Welcome to our dedicated page for Fidelity Natl Information Svcs news (Ticker: FIS), a resource for investors and traders seeking the latest updates and insights on Fidelity Natl Information Svcs stock.
Fidelity National Information Services (FIS) drives global financial infrastructure through payment systems, banking technology, and enterprise solutions. This dedicated news hub provides investors and professionals with essential updates shaping the fintech landscape.
Access real-time press releases covering earnings announcements, strategic partnerships, and technology innovations. Our curated collection includes regulatory filings, product launch details, and market position updates directly from FIS leadership.
Key coverage areas include digital banking advancements, transaction security enhancements, and global expansion initiatives. Stay informed about developments impacting financial institutions, merchants, and investment firms through primary source materials.
Bookmark this page for streamlined access to FIS's official communications. Combine these updates with sector analysis tools for comprehensive market evaluation.
FIS reported strong first quarter 2021 results, with consolidated revenue rising 5% to $3,223 million. Despite a net loss of $373 million, adjusted net earnings grew 2% to $814 million. Revenue growth stemmed from all operating segments, especially Banking Solutions, which saw a 7% increase. The company also exceeded revenue synergy targets from its Worldpay acquisition, raising expectations to $600 million for 2021. Cash flow remained robust, with free cash flow at $556 million. FIS anticipates continued revenue growth as market conditions improve post-COVID-19.
FIS has launched an industry-first solution enabling banks to offer bitcoin services directly through their accounts. This innovative platform allows customers to buy, sell, and manage bitcoin seamlessly within traditional banking apps, enhancing customer acquisition and fee income. The solution leverages FIS's Digital One™ Mobile technology and is supported by a custodial platform from NYDIG. FIS has also invested in NYDIG to strengthen this partnership, aiming to bridge the credibility gap in bitcoin transactions and drive innovation in financial services.
FIS has declared a regular quarterly dividend of $0.39 per common share, scheduled for payment on June 25, 2021. This dividend will benefit shareholders who are on record as of the close of business on June 11, 2021. As a prominent player in financial services technology, FIS is committed to enhancing the way the world pays, banks, and invests, leveraging its scale and expertise to deliver superior customer experiences.
FIS (NYSE: FIS) has launched RealNet™, a cloud-based SaaS platform that facilitates account-to-account (A2A) transactions for businesses, consumers, and governments via real-time payment networks. Designed as a 'network of networks,' RealNet streamlines payment processing by using a smart-routing decision engine to optimize transaction efficiency. This platform aims to power a real-time economy and is currently available in the U.S., with expansions planned for the U.K. and Europe. The innovative solution promotes rapid, secure payments across various sectors.
FIS has announced an expansion of its payment processing capabilities in Malaysia, South Africa, and Nigeria. The company has secured a domestic acquiring license in Malaysia and is offering services in South Africa and Nigeria through a partnership with Flutterwave. FIS aims to enhance its merchant acquiring presence in these emerging markets, projected to see significant eCommerce growth. By leveraging its Worldpay platform, FIS seeks to provide advanced payment processing services, facilitating a seamless payment experience for local merchants.
Bank of Hawaii has expanded its partnership with FIS to enhance its digital banking services amidst the ongoing Covid-19 pandemic. The collaboration focuses on implementing FIS Digital One, a low-code digital banking platform aimed at modernizing customer experiences across online and mobile channels. This initiative aligns with the bank's commitment to meet evolving customer needs and further solidifies its 32-year relationship with FIS. The platform allows for easy integration with third-party fintech solutions, enabling personalized customer offerings and insights.
FIS is set to announce its first quarter 2021 financial results on May 6, 2021, prior to market opening. A live webcast of the earnings conference call for investors will begin at 8:30 a.m. EDT on the same day, accessible through the company’s Investor Relations page. FIS, a leader in financial services technology, aims to advance payment, banking, and investment solutions globally, providing innovative technology solutions to its clients.
The COVID-19 pandemic has led to a notable shift in U.S. consumer banking habits, with a FIS survey revealing that 20% of respondents switched to a new bank in the past year. A significant 33% sought better benefits, such as higher savings yields. Major banks are preferred by 37% of new customers, while credit unions attract 18% and direct banks 17%. Demographic trends indicate that Gen Z is primarily motivated by benefits, while Senior Millennials are influenced by life changes. FIS emphasizes the need for banks to enhance digital services to meet evolving consumer demands.
FIS (NYSE: FIS), a leader in financial services technology, will present at the BofA Securities 2021 Electronic Payment Virtual Symposium on March 22, 2021, at 1:00 PM EDT. Interested parties can access a live audio webcast and replay through the Investor Relations section of FIS’ website. Headquartered in Jacksonville, Florida, FIS provides innovative technology solutions for merchants, banks, and capital markets globally, helping clients solve critical business challenges.
