Jacksonville, Fla.-based Fidelity National Information Services (FIS), a provider of processing and technology solutions for financial institutions, and Microsoft Corp. (Redmond, Wash.), have agreed to make up-to-date financial news from MSN Money available on client Web sites.
Under terms of the agreement, client financial institutions utilizing FIS' Web-hosting services will have an opportunity to access content from four MSN Money authors, providing the institutions' customers with current financial news, commentary and advice.
By making this relevant financial news available, FIS and Microsoft are innovatively driving activity to the financial institution's Web site -- enabling these clients to provide their customers with information needed to weather the turbulent economic conditions while serving as a trusted source of up-to-date financial news. Consequently, financial institutions anticipate that the increased time spent by customers reviewing financial news on their Web site will result in increased usage of the online banking channel and other online financial services.
"The provision of timely and vital financial news is a valuable information resource to the financial online community," said Chris Jolley, group manager for the Financial Products Group at Microsoft. "As banking customers grow increasingly savvy in seeking out financial information and controlling their financial destiny, Microsoft and FIS teaming to provide this up-to-date financial news is a particularly innovative way to provide this valuable service."
"With the growth of online banking services, financial institutions have a compelling reason to offer this valuable service to their customers," said Anthony Jabbour, executive vice president for FIS Core Processing and eBanking. "By providing this timely and vital financial information, banking customers can increasingly rely on an institution's online service offerings as trusted, centralized sources to manage personal finances. We're happy to collaborate with Microsoft in offering this exciting new chapter in the integration of banking, Web technology and financial news."