FIS launches ClearEdge, a subscription-based core banking solution for Community banks

By Pavithra R

Financial services technology company FIS has unveiled a new subscription-based core banking solution ‘ClearEdge’, that speeds and simplifies access to the advanced technology that banks require to compete and serve customers to succeed in the post-pandemic marketplace.

ClearEdge offers community banks a pre-integrated, comprehensive bundle of technologies for operating a highly efficient, modern bank and providing a superior customer experience within an affordable, flat-fee, month-to-month subscription model. Qualifying banks can opt from pre-defined, pre-priced bundled solutions comprising a range of payments processing, core processing, image and item processing, decision intelligence, digital functionality, and regulatory compliance technologies.

“As a company with its roots in serving community banks, FIS understands the unique challenges these organizations are facing in positioning themselves for success amidst the current pandemic. We are committed to making it as easy as possible for our qualifying community bank clients to access the advanced technology they need to offer modern, differentiated products and services to their customers,” said Rob Lee, head of Global Core and Channels, Americas, at FIS.

ClearEdge leverages FIS’ new simplified contracting and pricing model to streamline the contracting process for community banks with limited resources. Its core banking contracts provide optimal flexibility with no required term lengths, liquidated damages, and exclusivity requirements with clearly defined fees around deconversion services.

“ClearEdge takes that commitment to the next level with a powerful offering that we believe will be a game-changer for many community banks,” added Lee.

Recently, FIS doubled cloud-based applications covered by the Service Level Agreement.

Established since 1968, FIS is a provider of technology solutions for merchants, banks, and capital markets firms globally. FIS is a Fortune 500 company and is a member of Standard & Poor’s 500 Index.