JACKSONVILLE, Fla., and MUNICH, Sept., 16 2011 –FISTM (NYSE: FIS), the world’s largest provider of banking and payments technology, today announced that FIS KORDOBA has signed an agreement to implement its KORDOBA CORE24 banking system at Munich- headquartered DAB bank AG.
DAB bank AG operates in Germany as a direct bank specialising in securities-related services. It offers a wide range of products and services targeted at investors, traders, asset managers and financial advisors.
Planned to go live in 2012, KORDOBA CORE24 will handle processing for a range of DAB bank services, including current accounts, term deposits, savings, payments, and foreign exchange, as well as general bank management. KORDOBA CORE24 will also be integrated with DAB bank AG’s legacy transaction processing and portfolio administration applications.
FIS KORDOBA’s implementation and roll-out project will encompass consulting, development, customisation, and design and analysis of test runs prior to migration of customer and bank data to the new system.
“We chose KORDOBA CORE24 not just for its flexibility and technical capabilities but also for FIS KORDOBA’s track record of successful deployments, backed by the company’s strong position in the German banking market,” said Klaus-Peter Weiß, DAB bank AG’s Head of IT. “FIS KORDOBA is committed to developing and updating its systems in line with changing regulatory, compliance and business requirements. This is essential to ensuring the sustainability and future protection of the bank’s IT investment that we were looking for. Furthermore, we have the strategic option to enhance our core banking system with additional FIS KORDOBA modules and solutions.”
“DAB bank AG is an innovative player in direct banking in Germany and Austria and we are delighted that FIS KORDOBA has been chosen as a strategic development partner,” said Thomas Wünnemann, CEO, FIS KORDOBA. “We look forward to a mutually beneficial and long-term business relationship.”