Fidelity Natl Information Svcs Stock Price, News & Analysis

FIS has announced the winners of its InnovateIN48 fintech competition, which aims to enhance financial inclusion through innovation. This year, the competition expanded to include college students, allowing them to create digital solutions addressing underserved communities. Winning teams received prizes and opportunities for internships at FIS. Notably, the first-place team developed a social media app focused on investment education. FIS continues to promote innovation, recently ranked among Fast Company's 2021 Best Workplaces for Innovators.

FIS has secured agreements with five new banks, including PointBank and Bank of Southern California, to implement its HORIZON and Digital One banking platforms. This move responds to the accelerating digital transformation in the banking sector, as seen in FIS' survey where 26% of new regional bank customers preferred digital services. The platforms provide a flexible, modern architecture, enabling banks to enhance customer experiences and deliver services efficiently, addressing the competitive gap with larger institutions.

Cadence Bank has announced a transition from its on-premises core banking platform to a FIS-hosted solution, aimed at enhancing operational efficiencies as part of its modernization efforts. This cloud migration will enable Cadence to scale its offerings and adapt to changing customer expectations. With over $48 billion in assets and a commitment to improve customer experience, the bank anticipates that FIS's industry-leading service level agreement will provide robust support and security during this transition.

FIS (NYSE: FIS) will participate in the Stephens Annual Investment Conference on November 29, 2021, at 10:00 a.m. (EST). A live audio webcast of the presentation will be available on the Investor Relations section of its website. FIS is a global leader in financial services technology, assisting merchants, banks, and capital markets firms with innovative technology solutions. Headquartered in Jacksonville, Florida, FIS ranks #241 on the 2021 Fortune 500 and is part of the S&P 500 Index.

FIS has secured the top position in the Chartis RiskTech100® for seven consecutive years, highlighting its leadership in risk and compliance technology. The company excelled in five categories: Functionality, Market Presence, Insurance, Trading & Capital Markets, and Front Office Risk Management. This achievement reflects the commitment of FIS to delivering superior risk management solutions and the ongoing investments made to enhance client services.

FIS, a global leader in financial services technology, will present at Citi's 11th Annual FinTech Conference on November 15, 2021 at 11:15 a.m. (EST). Additionally, FIS will participate in the RBC Capital Markets Global Technology Conference on November 16, 2021 at 9:20 a.m. (EST). Both presentations will be accessible via live audio webcast on their Investor Relations page. FIS ranks #241 on the 2021 Fortune 500 and is a member of the S&P 500 Index.

FIS reported strong Q3 2021 results with a revenue increase of 10% to $3.5 billion, alongside adjusted EBITDA growth of 17% to $1.6 billion. The company achieved approximately $600 million in annual run-rate revenue synergies and $475 million in operational expense synergies from its Worldpay acquisition. Net earnings surged by 690% to $158 million, and share buybacks totaled $1.2 billion. With solid cash flow and a guidance of $13.9 to $14.0 billion in revenue for FY 2021, FIS demonstrates robust profitability and operational execution.

FIS, a leader in financial services technology, announced an updated capital allocation strategy aimed at driving growth while rewarding shareholders. The strategy includes a hike in the annual dividend growth rate to 20%, up from 10%, allowing for a gradual increase in the dividend payout ratio to 35%. FIS will also repurchase shares under existing authorization, having repurchased 15 million shares as of September 2021. The company continues to prioritize organic and inorganic growth investments, including significant M&A activities to enhance its market reach.

FIS has partnered with the Washington Nationals as the Official Payments Technology Provider, enhancing fan experiences at Nationals Park. This partnership will implement advanced merchant processing technology, facilitating seamless payments for tickets, food, and merchandise. FIS will also introduce a unique analytics platform to tailor fan interactions. Additionally, renovations to the The FIS Champions Club will elevate the ballpark experience, offering gourmet dining options and celebrating the team's historical achievements. The enhanced experience will be ready for Opening Day 2022.