Barclays and FIS Extend Partnership Supporting Bank's Online Deposits Growth

Key Terms

core banking platform technical

A core banking platform is the central software that processes a bank’s everyday operations — accounts, deposits, withdrawals, payments, loans and customer records — similar to the operating system of a computer or the engine of a car. Investors care because this platform determines how efficiently a bank runs, how fast it can add new products, control costs, meet regulatory rules and scale for growth; a modern, reliable platform can directly affect profitability, risk and customer satisfaction.

real-time data streaming technical

Real-time data streaming is the continuous delivery of fresh information as it is generated, like watching a live video feed instead of checking a snapshot from earlier. For investors this matters because access to up-to-the-second prices, news, and metrics lets them make faster, better-timed decisions and manage risk more effectively; however it also demands reliable systems and can increase noise that must be interpreted carefully.

ai-powered insights technical

Automated analysis produced by software that scans large amounts of data to identify patterns, trends, or actionable signals about companies, markets or products. For investors it matters because it can surface timely opportunities or risks that would be hard for a person to spot — like a fast assistant that flags sudden changes in sales, news tone, or operating metrics — helping inform quicker, more evidence-based decisions.

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Key Facts:

• Barclays US Consumer Bank and FIS have signed a multi-year extension of their core banking agreement, selecting Profile to power the bank's deposit growth strategy.
• FIS Profile powers money at rest for approximately 30 direct and digital banks globally, including many of the leading digital banks in the United States.

WILMINGTON, Del. & JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Barclays US Consumer Bank, a leading digital banking partner, and FIS® (NYSE: FIS), a global leader in financial technology, today announced a multi-year extension of their core banking partnership agreement, supporting the bank's retail deposits growth ambitions and continued focus on modernizing its digital platforms and capabilities.

As part of the agreement, Barclays will deploy the FIS Profile service, a cloud-ready, high-performance core banking platform that manages money at rest – deposits, accounts, and balances - while delivering real-time, multi-currency processing that reduces risk, costs and time to market.

FIS Profile's open architecture enables real-time data streaming, seamless integration with consumer-facing channels, and the flexibility to connect best-fit solutions across Barclays advanced technology ecosystem.

Over the past decade, Barclays has seen tremendous growth in its online deposits business in the United States through award-winning savings products, including its innovative tiered savings program. The bank’s suite of online savings and Certificate of Deposits (CDs) products supports the broader banking needs of its 25 million co-branded credit card cardmembers across 20 of America’s best-loved travel and retail brands.

"As we expand our deposits business and bring new products to market, we have invested in digital capabilities and are simplifying our processes to create a better customer experience," said James Capolongo, Head of Banking, Barclays. "With over $25 billion on deposit, we require a core platform that can scale with us to best serve our customers as the leading digital banking partner in the US.”

"As Barclays positions itself for its next phase of growth, FIS is helping the bank to unlock quick, measurable value throughout its modernization program." said Andrew Beatty, Head of Global Banking Cores, FIS. “From faster product innovation to smarter, AI-powered insights and reducing risk along the way, FIS and Barclays are stepping boldly into the future. After all, modernization isn’t a destination; it’s a continuous journey.”

About FIS

FIS is a financial technology company providing solutions to financial institutions and businesses. We unlock financial technology to the world across the money lifecycle underpinning the world’s financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients to confidently run, grow, and protect their businesses. Our expertise comes from decades of experience helping financial institutions and businesses of all sizes adapt to meet the needs of their customers by harnessing where reliability meets innovation in financial technology. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor’s 500® Index.

To learn more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn and X.

About Barclays

Barclays US Consumer Bank is a leading digital banking partner that provides award-winning credit card, personal loan and savings products to more than 25 million consumers. As one of the fastest-growing U.S. credit card issuers, the bank creates highly customized programs that drive customer loyalty for some of America's best travel, retail and affinity brands. Member FDIC. For more information, please visit www.BarclaysUS.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260414429862/en/

For More Information
Nicole Alley
Vice President
FIS Global Marketing and Communications
904.438.6278
Nicole.Alley@fisglobal.com

Lauren Pozmanter
US & Corporate PR Lead
FIS Global Marketing and Communications
631.827.7963
Lauren.Pozmanter@fisglobal.com

George Caudill
VP, Media Relations
Barclays US Consumer Bank
george.caudill@barclays.com

Source: Fidelity National Information Services