite of additional solutions that include: bill payment, electronic banking, customer relationship management, risk, fraud and compliance, and commercial treasury. These solutions are fully integrated with FIS’ IBS core banking platform, providing the bank with an end-to-end solution that will support improved customer service.
Mark Hoppe, president and CEO of Taylor Capital and Cole Taylor Bank, said: “The solutions offered by FIS will allow us to provide a broader and deeper set of products and services for the increasingly sophisticated needs of our mid-market commercial banking clients.”
Anthony Jabbour, executive vice president of FIS Financial Solutions Group, said: “Cole Taylor Bank is a very sophisticated commercial bank and the FIS suite of products will allow them to effectively compete with larger regional and national competitors by offering a more expansive set of offerings.”