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 (NYSE: FIS), a global leader in financial technology, has announced that it will release its third quarter 2024 financial results on Monday, November 4, 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. (EST) on the same day. 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 its conclusion.
FIS, a global financial technology leader, has partnered with Fulham Football Club to create an innovation centre called Markers, presented by FIS at the new Fulham Pier. This state-of-the-art suite will support Fulham's vision of a dynamic and inclusive destination for business leaders in West London. The Fulham Pier, part of the redevelopment of Fulham's riverside stand, is set to become London's newest riverfront destination.
The Markers suite will host industry events, client conferences, and provide a space for collaboration and idea-sharing to foster business growth across the money lifecycle in the UK and beyond. It will also serve as an EMEA hub for FIS' FinTech Accelerator Program and host the InnovateIN48 experiential development competition.
As part of its commitment to community growth, FIS has pledged £25,000 to Fulham FC Foundation to empower over 100 young individuals aged 11-30 with qualifications for employment, education, and training opportunities.
FIS, a global financial technology leader, has released findings from a comprehensive U.S. consumer research study examining generational relationships with financial institutions. The study reveals a significant shift in how younger generations seek financial advice, with social media becoming the primary source for Gen Z and Millennials. This trend poses challenges for traditional banks in maintaining their authority on personal finances.
Key findings include:
- 40% of Gen Z and 36% of Millennials learn about finance from social media
- 68% of Gen Z and Millennials consider money a major emotional stressor
- 41% of Americans believe they could only invest if they won the lottery
- 55% worry they will never be able to retire
The study also highlights opportunities for banks to bridge the trust gap by offering personalized, data-driven solutions and innovative tools to support consumers in making informed financial decisions.
FIS (NYSE: FIS), a global financial technology leader, has appointed Nicole Anasenes to its Board of Directors. This appointment increases the board size from eight to nine directors, with eight being independent, including Ms. Anasenes. Jeffrey Goldstein, Independent Chairman of the Board, praised Anasenes' financial and operational expertise from her distinguished career in startups and large enterprises. Her experience as a CFO and COO in public and pre-IPO companies has consistently delivered growth in enterprise software, services, and consumer technology sectors.
Stephanie Ferris, FIS Chief Executive Officer and President, expressed enthusiasm about working with Anasenes to execute the company's strategic plan and drive long-term shareholder value. The appointment is expected to bring valuable insights to FIS as they pursue their strategic growth objectives.
FIS, a global leader in financial technology, has won two prestigious awards at the 2024 PayTech Awards USA. FIS Integrated Payables was named Best Business Payments Solution, while Seamus Smith, FIS Group President of Automated Finance, received the PayTech Leadership - At the Helm Award.
FIS Integrated Payables is a frictionless solution that simplifies accounts payable processes through automation, payment visibility, and enhanced remittance detail. It accepts a single payment file from a company's ERP system, streamlining AP processing and account reconciliation.
Seamus Smith's recognition celebrates his contributions to the payments industry and strategic leadership at FIS. Under his guidance, the FIS Automated Finance suite has developed next-generation solutions for accounts payable, accounts receivable, biller management, and revenue optimization, positioning FIS as a leader in the $1.1 trillion business-to-business payments market.
FIS has launched its Digital Trading Storefront, a scalable online platform that revolutionizes cross-asset trading. This innovative solution enables banks, brokers, market makers, and fund managers to offer customers a differentiated digital trading experience across various asset classes and markets.
The platform enhances FIS' existing Cross-Asset Trading and Risk Platform with digital features for hyper-personalization and real-time trade execution. Built using advanced APIs, it provides flexibility for firms to integrate their own components and customize branding. The Digital Trading Storefront offers real-time connectivity, risk management, and regulatory compliance.
This launch addresses the growing demand for digitalized online trading, as retail and High Net Worth Individuals seek improved, user-friendly trading and investment services. According to Coalition Greenwich, electrified trading now accounts for 42% of U.S. and 44% of European equity market commissions.
FIS has announced a partnership with Commerce Bank to provide a comprehensive card-based loyalty solution. This collaboration aims to enhance customer satisfaction and operational efficiency for Commerce Bank's loyalty program management. Key features of the partnership include:
1. FIS will offer an end-to-end loyalty program management platform to Commerce Bank, a top-50 U.S. bank with over $30 billion in assets.
2. Commerce Bank will leverage FIS Premium Payback, allowing customers to pay with reward points seamlessly at the point of sale.
3. The new loyalty program will offer faster, more flexible innovation, including new customer marketing capabilities, faster product roll-out, and back-end support for various processes.
4. This partnership is expected to help Commerce Bank upgrade from a traditional, transaction-based loyalty program to one that generates more meaningful and long-term customer engagement.
FIS has been named one of TIME's World's Best Companies of 2024, a prestigious recognition of top-performing and responsible companies. The ranking, compiled in partnership with Statista, evaluates companies based on employee satisfaction, revenue growth, and sustainability. FIS received an impressive overall score of 87.59 out of 100.
As of Sept. 18, 2024, FIS had outpaced the S&P 500 in total shareholder returns by 24% year-to-date. The company's success is attributed to its commitment to growth while positively impacting colleagues, clients, and communities. FIS recently published its fifth annual Global Sustainability Report, highlighting achievements in empowering individuals and businesses in the digital economy, protecting clients and the financial system, and advancing workforce initiatives.
FIS also launched Atelio™, a fintech platform for embedding financial services into various offerings. The company's strong performance in 2024 includes robust financial results, new solution launches, and recognition of its leadership, with President & CEO Stephanie Ferris named American Banker's 2024 Most Influential Woman in Fintech.
A new FIS survey of over 1,000 Singapore banking customers reveals enhanced security as their top online banking priority. 56% of respondents believe online banking fraud attempts are increasing, with Millennials experiencing the most incidents. The survey found:
1. 92% of consumers are concerned about online banking fraud
2. 'Money lock' to prevent withdrawals is the most desired security innovation
3. 86% prioritize feeling confident their personal information and assets are secure
4. 51% of fraud victims received full refunds from their banks
The survey also highlights a need for balance between convenience and security in online banking interactions. FIS is investing in AI and machine learning to help banks combat sophisticated fraud attempts and protect customer trust.
FIS, a global financial technology leader, has announced the 2024 cohort for its FIS Accelerator Program, now in its ninth year. The program aims to support and propel fintech startups through a 12-week intensive initiative. Nine innovative companies have been selected to participate, focusing on various aspects of financial services including AI-driven solutions, digital platforms, and compliance tools.
Participants will receive expert guidance, mentorship, and access to funding from FIS to refine their product strategies and scale their businesses. The cohort includes companies like Finli, Kipp, RiskScout, and Prelim, among others, each offering unique solutions to enhance financial operations and services.