Welcome to our dedicated page for Fidelity National Information Services news (Ticker: FIS), a resource for investors and traders seeking the latest updates and insights on Fidelity National Information Services stock.
Fidelity National Information Services, Inc. (FIS) is a global leader at the heart of commerce and financial transactions, powering the world's economy. With a mission to advance the way the world pays, banks, and invests, FIS serves over 20,000 clients and more than one million merchant locations across 130 countries.
FIS offers a comprehensive suite of solutions that span across core processing, payments, risk management, compliance, and outsourcing services. Its clientele includes banks, investment firms, and merchants. By acquiring SunGard in 2015, FIS expanded its capabilities to include record-keeping and other essential services for investment firms. The 2019 acquisition of Worldpay marked FIS's significant entry into the payment processing market, securing leading positions in both the United States and the United Kingdom.
Though FIS has since sold a majority interest in Worldpay, retaining only a minority stake, the company continues to innovate and adapt. Recent achievements include advancements in digital payments and enhanced security measures, enabling seamless and secure financial transactions.
FIS's financial condition remains robust, supported by strategic partnerships and a diversified portfolio of products. Their ongoing projects focus on improving transaction efficiency, enhancing customer experience, and expanding their global footprint. For more information, visit FIS Global.
FIS (NYSE: FIS) has received the IDC 2024 SaaS CSAT award for Treasury Management, marking its fourth treasury management excellence award in 2024. The recognition comes from IDC's SaaS Path Survey, which evaluated 2,875 organizations across all regions on over 30 customer satisfaction metrics.
This achievement highlights FIS's success in delivering cloud-based treasury and risk management solutions that provide real-time liquidity and risk visibility. The company's other 2024 accolades include the IDC Real Results award for UNHCR, Most Innovative Treasury Solution from Global Finance Magazine, and Best Cash & Treasury Management Solution from Treasury Management International.
FIS's solutions help businesses improve cash visibility and manage liquidity risk while facilitating efficient money movement, from payments to debt management and investments.
FIS has been named a Leader in the IDC MarketScape: North America Digital Core Banking Platforms 2024 Vendor Assessment. The report highlights FIS's focus on local regulations and compliance across all deployment regions. The IDC MarketScape recognizes FIS Modern Banking Platform as a digitally native, cloud-built platform with component-based architecture that can integrate with existing banking infrastructure.
According to Jerry Silva, VP of global retail banking at IDC, FIS is a trusted partner for banks pursuing core modernization. John Durrant, Banking Solutions President at FIS, emphasized the company's commitment to investing in cutting-edge technology and supporting clients' growth through Digital Banking.
FIS HORIZON has been recognized by Celent in its latest North American retail banking core systems report, winning the Advanced Technology Category of the XCelent Awards. HORIZON was also deemed a “Luminary” within Celent’s Technical Capability Matrix. FIS, a global leader in financial technology, highlighted that this recognition continues the awards momentum, following three XCelent Awards last year.
HORIZON's Advanced Technology category win is attributed to its agility, customizability, and scalability, which drive deposit growth and wallet share for clients. Celent's ABC scoring methodology measures advanced technology, breadth of functionality, and client base and service. Melissa Cullen, Head of Core Banking Solutions at FIS, emphasized the company's ongoing investments in HORIZON to redefine core banking and create a more streamlined and agile environment.
The platform is geared for community banks, offering an intuitive, customer-centric design that combines banking functionality with a modern user experience. It provides comprehensive security and a flexible, scalable architecture. According to Celent’s Principal Analyst Craig Focardi, HORIZON remains a reliable and popular choice, adding more clients than any other core system since the last report, even amid sector consolidation.
FIS announced the recognition of its latest cohort at the 2024 FIS Fintech Accelerator Innovation Day, held on November 13 in Jacksonville. The event featured nine growth-stage fintech companies, showcasing innovative solutions aimed at harmonizing the money lifecycle. Two companies, Prelim and MoneyKit, received the Audience Choice Award for their standout technologies. Prelim offers a no-code platform for digitizing customer onboarding, while MoneyKit connects bank data to over 15,000 types of accounts, facilitating seamless financial transactions. The cohort's participation in a 12-week immersive initiative led to the development of nine proofs of concepts (POCs), which are moving forward with plans to be finalized this year. FIS emphasized its commitment to advancing financial technology and supporting fintech startups through its accelerator program, which offers infrastructure, a vast distribution network, and subject matter expertise.
FIS (NYSE: FIS), a leading financial technology company, has announced its participation in the UBS Global Technology and AI Conference on Wednesday, Dec. 4, 2024, at 11:35 a.m. (MST). The presentation will be accessible via live audio webcast and replay through the Investor Relations section of FIS' website.
FIS specializes in providing financial technology solutions across the money lifecycle, serving financial institutions, businesses, and developers. The company focuses on advancing payment, banking, and investment systems while helping clients operate, expand, and secure their businesses. Based in Jacksonville, Florida, FIS is a constituent of both the Fortune 500 and S&P 500 indices.
FIS (NYSE: FIS) launches a new global brand campaign titled 'Unlocking Financial Technology: Bringing the World's Money into Harmony.' The multi-million dollar campaign introduces the concept of money lifecycle, which includes Money at Rest (storing), Money in Motion (payments), and Money at Work (investing). The campaign will be featured across CNBC, Axios, The Wall Street Journal, and The Financial Times, targeting key markets in the US, UK, and APAC regions. The initiative aims to demonstrate FIS's role in transforming modern financial operations through integrated technology solutions.
FIS (NYSE: FIS) announces collaboration with Oracle to enhance billing and payment capabilities for utility customers. The FIS BillerIQ solution, running on Oracle Cloud Infrastructure (OCI), will modernize utility bill management by enabling electronic bill delivery and digital payments. The partnership addresses the current inefficiency where 75% of organizations still use paper checks, offering multiple payment options including ACH, credit, debit, Realtime Pay, and digital wallets. The solution aims to provide a seamless experience from meter consumption to payment, helping utility companies stay competitive while offering customers greater convenience.
FIS, a leading global financial technology company listed on the NYSE, has announced its participation in the 2024 KBW Fintech Conference. The company's presentation is scheduled for Thursday, November 14, 2024, at 2:55 p.m. EST. Interested parties can access both the live audio webcast and a replay through the Investor Relations section of FIS' website at www.fisglobal.com.
FIS reported strong Q3 2024 results with revenue increasing 3% to $2.6 billion. GAAP Diluted EPS rose 7% to $0.45, while Adjusted EPS grew 49% to $1.40. Banking Solutions revenue increased 3% to $1.8 billion, and Capital Market Solutions revenue grew 8% to $730 million. The company repurchased $500 million of shares in Q3, bringing year-to-date repurchases to $3.0 billion. Following these results, FIS raised its full-year outlook, with adjusted EPS guidance increased to $5.15-$5.20.
FIS has appointed Kourtney Gibson to its Board of Directors, expanding the board from nine to ten members, with nine being independent directors. Gibson brings extensive experience in capital markets and financial services. She is the fourth independent director to join since 2022, following Lee Adrean, Mark Benjamin, and Nicole Anasenes. The appointment aligns with FIS's commitment to maintaining an optimal mix of director skills to drive shareholder value. Gibson's expertise in fixed income and equity markets, along with her track record in delivering financial solutions to institutional investors, is expected to contribute to FIS's strategic objectives.
FAQ
What is the current stock price of Fidelity National Information Services (FIS)?
What is the market cap of Fidelity National Information Services (FIS)?
What does Fidelity National Information Services (FIS) do?
Who are the clients of FIS?
What is the significance of FIS's acquisition of SunGard?
What happened to Worldpay after FIS's acquisition?
How does FIS contribute to the global economy?
What are the latest advancements by FIS?
Where can I find more information about FIS?
What is the financial condition of FIS?
What are the current projects of FIS?
How extensive is FIS's global reach?
