Fidelity Natl Information Svcs Stock Price, News & Analysis

FIS, a global financial technology leader, has announced a partnership with Neural Payments to enhance peer-to-peer (P2P) payment capabilities for its clients. The collaboration leverages FIS's NYCE debit rails and global scale to simplify P2P transactions. Key features include:

1. Integration within institutions' mobile banking apps, eliminating the need for separate P2P applications.
2. Recipients can accept funds even if their institution doesn't use Neural Payments.
3. Payments can be settled via mobile wallets, debit cards, FedNow, and The Clearing House RTP.
4. The P2P market is projected to grow from $2.21 trillion in 2022 to $11.62 trillion by 2032.

This partnership aims to streamline money movement for the increasingly digital consumer and is available for immediate use by financial institutions of all sizes.

FIS reported strong Q2 2024 results, raising its full-year outlook. Revenue increased 3% on a GAAP basis and 4% on an adjusted basis to $2.5 billion. GAAP Diluted EPS was $0.43, while Adjusted EPS rose 79% to $1.36. Adjusted EBITDA margin expanded 110 basis points to 40.1%. The company repurchased $1.1 billion of shares in Q2 and announced a new $3 billion share repurchase authorization.

Banking Solutions revenue grew 3% to $1.7 billion, while Capital Market Solutions revenue increased 7% to $722 million. FIS remains committed to shareholder returns, targeting $4.0 billion in share repurchases for 2024. The company raised its full-year revenue outlook and increased its adjusted EPS outlook to $5.03 - $5.11.

FIS, a global financial technology leader, has announced a partnership with Curinos, a data intelligence company, to enhance deposit optimization for clients using FIS' IBS and HORIZON core banking platforms. This collaboration aims to help financial institutions achieve deposit goals, maintain resilience against economic challenges, and offer competitive interest rates to customers.

The partnership addresses obstacles faced by financial institutions, including fluctuating interest rates, regulatory demands, and slowing deposit growth. By leveraging Curinos' data-driven tools, FIS clients can make more informed and profitable decisions. Curinos clients have typically outperformed non-users, experiencing deposit pricing advantages as high as 15bps in various rate environments.

This alliance is part of FIS' strategy to provide innovative, data-driven solutions to regional and community banks, helping them compete effectively in changing market conditions. The collaboration combines FIS' robust customer relationships with Curinos' deposit data and optimization capabilities, empowering clients to achieve their funding goals more efficiently.

FIS (NYSE: FIS), a leading global financial services technology provider, has declared a regular quarterly dividend of $0.36 per common share. This dividend will be payable on September 24, 2024, to shareholders of record at the close of business on September 10, 2024. The announcement demonstrates FIS's commitment to returning value to its shareholders through consistent dividend payments.

FIS (NYSE: FIS), a global leader in financial technology, has been recognized by CNBC as one of the world's top 250 fintech companies for the second consecutive year. The selection was made from 2,000 eligible companies, recognizing FIS in the Banking Solutions category. This acknowledges FIS's innovative, tech-enabled finance-related products and services.

John Durrant, President of Banking Solutions at FIS, highlighted the company's vision to unlock financial technology for the world, emphasizing their efforts in protecting money at rest, facilitating money in motion, and optimizing money at work.

This year, FIS launched its Open Access platform to enhance secure open banking and introduced Atelio™ and Digital One™ Flex Mobile 6.0. Atelio™ provides building blocks for embedding financial services, predicted to grow significantly by 2026. Digital One™ Flex Mobile 6.0 enhances mobile banking capabilities and customer loyalty.

Furthermore, FIS CEO Stephanie Ferris was named American Banker's Most Influential Woman in Fintech for 2024.

FIS (NYSE: FIS), a global leader in financial technology, has announced that it will release its second quarter 2024 financial results on Tuesday, August 6, 2024, before the market opens. The company will host a live webcast of its earnings conference call with the investment community at 8:30 a.m. EDT on the same day.

Investors and interested parties can access the webcast through the Investor Relations section of FIS' official website, www.fisglobal.com. For those unable to attend the live event, a replay of the webcast will be made available after the conclusion of the call.

FIS, a global financial technology leader, has launched its new Securities Finance Matching Platform in the UK. This innovative solution uses smart automated matching technology to facilitate secure, scalable, and cost-effective straight-through processing of securities finance trades. The cloud-native platform aims to enhance market resilience by providing an additional route to market, mitigating single-point-of-failure risk.

The platform addresses challenges in the securities finance market by automating the evaluation of multiple factors involved in securities trading, including fee rates, capital requirements, and transaction costs. This automation helps customers achieve greater market depth and liquidity while improving risk management. FIS plans to expand the platform to EU and U.S. markets, pending regulatory approvals.

FIS has launched SMB Digital Lending, a cloud-native solution aimed at streamlining small business loan processes for financial institutions. Developed in partnership with Lendio, this solution leverages advanced data analytics and machine learning to help banks profitably source, underwrite, and fund loans of any size to small and medium-sized businesses (SMBs).

Key features include:

• Fully automated decisioning and loan boarding
• Embedded transaction analytics for holistic borrower health assessment
• Pre-qualification of SMB depositors
• Integration with existing technology stacks

The solution aims to reduce barriers and costs for SMBs seeking funding in a challenging economic environment, while helping banks generate additional revenue growth.

FIS's Post Trade Processing Platform has clinched three prestigious awards across North America, Europe, and APAC. The cloud-based SaaS platform, which streamlines workflows by integrating middle-office, accounting, settlement, securities lending, collateral management, and treasury functions, addresses post-trade challenges with real-time, scalable solutions. It was honored as the Best Sell Side Back Office Platform by Waters Technology in its 2024 Sell-Side Technology Awards, Best Back-Office Platform in the 2024 Waters Technology Asia Awards, and Best Innovation in a Clearing & Settlement Solution by FTF News Technology Innovation Award for 2024. These accolades recognize its excellence in operational efficiency, transparency, innovation, regulatory compliance, and risk management. The platform supports a wide range of asset classes and is available globally, helping financial institutions reduce costs, minimize risks, and optimize their post-trade processes.