™ (NYSE: FIS), the world’s largest provider of banking and
payments technology, today announced it has signed several
new multi-year agreements for its ® wealth management
platform. ST Wealth Management/Stewart Capital Advisors is
just one of several new clients set to deploy FIS’
TrustDesk in early 2012.

Founded in 1902 in Indiana, Pa., ST Bank operates offices
within Allegheny, Armstrong, Blair, Butler, Cambria,
Clarion, Clearfield, Indiana, Jefferson and Westmoreland
counties. ST Bank’s focus on customer relationships and
relationship banking has allowed it to build strong ties
with its customers and community, enabling it to formulate
plans to exceed its customers’ goals.

In addition to ST Bank, Berkshire Bank of Pittsfield,
Mass., has also elected to deploy FIS’ TrustDesk technology
as well as trust operations and back-office outsourcing

These firms selected FIS because of its proven ability to
deliver comprehensive wealth management offerings that
enable efficient management of fiduciary, advisory and
institutional client relationships. TrustDesk provides
support for client relationship management, client
reporting and Web access, portfolio management, investment
performance measurement, compliance and retirement
distributions as well as automated multi-custodial
held-away account processing and reporting. FIS also
provides full trust operations and back-office outsourcing
services. Wealth management front-office and investment
management automation are delivered through TrustDesk and

“The level of integration offered by the complete wealth
management platform through FIS allows us the significant
efficiency of managing both our traditional trust business
and our advisory business on a single common platform,
while addressing the unique requirements of each business
line,” said Malcolm Polley, executive vice president and
managing director, ST Wealth Management. “The broader
corporate relationship between ST Bank and FIS also
benefits the trust and wealth management business by
streamlining vendor management and leveraging shared

“Intuitive navigation and comprehensive browser-based
functionality are the foundations of FIS’ industry-leading
wealth management platform,” said Anthony Jabbour, executive vice
president, FIS Financial Solutions Group. “Diverse
financial institution clients utilize TrustDesk for
efficient management of their front, middle and back-office
operations, allowing them to provide superior service to
their current clients and attract new clients. We’re
excited to see such positive momentum for our wealth
management solutions in 2012.”

About FIS
FIS (NYSE: FIS) is the world’s largest global provider
dedicated to banking and payments technologies. With a long
history deeply rooted in the financial services sector, FIS
serves more than 14,000 institutions in over 100 countries.
Headquartered in Jacksonville, Fla., FIS employs more than
32,000 people worldwide and holds leadership positions in
payment processing and banking solutions, providing
software, services and outsourcing of the technology that
drives financial institutions. First in financial
technology, FIS tops the annual FinTech 100 list, is ranked
third on the Barron’s 500, 426 on the Fortune 500 and is a
member of Standard Poor’s 500® Index. For more
information about FIS, visit

Forward-Looking Statements
This news release contains forward-looking statements that
involve a number of risks and uncertainties. Statements
that are not historical facts, including statements about
our beliefs and expectations, are forward-looking
statements. Forward-looking statements are based on
management’s beliefs, as well as assumptions made by,
and information currently available to, management. Because
such statements are based on expectations as to future
economic performance and are not statements of fact, actual
results may differ materially from those projected. We
undertake no obligation to update any forward-looking
statements, whether as a result of new information, future
events or otherwise. The risks and uncertainties which
forward-looking statements are subject to include, but are
not limited to: changes in general economic, business and
political conditions and other risks detailed in the
“Statement Regarding Forward-Looking Information,” “Risk
Factors” and other sections of the Company’s Form 10-K and
other filings with the Securities and Exchange Commission.

For More Information:

Marcia Danzeisen, SVP, FIS Global Marketing and
Phone: 904.438.6083, Email:

Mary Waggoner, SVP, FIS Investor Relations
Phone: 904.438.6282, Email: 


Wednesday, February 29th, 2012 EN

No comments yet.

Leave a comment

You must be logged in to post a comment.