Long-time client expands FIS relationship by selecting FIS transfer agent solution to service accounts related to a recent acquisition.
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Nov. 21, 2019--
Victory Capital has selected a leading-edge transfer agent solution from FIS™ (NYSE: FIS), a global leader in financial services technology, to service new accounts related to a recently completed acquisition. Under a significant contract expansion with this long-term client, FIS will provide Victory Capital with a modern, 24/7, real-time mutual fund processing and recordkeeping platform delivered through a business process-as-a-service model to service its newest asset management customers.
In addition to the platform, Victory Capital and its customers will receive day-to-day transfer agency services from FIS including transaction processing, shareholder servicing, dealer services and compliance support from a seasoned operations team.
“Our top priorities are to provide continued top-quality investment services to our new fund shareholders and to support future growth, so selecting the right partner and platform was key,” said Michael Policarpo, President, Chief Financial Officer and Chief Administrative Officer for Victory Capital. “Given our long history of working with FIS and their proven track record of innovation and service quality, we are confident that we have chosen the right partner to enhance our services for our newest customers.”
“Our work with Victory Capital over the years is an example of true partnership for the benefit of the firm’s customers,” said Martin Boyd, president of Capital Markets Solutions at FIS. “We look forward to serving the new Victory Capital fund shareholder base and providing them with innovative, cost-effective and high-quality transfer agency services.”
FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index. To learn more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn and Twitter (@FISGlobal).
View source version on businesswire.com: https://www.businesswire.com/news/home/20191121005080/en/
Source: Fidelity National Information Services
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