National Bank Holdings calculates core software overhaul at $3.7 million
National Bank Holdings (NBH), a US-based holding company of a group of local community banks, has gone through a major technology overhaul with FIS.
The group, which comprises three banks, has implemented FIS’s core banking system, IBS, online and mobile banking applications and a cheque imaging system, Check Image.
In its latest quarterly results, NBH says it incurred “$3.7 million of one-time expenses related to the core system conversion”.
$1.4 million was spent on telecommunications and data processing.
NBH’s banks are Bank Midwest in Kansas and Missouri, Hillcrest Bank in Texas and Community Banks of Colorado. Together, they form a network of 97 outlets. The banks reside under the group umbrella, NBH Bank.
NBH Bank also offers commercial finance, energy banking, food and agribusiness banking, and government and non-profit financing.
The contract with FIS was signed in late 2014.
The IBS solution (the acronym stands for Integrated Banking Services) stems from another US developer, Metavante, which was acquired by FIS in 2009.