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 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.
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FIS reported strong Q4 and full-year 2021 results, with revenue growing by 11% to $3.7 billion and GAAP Diluted EPS at $0.47. Adjusted EPS increased by 19% to $1.92. For the full year, revenue reached $13.9 billion, and Adjusted EPS rose by 20% to $6.55. The acquisition of Payrix aims to enhance eCommerce offerings, particularly for SMBs. The company also announced guidance for Q1 and full-year 2022, targeting revenue of $3.42-$3.45 billion and Adjusted EPS of $7.25-$7.37. Increased liquidity and planned dividend growth were also highlighted.
FIS has acquired Payrix, a fintech firm specializing in embedded payments, to enhance its e-commerce offerings for small- and medium-sized businesses (SMBs). Founded in 2015, Payrix's expertise in automated underwriting and onboarding will be combined with FIS's global payment capabilities to facilitate market expansion and improve financial services. While the terms of the deal remain undisclosed, FIS anticipates no material impact on its upcoming financial results.
FIS has partnered with SumUp to provide global acquiring services using Worldpay's merchant solutions. This collaboration supports SumUp's growth in over 30 markets, catering to more than 3.5 million merchants. Worldpay from FIS will enhance SumUp’s services with features like authorization, clearing, settlement, and data insights. Jim Johnson from FIS highlighted the importance of local consumer behavior understanding for successful market entry. The partnership aims to deliver seamless payment experiences as digital payment technology adoption accelerates worldwide.
FIS announced the promotion of Stephanie Ferris to the position of company President, effective February 8. Joining FIS through the 2019 acquisition of Worldpay, Ferris previously held the role of Chief Administrative Officer and has over 27 years of experience in financial services. Her leadership is expected to accelerate growth and enhance FIS's strategic direction in payment and banking solutions. FIS is renowned for its technology solutions for merchants, banks, and capital markets globally, ranking #241 on Fortune 500.