Fidelity National Information Services, Inc. reports developments in financial technology services for banks, financial institutions, businesses and developers. News commonly covers core banking and payments platforms, issuer processing, SaaS reconciliation through FIS Data Integrity Manager, asset servicing tools such as FIS Proxy Voting by Proxymity, and digital money products including Lyriq for tokenized deposits and digital currencies.
Company updates also include client selections, technology partnerships, AI agents for financial-crimes and AML workflows, quarterly results, outlook commentary, dividends, and the integration of completed portfolio actions such as the Issuer Solutions acquisition and Worldpay exit.
FIS HORIZON has been recognized by Celent in its latest North American retail banking core systems report, winning the Advanced Technology Category of the XCelent Awards. HORIZON was also deemed a “Luminary” within Celent’s Technical Capability Matrix. FIS, a global leader in financial technology, highlighted that this recognition continues the awards momentum, following three XCelent Awards last year.
HORIZON's Advanced Technology category win is attributed to its agility, customizability, and scalability, which drive deposit growth and wallet share for clients. Celent's ABC scoring methodology measures advanced technology, breadth of functionality, and client base and service. Melissa Cullen, Head of Core Banking Solutions at FIS, emphasized the company's ongoing investments in HORIZON to redefine core banking and create a more streamlined and agile environment.
The platform is geared for community banks, offering an intuitive, customer-centric design that combines banking functionality with a modern user experience. It provides comprehensive security and a flexible, scalable architecture. According to Celent’s Principal Analyst Craig Focardi, HORIZON remains a reliable and popular choice, adding more clients than any other core system since the last report, even amid sector consolidation.
FIS announced the recognition of its latest cohort at the 2024 FIS Fintech Accelerator Innovation Day, held on November 13 in Jacksonville. The event featured nine growth-stage fintech companies, showcasing innovative solutions aimed at harmonizing the money lifecycle. Two companies, Prelim and MoneyKit, received the Audience Choice Award for their standout technologies. Prelim offers a no-code platform for digitizing customer onboarding, while MoneyKit connects bank data to over 15,000 types of accounts, facilitating seamless financial transactions. The cohort's participation in a 12-week immersive initiative led to the development of nine proofs of concepts (POCs), which are moving forward with plans to be finalized this year. FIS emphasized its commitment to advancing financial technology and supporting fintech startups through its accelerator program, which offers infrastructure, a vast distribution network, and subject matter expertise.
FIS (NYSE: FIS), a leading financial technology company, has announced its participation in the UBS Global Technology and AI Conference on Wednesday, Dec. 4, 2024, at 11:35 a.m. (MST). The presentation will be accessible via live audio webcast and replay through the Investor Relations section of FIS' website.
FIS specializes in providing financial technology solutions across the money lifecycle, serving financial institutions, businesses, and developers. The company focuses on advancing payment, banking, and investment systems while helping clients operate, expand, and secure their businesses. Based in Jacksonville, Florida, FIS is a constituent of both the Fortune 500 and S&P 500 indices.
FIS (NYSE: FIS) launches a new global brand campaign titled 'Unlocking Financial Technology: Bringing the World's Money into Harmony.' The multi-million dollar campaign introduces the concept of money lifecycle, which includes Money at Rest (storing), Money in Motion (payments), and Money at Work (investing). The campaign will be featured across CNBC, Axios, The Wall Street Journal, and The Financial Times, targeting key markets in the US, UK, and APAC regions. The initiative aims to demonstrate FIS's role in transforming modern financial operations through integrated technology solutions.
FIS (NYSE: FIS) announces collaboration with Oracle to enhance billing and payment capabilities for utility customers. The FIS BillerIQ solution, running on Oracle Cloud Infrastructure (OCI), will modernize utility bill management by enabling electronic bill delivery and digital payments. The partnership addresses the current inefficiency where 75% of organizations still use paper checks, offering multiple payment options including ACH, credit, debit, Realtime Pay, and digital wallets. The solution aims to provide a seamless experience from meter consumption to payment, helping utility companies stay competitive while offering customers greater convenience.
FIS, a leading global financial technology company listed on the NYSE, has announced its participation in the 2024 KBW Fintech Conference. The company's presentation is scheduled for Thursday, November 14, 2024, at 2:55 p.m. EST. Interested parties can access both the live audio webcast and a replay through the Investor Relations section of FIS' website at www.fisglobal.com.
FIS reported strong Q3 2024 results with revenue increasing 3% to $2.6 billion. GAAP Diluted EPS rose 7% to $0.45, while Adjusted EPS grew 49% to $1.40. Banking Solutions revenue increased 3% to $1.8 billion, and Capital Market Solutions revenue grew 8% to $730 million. The company repurchased $500 million of shares in Q3, bringing year-to-date repurchases to $3.0 billion. Following these results, FIS raised its full-year outlook, with adjusted EPS guidance increased to $5.15-$5.20.
FIS has appointed Kourtney Gibson to its Board of Directors, expanding the board from nine to ten members, with nine being independent directors. Gibson brings extensive experience in capital markets and financial services. She is the fourth independent director to join since 2022, following Lee Adrean, Mark Benjamin, and Nicole Anasenes. The appointment aligns with FIS's commitment to maintaining an optimal mix of director skills to drive shareholder value. Gibson's expertise in fixed income and equity markets, along with her track record in delivering financial solutions to institutional investors, is expected to contribute to FIS's strategic objectives.
FIS, a global financial technology leader, has declared a quarterly dividend of $0.36 per common share. The dividend will be paid on December 23, 2024, to shareholders of record as of December 9, 2024. FIS specializes in providing financial technology solutions to institutions, businesses, and developers, focusing on payments, banking, and investment services. The company is a member of both the Fortune 500® and S&P 500® Index.
FIS, a global financial technology leader, has driven an IDC Real Results award win for the United Nations High Commissioner for Refugees (UNHCR) in the Trade and Treasury category. UNHCR selected FIS as its treasury technology modernization partner, leveraging multiple FIS solutions including Payment Hub, Treasury and Risk Manager, and Bank Account Manager.
This integration has helped UNHCR increase cash and risk visibility, better manage over 400 bank accounts, and simplify global payments processing. As a result, UNHCR can now deliver payments faster and easier to refugees and humanitarian aid suppliers worldwide. The implementation has enhanced traceability and accountability of treasury transactions, saved time through standardization and automation, and enabled accurate cash flow forecasting.
This marks UNHCR's second treasury transformation award, following their EuroFinance Treasury Excellence award for Technology Transformation.