A wing of Fidelity National Financial, Inc. namely FIS (Fidelity Information Services) has announced its decision to sign a pact with Paradigm Quest in Toronto to supply ASP processing services and software.

A banking application Fidelity Profile(TM) will be implemented by Paradigm as a part of the deal. This supports customer, lending, product build, payment functionality and deposit for the new retail-banking environment. Apart from supporting a wide range of mortgage and lending products, fixed and revolving unsecured credit, it also supports home equity lines of credit from a unique platform.

Paradigm spokesman justified their tie up with FIS, saying the products and services by FIS provided the firm with a solution provider that uses proven technology and could help to rapidly launch, create and improve the latest processes. He also added that the commercial deal was also worthy enough of a long-term tie up.

Experts believe that the deal would be a big gain for Paradigm, as it enables them working freedom on an integrated platform rather than a third party piece-by-piece process.

The elated authorities of the FIS were quoted saying that Paradigm is to gain significantly from the solutions and services, having better flexibility with capital and enabling it to create a booming business.