Posted August 25, 2020
ClearEdgevFIS has launched a new subscription-based core banking solution aimed at community banks in the US.FIS wants community banks to access “advanced technology”The new service, named ClearEdge, offers a bundle of pre-integrated technologies. The vendor will charge an “affordable” month-to-month subscription for access to the package.Qualifying banks can choose from pre-defined and pre-priced solutions. These include core processing, payments, digital front office, and compliance.FIS head of global core and channels for the Americas, Rob Lee, says his firm understands the “unique challenges” of the community bank market.FIS says it will protect ClearEdge clients with its service level agreement, which covers select service outages.A survey from the Conference of State Bank Supervisors (CSBS) in 2019 says only 6% of bankers feel it’s very important to be a leader in technological change.Despite this, more than half said that market competition was a major factor in any failure they may have to attract and retain customers.
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