American Union Bank has tapped tech developer FIS to provide its new banking platform.
The bank is a member of MUFG Americas Holdings, one of the 20 largest bank holding companies in the US. Union Bank will aim to use the FIS partnership to establish a platform that nurtures innovation to the benefit of its clients.
The new cloud-native platform will feature an open, component-based architecture. This, the bank hopes, will empower the bank to integrate third-party solutions more smoothly as well as bringing innovative new products to clients and comply with regulations with ease.
“Expanding on our success working with FIS on our PurePoint Financial digital bank, we are advancing our digital-first deposit platform across Union Bank,” said Steve Cummings, president and CEO of MUFG Union Bank. “We are confident that this new platform will help us deliver an exceptional client experience and enhance our competitiveness while continuing our heritage as one of the most trusted financial groups.”
Gary Norcross, chairman, president and CEO of FIS, added, “The new FIS Modern Banking Platform will help Union Bank meet the expectations of digitally savvy clients who expect their banking experience to be as easy and convenient as shopping online. We are excited to bring this groundbreaking new platform to market and delighted to be chosen by Union Bank as its technology partner for its core banking transformation initiative.”
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