Fidelity Natl Information Svcs Stock Price, News & Analysis

T. Rowe Price Group (TROW) is enhancing its retirement recordkeeping services by deepening its partnership with FIS (FIS), a leader in fintech and retirement operations. This relationship, stemming from a 30-year collaboration, aims to improve operational efficiency and deliver innovative retirement solutions. As part of the transition, about 800 T. Rowe Price associates will shift to FIS while continuing their roles in Owings Mills and Colorado Springs. T. Rowe Price will focus on investment management and client service, leveraging FIS's technology to modernize recordkeeping and enhance digital capabilities.

FIS, a global leader in financial services technology, is set to present at two major conferences: the Barclays Emerging Payments and Fintech Forum on May 19, 2021, at 12:00 pm EDT, and the JP Morgan TMC Conference on May 25, 2021, at 9:30 am EDT. Both events will feature live audio webcasts accessible through the Investor Relations section of FIS’ website. FIS provides technology solutions for merchants, banks, and capital markets firms, enhancing the way the world pays, banks, and invests.

FIS reported strong first quarter 2021 results, with consolidated revenue rising 5% to $3,223 million. Despite a net loss of $373 million, adjusted net earnings grew 2% to $814 million. Revenue growth stemmed from all operating segments, especially Banking Solutions, which saw a 7% increase. The company also exceeded revenue synergy targets from its Worldpay acquisition, raising expectations to $600 million for 2021. Cash flow remained robust, with free cash flow at $556 million. FIS anticipates continued revenue growth as market conditions improve post-COVID-19.

FIS has launched an industry-first solution enabling banks to offer bitcoin services directly through their accounts. This innovative platform allows customers to buy, sell, and manage bitcoin seamlessly within traditional banking apps, enhancing customer acquisition and fee income. The solution leverages FIS's Digital One™ Mobile technology and is supported by a custodial platform from NYDIG. FIS has also invested in NYDIG to strengthen this partnership, aiming to bridge the credibility gap in bitcoin transactions and drive innovation in financial services.

FIS has declared a regular quarterly dividend of $0.39 per common share, scheduled for payment on June 25, 2021. This dividend will benefit shareholders who are on record as of the close of business on June 11, 2021. As a prominent player in financial services technology, FIS is committed to enhancing the way the world pays, banks, and invests, leveraging its scale and expertise to deliver superior customer experiences.

FIS (NYSE: FIS) has launched RealNet™, a cloud-based SaaS platform that facilitates account-to-account (A2A) transactions for businesses, consumers, and governments via real-time payment networks. Designed as a 'network of networks,' RealNet streamlines payment processing by using a smart-routing decision engine to optimize transaction efficiency. This platform aims to power a real-time economy and is currently available in the U.S., with expansions planned for the U.K. and Europe. The innovative solution promotes rapid, secure payments across various sectors.

FIS has announced an expansion of its payment processing capabilities in Malaysia, South Africa, and Nigeria. The company has secured a domestic acquiring license in Malaysia and is offering services in South Africa and Nigeria through a partnership with Flutterwave. FIS aims to enhance its merchant acquiring presence in these emerging markets, projected to see significant eCommerce growth. By leveraging its Worldpay platform, FIS seeks to provide advanced payment processing services, facilitating a seamless payment experience for local merchants.

Bank of Hawaii has expanded its partnership with FIS to enhance its digital banking services amidst the ongoing Covid-19 pandemic. The collaboration focuses on implementing FIS Digital One, a low-code digital banking platform aimed at modernizing customer experiences across online and mobile channels. This initiative aligns with the bank's commitment to meet evolving customer needs and further solidifies its 32-year relationship with FIS. The platform allows for easy integration with third-party fintech solutions, enabling personalized customer offerings and insights.

FIS is set to announce its first quarter 2021 financial results on May 6, 2021, prior to market opening. A live webcast of the earnings conference call for investors will begin at 8:30 a.m. EDT on the same day, accessible through the company’s Investor Relations page. FIS, a leader in financial services technology, aims to advance payment, banking, and investment solutions globally, providing innovative technology solutions to its clients.