Bruce Lowthers, chief operating officer, Integrated Financial Solutions, FIS

The financial services provider FIS has announced that it has been chosen by Oklahoma based Gateway Mortgage Group, in a bid to equip its new digital bank, Gateway First Bank, with FIS’ modern core banking platform.

According to the supplier, FIS will provide the bank with an online account origination platform along with the core banking platform. The platform will also enable the bank to provide a set of personalized digital services to its customers.

“We are excited to welcome Gateway First Bank as a new FIS client,” commented Bruce Lowthers, chief operating officer, Integrated Financial Solutions, FIS. “FIS technology supports many of the leading direct-to-consumer banks in the market around the world. We look forward to helping Gateway First Bank take advantage of the power of digital banking to expand its customer base and meet its growth goals,”he added.

Gateway Mortgage Group is set to acquire Oklahoma-based Farmers Exchange Bank for diversifying its regional banking model and planning to launch its digital bank in mid-2019. The Online Account origination system solution, to be delivered by FIS, is based on the FIS Digital One omnichannel platform.

“As we planned for the launch of Gateway First Bank, we selected a partner with deep experience and scale in digital banking,” Stephen Curry, Gateway Mortgage Group CEO said. “I have worked with FIS in the past, and their platform will give us the modern functionality and digital services we need to attract and serve customers around the country.”

Established in 1968, Fidelity National Information Services Inc.(FIS) is an international provider of financial services technology and outsourcing service with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, and outsourcing solutions.

Established in 2000, Gateway is a mortgage origination and servicing company with a client base of $18 billion in residential mortgages.

by Megha Bhattacharya
Market Analyst at IBS Intelligence