Barclays US Consumer Bank Extends Core Banking Partnership with FIS

Barclays US Consumer Bank announced a multi-year extension of its core banking agreement with FIS, the global financial technology provider. The partnership centers on FIS Profile, a cloud-ready core banking platform capable of real-time, multi-currency processing of deposits, accounts, and balances. Barclays will use the platform to support continued growth in its online retail deposits business.

FIS Profile currently serves as the money-at-rest engine for roughly 30 digital banks worldwide, making it a significant infrastructure layer in the BaaS and digital banking ecosystem. Financial terms of the extension were not publicly disclosed. The renewed agreement underscores the ongoing reliance of major banks on specialized fintech infrastructure providers for core deposit operations and digital transformation.