Fidelity National Financial today announced the release of FIS Information Server 5.0, an Enterprise Information Integration (EII) tool that consolidates financial data to provide a client-centric view to a financial institution’s wealth management applications.
FIS Information Server 5.0 aggregates data from multiple back office systems and links to established service providers such as ADP, National Financial and NSCC. This provides a consolidated view of client holdings, including current and historical position, trade, bookkeeping and account balance information.
This enables organizations to establish information about the relationship between different accounts, registration types and other account holders and delivers that information to any front office wealth management application.
“The key to a successful enterprise-wide wealth management strategy is the ability to internally aggregate account data from across the financial institution and understand the relationship between them and the activity they produce,” said Gordon Conlin, president of FIS Wealth Management. “A complete and accurate client view improves a firm’s ability to adhere to privacy legislation, KYC, breakpoint and other compliance issues, reducing penalty costs and improving customer service.”
FIS Information Server 5.0 is XML-based, supports real-time or batch feeds simultaneously, and can scale to support more than 1 million transactions per hour.
Fidelity National Financial provides products and outsourced services and solutions to financial institutions and the real estate industry.
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