Transaction Processing Systems
Profile Achieves New Performance Benchmark on Industry-Leading Technology Platform
JACKSONVILLE, Fla. - Fidelity National Information Services, Inc. (FIS), a worldwide leader in processing and technology solutions for financial institutions, today announced new performance benchmarks for FIS' Profile core banking application, operating on one of the market's newest technology platforms created through FIS' go-to-market alliance with leading technology providers Red Hat, Intel and HP.
On this market-leading technology stack consisting of the latest HP ProLiant DL580 G5 server platform, featuring Intel 7300 series quad core processors; Red Hat Enterprise Linux operating system and Cisco Systems networking infrastructure, Profile's performance was benchmarked at more than 3,200 online banking transactions per second on a 25-million-account database. The real-time core banking solution also processed 25 million interest accruals and balance accumulation updates at a rate exceeding 25,800 transactions per second, or more than 93 million transactions per hour.
"As demonstrated in these benchmark results, Profile continues to surpass performance and scalability standards throughout the financial services market, exceeding the capacity requirements of 99-plus percent of the banking market on a single mid-range configuration," said Frank Sanchez, president of FIS' Enterprise Solutions division. "It also showcases one of the industry's lowest total-cost-of-ownership systems in the market today."
The tightly engineered market alliance among FIS, Red Hat, Intel and HP and the resulting technology platform are distinctive not only because they create one of the best business-continuity models in the industry, but because they also create a packaged, validated and certified configuration that is generally available across all components.
"By bringing together these powerful components of the overall solution, this alliance highlights the performance, the availability and the operational completeness of the solution," said Sanchez. "This unique alliance and the impressive total-cost-of-ownership advantages it brings to the financial services markets directly support our ongoing thought leadership toward promoting new technology solutions to meet emerging market needs and our joint commitment to providing the industry with the lowest total cost of ownership of any banking platform system."
Robert Hunt, research director in the Retail Banking Practice at TowerGroup, believes that a compelling business case exists for midtier banks to implement a single, integrated core banking system that utilizes a low-cost operating platform.
"Most midtier banks continue to process their core systems using best-of-breed mainframe-based systems developed in the 1980s," said Hunt. "The hardware and software savings achievable by modernizing the core processing environment can provide banks with a significant cost advantage."
Profile is FIS' premier real-time, multicurrency core banking system that supports hundreds of institutions around the world, ranging from de novo startups to top-tier global banks. Companies using Profile as their core banking system experience industry-leading total-cost-of-ownership benefits based on lower infrastructure costs, ongoing operating costs and increased productivity.
About Fidelity National Information Services
Fidelity National Information Services, Inc. (NYSE:FIS) is a leading provider of core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top 10. Approximately 50 percent of all U.S. residential mortgages are processed using FIS software. FIS is a member of Standard and Poor's (S&P) 500® Index and has been ranked the number one banking service provider in the world by American Banker and the research firm Financial Insights and the number one overall financial technology provider in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 10,000 financial institutions in more than 80 countries worldwide. For more information on Fidelity National Information Services, please visit www.fidelityinfoservices.com.
For additional information contact:
Michelle Kersch, Sr. VP
Marketing and Corporate Communications
Marketing Communications
Phone: 904-854-5043
Email: michelle.kersch@fnis.com
