TACOMA, Wash., June 12, 2018 (GLOBE NEWSWIRE) -- Spectrum Pension Consultants, Inc. (Spectrum), is honored to have been recognized by FIS, a global leader of financial technology, for innovation in the 2018 FIS Impact Awards.

The FIS Impact Awards, independently judged by leading industry analyst research group Celent, recognizes organizations that are using FIS technology or services in innovative ways, to better serve their customers and drive tangible business results.

“Spectrum is committed to technology innovation and enabling our clients to realize significant value through the relationship with our firm,” said Petros P. Koumantaros, Spectrum CEO. “We are incredibly grateful to FIS for the recognition, collaborative partnership, and their philanthropic program.”

FIS recognized Spectrum’s innovative use of technology to simplify origination and servicing of individual retirement accounts (IRAs). The solution, developed to meet the needs of a key Spectrum client, allows individual investors to originate and manage IRAs online. The solution has allowed Spectrum’s client to grow its IRA business, while significantly reducing account origination times and telephone support requests.

For each honoree, the FIS Foundation donated $10,000 in the honoree’s name to charitable organizations designated by the award winner. Spectrum is thrilled to have designated $5,000 for the American Cancer Society and $5,000 for the Pano Koumantaros Cancer Research Fund, which is named after Spectrum's founder who tragically died from bladder cancer in 2005.

“Spectrum is thrilled to donate $5,000 for the American Cancer Society and $5,000 for the Pano Koumantaros Cancer Research Fund,” said Yannis P. Koumantaros, Spectrum CFO and son of the founder. “We are incredibly proud of our team’s innovative approach to technology to better serve our clients and community.”

About FIS

FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 53,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com.

About Spectrum Pension Consultants, Inc.

Spectrum is a B2B consulting firm, which delivers products and services related to 401k/DC plan recordkeeping, benefit plan design, retirement plan administration, and business solutions. Founded in 1978 and headquartered in Tacoma, Washington, Spectrum’s consultants have worked for thousands of employer organizations throughout the United States. For more information about Spectrum, visit www.spconsultants.com.

Follow Spectrum on Facebook (facebook.com/Spectrum1978), LinkedIn (linkedin.com/company/spectrum-pension-consultants-inc.), and Twitter (@SpectrumB2B).

CONTACT: Yannis Koumantaros, 253.565.2100, ext 258

A video accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/9f057099-2449-4e1c-81c1-138dc0f4c214