Fidelity National Information Services, Inc. - FIS STOCK NEWS

Worldpay from FIS has partnered with Crypto.com, enhancing their blockchain efforts as a validator for the Crypto.org Chain. The collaboration aims to support Crypto.com’s global expansion by leveraging Worldpay's payment gateway and merchant acquiring services. Worldpay, an established Card-to-Crypto processor, will facilitate card-based transactions for cryptocurrencies, enriching its existing services which cater to four of the top five exchanges. With over 10 million users, Crypto.com aims to broaden cryptocurrency accessibility, reflecting the market's rapid growth.

FIS has announced a 21% increase in its quarterly dividend to $0.47 per share, up from $0.39. This change reflects the board's confidence in the company's financial position and robust cash flow. The new dividend is payable on March 25, 2022, to shareholders of record by March 11, 2022. FIS also aims to raise its annual dividend growth rate to approximately 20% starting this quarter, increasing its payout ratio to 35% of adjusted net earnings over several years.

FIS, a leader in financial services technology, will release its fourth quarter and full year 2021 financial results on Feb. 15, 2022, before market open. A live webcast of the earnings conference call will take place at 8:30 a.m. EST. Access will be available through the Investor Relations section of FIS’ website, where a replay will also be provided post-webcast. FIS ranks #241 on the 2021 Fortune 500 and is part of the S&P 500, reflecting its significant role in the financial technology sector.

FIS announced its recognition as the Post-Trade System of the Year at the FOW International Awards 2021 for its FIS Cleared Derivatives Suite. This suite is designed for investment banks and broker dealers, optimizing post-trade derivative processing while reducing operational risk and costs. The award reflects FIS's commitment to innovation, with enhancements to the suite aimed at improving efficiency for over 100 clients. The recognition underscores FIS's role in advancing financial technology solutions.

FIS has announced the winners of its InnovateIN48 fintech competition, which aims to enhance financial inclusion through innovation. This year, the competition expanded to include college students, allowing them to create digital solutions addressing underserved communities. Winning teams received prizes and opportunities for internships at FIS. Notably, the first-place team developed a social media app focused on investment education. FIS continues to promote innovation, recently ranked among Fast Company's 2021 Best Workplaces for Innovators.

FIS has secured agreements with five new banks, including PointBank and Bank of Southern California, to implement its HORIZON and Digital One banking platforms. This move responds to the accelerating digital transformation in the banking sector, as seen in FIS' survey where 26% of new regional bank customers preferred digital services. The platforms provide a flexible, modern architecture, enabling banks to enhance customer experiences and deliver services efficiently, addressing the competitive gap with larger institutions.

Cadence Bank has announced a transition from its on-premises core banking platform to a FIS-hosted solution, aimed at enhancing operational efficiencies as part of its modernization efforts. This cloud migration will enable Cadence to scale its offerings and adapt to changing customer expectations. With over $48 billion in assets and a commitment to improve customer experience, the bank anticipates that FIS's industry-leading service level agreement will provide robust support and security during this transition.