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First Republic Bank selects FIS’ IBS Core Banking Platform

First RepublicFinancial technology provider FIS has announced the selection of its IBS core platform by First Republic Bank as part of a core banking modernization program. First Republic was seeking an upgrade for its core banking system with a modern, open, scalable platform to serve its growing consumer and business client segment requirements.

The FIS IBS core platform will provide expanded functionality and data analytics for clients. First Republic bank will benefit from the ability to integrate innovative third-party solutions through the growing FIS Code Connect ecosystem of open application programming interfaces. Moreover, the new FIS solution will help the bank to enhance efficiency by automating previously manual processes.

“We are extremely excited to welcome First Republic Bank to the growing roster of FIS core processing clients,” said Rob Lee, Head of Digital and Banking at FIS. “We look forward to working with this forward-looking bank to bring the power, openness and innovation of our core platform to its customers.”

FIS is a provider of technology solutions for merchants, banks and capital markets firms globally. It works on advancing payments, banking and investing by applying its scale, expertise and data-driven insights. The Jacksonville-based company helps its clients use technology to solve business-critical challenges.

First Republic is based in San Francisco, providing private banking, private business banking and wealth management services. Presently, the bank has over $110 billion in banking assets, $140 billion of wealth management assets, and is a member of the S&P 500 Index.

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