Fidelity National Information Services, Inc. - FIS STOCK NEWS

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.

FIS, a global financial technology leader, has declared a quarterly dividend of $0.36 per common share. The dividend will be paid on December 23, 2024, to shareholders of record as of December 9, 2024. FIS specializes in providing financial technology solutions to institutions, businesses, and developers, focusing on payments, banking, and investment services. The company is a member of both the Fortune 500® and S&P 500® Index.

FIS, a global financial technology leader, has driven an IDC Real Results award win for the United Nations High Commissioner for Refugees (UNHCR) in the Trade and Treasury category. UNHCR selected FIS as its treasury technology modernization partner, leveraging multiple FIS solutions including Payment Hub, Treasury and Risk Manager, and Bank Account Manager.

This integration has helped UNHCR increase cash and risk visibility, better manage over 400 bank accounts, and simplify global payments processing. As a result, UNHCR can now deliver payments faster and easier to refugees and humanitarian aid suppliers worldwide. The implementation has enhanced traceability and accountability of treasury transactions, saved time through standardization and automation, and enabled accurate cash flow forecasting.

This marks UNHCR's second treasury transformation award, following their EuroFinance Treasury Excellence award for Technology Transformation.

FIS (NYSE: FIS), a global leader in financial technology, has announced that it will release its third quarter 2024 financial results on Monday, November 4, 2024, before the market opens. The company will host a live webcast of its earnings conference call with the investment community at 8:30 a.m. (EST) on the same day. Interested parties can access the webcast through the Investor Relations section of FIS' official website, www.fisglobal.com. For those unable to attend the live event, a replay of the webcast will be made available after its conclusion.

FIS, a global financial technology leader, has partnered with Fulham Football Club to create an innovation centre called Markers, presented by FIS at the new Fulham Pier. This state-of-the-art suite will support Fulham's vision of a dynamic and inclusive destination for business leaders in West London. The Fulham Pier, part of the redevelopment of Fulham's riverside stand, is set to become London's newest riverfront destination.

The Markers suite will host industry events, client conferences, and provide a space for collaboration and idea-sharing to foster business growth across the money lifecycle in the UK and beyond. It will also serve as an EMEA hub for FIS' FinTech Accelerator Program and host the InnovateIN48 experiential development competition.

As part of its commitment to community growth, FIS has pledged £25,000 to Fulham FC Foundation to empower over 100 young individuals aged 11-30 with qualifications for employment, education, and training opportunities.

FIS, a global financial technology leader, has released findings from a comprehensive U.S. consumer research study examining generational relationships with financial institutions. The study reveals a significant shift in how younger generations seek financial advice, with social media becoming the primary source for Gen Z and Millennials. This trend poses challenges for traditional banks in maintaining their authority on personal finances.

Key findings include:

• 40% of Gen Z and 36% of Millennials learn about finance from social media
• 68% of Gen Z and Millennials consider money a major emotional stressor
• 41% of Americans believe they could only invest if they won the lottery
• 55% worry they will never be able to retire

The study also highlights opportunities for banks to bridge the trust gap by offering personalized, data-driven solutions and innovative tools to support consumers in making informed financial decisions.

FIS (NYSE: FIS), a global financial technology leader, has appointed Nicole Anasenes to its Board of Directors. This appointment increases the board size from eight to nine directors, with eight being independent, including Ms. Anasenes. Jeffrey Goldstein, Independent Chairman of the Board, praised Anasenes' financial and operational expertise from her distinguished career in startups and large enterprises. Her experience as a CFO and COO in public and pre-IPO companies has consistently delivered growth in enterprise software, services, and consumer technology sectors.

Stephanie Ferris, FIS Chief Executive Officer and President, expressed enthusiasm about working with Anasenes to execute the company's strategic plan and drive long-term shareholder value. The appointment is expected to bring valuable insights to FIS as they pursue their strategic growth objectives.

FIS, a global leader in financial technology, has won two prestigious awards at the 2024 PayTech Awards USA. FIS Integrated Payables was named Best Business Payments Solution, while Seamus Smith, FIS Group President of Automated Finance, received the PayTech Leadership - At the Helm Award.

FIS Integrated Payables is a frictionless solution that simplifies accounts payable processes through automation, payment visibility, and enhanced remittance detail. It accepts a single payment file from a company's ERP system, streamlining AP processing and account reconciliation.

Seamus Smith's recognition celebrates his contributions to the payments industry and strategic leadership at FIS. Under his guidance, the FIS Automated Finance suite has developed next-generation solutions for accounts payable, accounts receivable, biller management, and revenue optimization, positioning FIS as a leader in the $1.1 trillion business-to-business payments market.