FIS Sells Missouri Bank and Trust on IBM i Solution

February 15, 2011 Alex Woodie

Fidelity National Information Services (FIS) last week announced that it has sold a license for the IBM i-based HORIZON core banking system to Missouri Bank and Trust. The bank was one of 25 new HORIZON customers that FIS signed in 2010, the software company says.

Missouri Bank and Trust is a 120-year-old institution that provides banking services to businesses and consumers in the Kansas City area through three branches and ATMs. The bank provides checking and saving accounts, and lending for businesses, mortgages, automobiles, and commercial real estate.

In addition to the core HORIZON system, Missouri Bank and Trust will run several add-on components from FIS, including e-banking, bill payment, and mobile banking, and use FIS’ check image processing and debit card processing services.

FIS has been doing well with HORIZON over the last couple of years. In 2009, the Jacksonville, Florida, company announced it landed 16 deals for the banking platform, which competes with other IBM i-based offerings from Fiserv and Jack Henry & Associates.