Fidelity National Information Services, Inc. - FIS STOCK NEWS

FIS announced that Societe Generale has selected its Cleared Derivatives Suite for the transformation of its derivatives clearing back-office system. This extended agreement aims to modernize Societe Generale's trade clearing and settlement technology, enhancing operational efficiency and reducing risks. The suite will be integrated with existing infrastructure, supporting end-to-end post-trade derivatives processing. This partnership is seen as a significant investment in the long-term growth of Societe Generale's Prime Services business.

Zayo Group Holdings has appointed Lisa Hook to its board of directors. Hook, a former President and CEO of Neustar, brings extensive experience in cloud infrastructure, telecommunications, and digital marketing. During her eight years at Neustar, she held key leadership positions, including on its board since 2010. Currently, she serves on the boards of Fidelity National Information Services (FIS), Philip Morris International (PM), and Ritchie Brothers Holdings (RBA). Hook aims to enhance Zayo's growth in the rapidly evolving communication infrastructure landscape.

FIS launched its new metastore at the annual client event, FIS Emerald 2022, showcasing hands-on experiences in the metaverse. This initiative highlights FIS' commitment to bridging physical and digital transactions, particularly through cryptocurrency exchanges and payment technologies. Attendees could purchase physical items and limited non-fungible tokens (NFTs) using Worldpay solutions. FIS aims to enhance customer experience and support businesses in adapting to the emerging digital landscape.

FIS has launched a new embedded finance offering in partnership with Treasury Prime, utilizing APIs to enhance digital banking capabilities for financial institutions. This service is designed for small and mid-sized banks and fintechs, enabling them to create new revenue streams and improve digital processes like deposits and accounts payables. The first client to implement these services is Grasshopper, a digital commercial bank, which plans to leverage these capabilities for better serving fintechs and small businesses.

FIS (NYSE: FIS), a leader in financial services technology, will present at two key industry events: MoffettNathanson's 4th Annual Payments, Processors and IT Services Summit on May 11, 2022, at 4:00 p.m. EDT, and Barclays Emerging Payments and Fintech Forum on May 17, 2022, at 10:00 a.m. EDT. A live audio webcast and replay will be available on FIS' Investor Relations page at www.fisglobal.com.

FIS provides technology solutions globally, enabling efficient financial transactions across various sectors.

FIS reported a strong Q1 2022 with revenue growth of 8% on a GAAP basis, totaling $3.5 billion. The company posted GAAP diluted EPS of $0.20 and adjusted EPS of $1.47. Key segments like Merchant Solutions and Banking Solutions saw revenue rises of 15% and 7%, respectively. Adjusted EBITDA reached $1.4 billion with a consistent margin of 40.6%. FIS anticipates resuming share repurchases ahead of schedule and increased its dividend by 21% to $0.47 per share, emphasizing a strong cash flow position.

FIS has declared a quarterly dividend of $0.47 per common share, payable on June 24, 2022, to shareholders of record by June 10, 2022. As a leader in financial services technology, FIS aims to enhance commerce and support various industries through innovation. The company is a member of the Fortune 500 and the S&P 500 index, reflecting its significant market position.

FIS has partnered with the Washington Nationals to enhance the ballpark experience through advanced payments technology. This integration allows fans to make seamless payments for tickets, food, and merchandise at Nationals Park. FIS will also power the BetMGM Sportsbook, marking the first retail sportsbook in an MLB stadium. Additionally, FIS is developing a unique analytics platform to personalize fan experiences and ensure a cashless strategy, including prepaid cards for staff. The partnership aims to improve convenience, speed, and security for Nationals fans.

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.