Fidelity Natl Information Svcs Stock Price, News & Analysis

FIS (NYSE: FIS) has appointed Mark J. Hawkins to its Board of Directors. Hawkins, formerly President and CFO at Salesforce.com, brings extensive experience in finance, technology, and global operations. His prior roles include CFO at Autodesk and Logitech, and he has served in senior management positions at Dell and Hewlett-Packard. Chairman and CEO Gary Norcross expressed confidence in Hawkins' expertise, which is expected to enhance FIS's strategic direction. FIS, a leader in technology solutions for financial services, is headquartered in Jacksonville, Florida.

FIS announces the ten companies selected for its 2021 Fintech Accelerator program, aimed at fostering innovative fintech startups. This year marks the program's sixth iteration, receiving applications from firms across the U.S. and 29 other countries. The selected companies focus on areas such as credit monitoring, banking-as-a-service, and customer relationship management. The program will start on June 7, culminating in a Demo Day on August 26, where startups will showcase their solutions to investors and industry leaders.

FIS, a global leader in financial services technology, will showcase its insights at several upcoming conferences in June 2021. Key presentations include:

• June 3, 2021 - William Blair’s 41st Annual Growth Stock Conference at 3:00 pm EDT
• June 10, 2021 - Baird’s 2021 Global Consumer, Technology & Services Conference at 8:30 am EDT
• June 17, 2021 - RBC Capital Markets Financial Technology Conference at 10:00 am EDT
• June 24, 2021 - Exane BNPP Payday at 9:00 am EDT

Live audio webcasts will be available on the Investor Relations section of FIS’ website.

CEX.IO has partnered with FIS to launch a new line of crypto-based consumer debit cards across Europe. FIS will provide card management and processing services using its Debit & Prepaid Platform. This collaboration aims to enhance payment options for cryptocurrency users, simplifying access to crypto transactions. FIS's expertise will support CEX.IO in regulatory compliance, risk management, and other critical card functions. With billions of transactions processed annually, FIS continues to play a pivotal role in the growing crypto payment landscape.

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.