Welcome to our dedicated page for Fidelity Natl Information Svcs news (Ticker: FIS), a resource for investors and traders seeking the latest updates and insights on Fidelity Natl Information Svcs stock.
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 has launched its Modern Banking Platform on Microsoft Azure, facilitating digital banking expansion in the UK, Thailand, and New Zealand. This cloud-native platform enhances cloud security, resiliency, and operational analytics via AI technology, allowing financial institutions to improve product offerings. With 91% of financial entities adopting cloud services, this move aligns with growing market demands.
Andrew Beatty from FIS highlighted the benefits of a scalable SaaS solution, and Bill Borden from Microsoft emphasized modernization to meet rising customer expectations.
FIS has partnered with Fireblocks to enhance digital asset investment services for capital markets clients. This collaboration allows firms to access leading crypto trading venues, liquidity providers, and decentralized finance (DeFi) applications. A study revealed that 69% of U.S. institutional investors are interested in incorporating digital assets into their portfolios. The partnership aims to facilitate the onboarding of digital asset operations for various institutions, thereby strengthening FIS's position in the growing digital asset market.
FIS has launched its new Banking-as-a-Service (BaaS) Hub, designed to enhance the digital banking and payments experience for financial institutions and fintechs. This platform offers a comprehensive suite of services, enabling rapid deployment of financial solutions under a low-risk model. The BaaS market is projected to grow to over $25 billion by 2026, with embedded finance expected to reach $230 billion by 2025. FIS aims to continually add new features, promoting innovation and partnerships in the financial landscape.
FIS has announced that its Worldpay business will be the first global merchant acquirer to offer merchants the ability to receive settlements in USD Coin (USDC), a rapidly growing digital currency. This move aims to facilitate both crypto-native and traditional businesses in adopting digital assets, allowing them to manage stablecoins efficiently. Crypto.com will be a pilot merchant for this initiative. As of April 2022, USDC has over $51 billion in circulation, highlighting its appeal in the market.
FIS, a leader in financial services technology, will release its first quarter 2022 financial results on May 3, 2022, before market open. A live webcast of the earnings conference call will start at 8:30 a.m. (EDT). Investors can access the webcast through the Investor Relations section of FIS' website. FIS is recognized for its comprehensive technology solutions for merchants and banks, and it ranks #241 on the 2021 Fortune 500 list.
FIS has enhanced its Digital One platform with the launch of Spending Insights, a key addition to its Financial Wellness Suite. This AI-powered tool offers personalized insights into financial activity and is already utilized by over 85 banks, including Union Savings Bank. The upgrades aim to help community banks compete effectively in a rapidly digitalizing financial landscape. FIS emphasizes accessibility and ease of integration, allowing banks to deliver advanced online banking experiences without the need for extensive developer resources.
FIS, a global leader in financial services technology, is set to present at the BofA Electronic Payments Symposium on March 21, 2022, at 8:15 a.m. (EDT). The presentation will be accessible via a live audio webcast in the Investor Relations section of FIS' website. Headquartered in Jacksonville, Florida, FIS ranks #241 on the 2021 Fortune 500 and is part of the S&P 500 Index. The company focuses on providing innovative technology solutions to merchants, banks, and capital markets globally, helping clients solve critical business challenges.
FIS is accepting applications for the 2022 FIS Fintech Accelerator, aimed at boosting fintech startups and growth-stage companies. The program, in collaboration with The Venture Center and the State of Arkansas, will select ten companies to showcase their innovations to over 100 financial institutions. The application deadline is April 15, with the program commencing on June 29 and culminating in pitches at the Demo Day on October 26. Past participants have raised significant capital and formed valuable partnerships.
FIS, a leader in financial services technology, announced its participation at the Wolfe Research FinTech Forum on March 9, 2022, at 8:25 a.m. (EST). The event will include a live audio webcast, with a replay available on FIS’ Investor Relations page at www.fisglobal.com. The company, based in Jacksonville, Florida, ranks #241 on the 2021 Fortune 500 and is part of the Standard & Poor’s 500® Index. FIS specializes in technology solutions for merchants, banks, and capital markets globally.
FIS announces a partnership between Worldpay and Shyft Network to help merchants comply with evolving cryptocurrency regulations. This collaboration will utilize Shyft's Veriscope solution to address the FATF Travel Rule, which aims to combat money laundering in crypto. Worldpay, a leader in Card-to-Crypto processing, serves four of the top five cryptocurrency exchanges and aims to enhance compliance and security within the digital asset ecosystem.