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 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
FIS (NYSE: FIS) will participate in the Stephens Annual Investment Conference on November 29, 2021, at 10:00 a.m. (EST). A live audio webcast of the presentation will be available on the Investor Relations section of its website. FIS is a global leader in financial services technology, assisting merchants, banks, and capital markets firms with innovative technology solutions. Headquartered in Jacksonville, Florida, FIS ranks #241 on the 2021 Fortune 500 and is part of the S&P 500 Index.
FIS has secured the top position in the Chartis RiskTech100® for seven consecutive years, highlighting its leadership in risk and compliance technology. The company excelled in five categories: Functionality, Market Presence, Insurance, Trading & Capital Markets, and Front Office Risk Management. This achievement reflects the commitment of FIS to delivering superior risk management solutions and the ongoing investments made to enhance client services.
FIS, a global leader in financial services technology, will present at Citi's 11th Annual FinTech Conference on November 15, 2021 at 11:15 a.m. (EST). Additionally, FIS will participate in the RBC Capital Markets Global Technology Conference on November 16, 2021 at 9:20 a.m. (EST). Both presentations will be accessible via live audio webcast on their Investor Relations page. FIS ranks #241 on the 2021 Fortune 500 and is a member of the S&P 500 Index.
FIS reported strong Q3 2021 results with a revenue increase of 10% to $3.5 billion, alongside adjusted EBITDA growth of 17% to $1.6 billion. The company achieved approximately $600 million in annual run-rate revenue synergies and $475 million in operational expense synergies from its Worldpay acquisition. Net earnings surged by 690% to $158 million, and share buybacks totaled $1.2 billion. With solid cash flow and a guidance of $13.9 to $14.0 billion in revenue for FY 2021, FIS demonstrates robust profitability and operational execution.
FIS, a leader in financial services technology, announced an updated capital allocation strategy aimed at driving growth while rewarding shareholders. The strategy includes a hike in the annual dividend growth rate to 20%, up from 10%, allowing for a gradual increase in the dividend payout ratio to 35%. FIS will also repurchase shares under existing authorization, having repurchased 15 million shares as of September 2021. The company continues to prioritize organic and inorganic growth investments, including significant M&A activities to enhance its market reach.
FIS has partnered with the
FIS has enhanced its collaboration with Microsoft, expanding payment processing through Worldpay into the Americas, Europe, and Asia Pacific. This global partnership enables Worldpay to handle online credit and debit transactions for Microsoft's platforms, including Xbox and Microsoft Azure. Since 2014, FIS has been providing payment services in Latin America, with this extension promising improved customer experiences through features like Account Updater for maintaining payment information. This development confirms FIS's position as a leader in innovative payment solutions.
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