Fidelity Natl Information Svcs - FIS STOCK NEWS

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.

FIS (NYSE: FIS) has appointed Mark J. Hawkins to its Board of Directors. Hawkins, formerly President and CFO at Salesforce.com, brings extensive experience in finance, technology, and global operations. His prior roles include CFO at Autodesk and Logitech, and he has served in senior management positions at Dell and Hewlett-Packard. Chairman and CEO Gary Norcross expressed confidence in Hawkins' expertise, which is expected to enhance FIS's strategic direction. FIS, a leader in technology solutions for financial services, is headquartered in Jacksonville, Florida.

FIS announces the ten companies selected for its 2021 Fintech Accelerator program, aimed at fostering innovative fintech startups. This year marks the program's sixth iteration, receiving applications from firms across the U.S. and 29 other countries. The selected companies focus on areas such as credit monitoring, banking-as-a-service, and customer relationship management. The program will start on June 7, culminating in a Demo Day on August 26, where startups will showcase their solutions to investors and industry leaders.

FIS, a global leader in financial services technology, will showcase its insights at several upcoming conferences in June 2021. Key presentations include:

• June 3, 2021 - William Blair’s 41st Annual Growth Stock Conference at 3:00 pm EDT
• June 10, 2021 - Baird’s 2021 Global Consumer, Technology & Services Conference at 8:30 am EDT
• June 17, 2021 - RBC Capital Markets Financial Technology Conference at 10:00 am EDT
• June 24, 2021 - Exane BNPP Payday at 9:00 am EDT

Live audio webcasts will be available on the Investor Relations section of FIS’ website.

CEX.IO has partnered with FIS to launch a new line of crypto-based consumer debit cards across Europe. FIS will provide card management and processing services using its Debit & Prepaid Platform. This collaboration aims to enhance payment options for cryptocurrency users, simplifying access to crypto transactions. FIS's expertise will support CEX.IO in regulatory compliance, risk management, and other critical card functions. With billions of transactions processed annually, FIS continues to play a pivotal role in the growing crypto payment landscape.

T. Rowe Price Group (TROW) is enhancing its retirement recordkeeping services by deepening its partnership with FIS (FIS), a leader in fintech and retirement operations. This relationship, stemming from a 30-year collaboration, aims to improve operational efficiency and deliver innovative retirement solutions. As part of the transition, about 800 T. Rowe Price associates will shift to FIS while continuing their roles in Owings Mills and Colorado Springs. T. Rowe Price will focus on investment management and client service, leveraging FIS's technology to modernize recordkeeping and enhance digital capabilities.