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 is enhancing its Modern Banking Platform by adding innovative components for retail lending and commercial onboarding, catering to the rising demand for digital banking solutions among financial institutions. Key banks, including Fifth Third and BMO Harris, are already deploying these advanced features. The platform now boasts over 60 components, leveraging an open, API-based architecture for seamless integration. This evolution is expected to improve customer experiences and help banks remain competitive in the accelerating digital transformation of the financial sector.
FIS, a leader in financial services technology, has declared a regular quarterly dividend of $0.39 per common share. This dividend will be payable on September 24, 2021, to shareholders on record by September 10, 2021. This dividend reflects the company's commitment to returning value to its shareholders while maintaining a strong financial position.
FIS has partnered with OKCoin to enhance its global merchant acquiring and foreign exchange services, facilitating smoother card-to-crypto payments. This collaboration will support OKCoin's expansion into 190 countries, allowing users to convert fiat to cryptocurrencies like Bitcoin and Ethereum. With FIS processing over $2 trillion in transactions annually, the partnership promises efficient payment solutions, advanced reporting, and improved fraud monitoring. FIS aims to simplify cryptocurrency access and drive growth in the evolving digital currency market.
MoonPay has partnered with FIS for merchant acquiring services across over 160 countries and 80 digital currencies. This collaboration allows MoonPay to enhance its payment processing capabilities for cryptocurrencies and NFTs, crucial as demand for digital assets grows. FIS's Worldpay will facilitate credit and debit card transactions, supporting MoonPay's expansion and user experience goals. FIS processes over $2 trillion in transactions annually, furthering its commitment to advance payment technologies.
Fifth Third Bank has announced its collaboration with FIS (NYSE: FIS) to implement its next-generation banking platforms, replacing outdated systems. The FIS Modern Banking Platform aims to enhance digital transformation, improve customer service, and generate operational efficiencies. Additionally, the FIS Unity wealth management platform will integrate advanced functionalities to optimize client offerings. This multi-year agreement supports Fifth Third's commitment to modernize and streamline operations while addressing evolving customer needs.
FIS will announce its Q2 2021 financial results on August 3, 2021, before market open. A live webcast of the earnings conference call will start at 8:30 a.m. EDT on the same day. Investors can access the webcast through the Investor Relations section on FIS' website. FIS is a global leader in financial services technology, providing innovative solutions for merchants and banks globally.
FIS has partnered with USALLIANCE Financial to implement the Payments One platform, enhancing its digital payment offerings.
USALLIANCE, managing over $2 billion in assets, seeks to leverage the integrated capabilities of Payments One for better card processing and fraud protection.
This strategic collaboration aims to capture market growth, particularly as 15% of credit union members lack cards, presenting a significant opportunity. The platform's features include API integration, marketing services, and robust security, enabling USALLIANCE to differentiate its services in a competitive landscape.
FIS has launched the AML Compliance Hub, a new solution designed to enhance financial crime detection in capital markets. Developed in partnership with C3 AI, this platform utilizes machine learning to improve efficiency in anti-money laundering (AML) and know your customer (KYC) processes. By leveraging aggregated client data, it aims to reduce false positives and enhance decision-making. FIS's investment in AI technology aligns with the trend, as 78% of capital markets firms plan to invest in AI to meet strategic goals, emphasizing the significant potential of AI in combating financial crime.
BMO Harris Bank is enhancing its partnership with FIS by launching a multi-year program aimed at modernizing its core banking systems to support growth in the U.S. The bank will implement the FIS Modern Banking Platform to offer mobile-first deposit and checking accounts nationwide. This modernization will increase agility, improve product time-to-market, and enhance operational efficiencies. The agreement also encompasses additional services such as FIS Payments One and call center support, positioning BMO to better meet digital banking needs.
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