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.
A new FIS survey of over 1,000 Singapore banking customers reveals enhanced security as their top online banking priority. 56% of respondents believe online banking fraud attempts are increasing, with Millennials experiencing the most incidents. The survey found:
1. 92% of consumers are concerned about online banking fraud
2. 'Money lock' to prevent withdrawals is the most desired security innovation
3. 86% prioritize feeling confident their personal information and assets are secure
4. 51% of fraud victims received full refunds from their banks
The survey also highlights a need for balance between convenience and security in online banking interactions. FIS is investing in AI and machine learning to help banks combat sophisticated fraud attempts and protect customer trust.
FIS, a global financial technology leader, has announced the 2024 cohort for its FIS Accelerator Program, now in its ninth year. The program aims to support and propel fintech startups through a 12-week intensive initiative. Nine innovative companies have been selected to participate, focusing on various aspects of financial services including AI-driven solutions, digital platforms, and compliance tools.
Participants will receive expert guidance, mentorship, and access to funding from FIS to refine their product strategies and scale their businesses. The cohort includes companies like Finli, Kipp, RiskScout, and Prelim, among others, each offering unique solutions to enhance financial operations and services.
FIS, a global leader in financial technology, has announced its participation in the upcoming Goldman Sachs Communacopia + Technology Conference. The company, listed on the NYSE under the ticker FIS, will present on Wednesday, September 11, 2024, at 9:30 a.m. PDT.
Investors and interested parties can access a live audio webcast of the presentation through the Investor Relations section of FIS' official website, www.fisglobal.com. For those unable to attend the live event, a replay will also be made available on the same platform.
This presentation at a prominent technology conference provides an opportunity for FIS to showcase its latest innovations and strategies in the financial technology sector, potentially impacting investor sentiment and stock performance.
FIS, a global financial technology leader, has announced a partnership with Neural Payments to enhance peer-to-peer (P2P) payment capabilities for its clients. The collaboration leverages FIS's NYCE debit rails and global scale to simplify P2P transactions. Key features include:
1. Integration within institutions' mobile banking apps, eliminating the need for separate P2P applications.
2. Recipients can accept funds even if their institution doesn't use Neural Payments.
3. Payments can be settled via mobile wallets, debit cards, FedNow, and The Clearing House RTP.
4. The P2P market is projected to grow from $2.21 trillion in 2022 to $11.62 trillion by 2032.
This partnership aims to streamline money movement for the increasingly digital consumer and is available for immediate use by financial institutions of all sizes.
FIS reported strong Q2 2024 results, raising its full-year outlook. Revenue increased 3% on a GAAP basis and 4% on an adjusted basis to $2.5 billion. GAAP Diluted EPS was $0.43, while Adjusted EPS rose 79% to $1.36. Adjusted EBITDA margin expanded 110 basis points to 40.1%. The company repurchased $1.1 billion of shares in Q2 and announced a new $3 billion share repurchase authorization.
Banking Solutions revenue grew 3% to $1.7 billion, while Capital Market Solutions revenue increased 7% to $722 million. FIS remains committed to shareholder returns, targeting $4.0 billion in share repurchases for 2024. The company raised its full-year revenue outlook and increased its adjusted EPS outlook to $5.03 - $5.11.
FIS, a global financial technology leader, has announced a partnership with Curinos, a data intelligence company, to enhance deposit optimization for clients using FIS' IBS and HORIZON core banking platforms. This collaboration aims to help financial institutions achieve deposit goals, maintain resilience against economic challenges, and offer competitive interest rates to customers.
The partnership addresses obstacles faced by financial institutions, including fluctuating interest rates, regulatory demands, and slowing deposit growth. By leveraging Curinos' data-driven tools, FIS clients can make more informed and profitable decisions. Curinos clients have typically outperformed non-users, experiencing deposit pricing advantages as high as 15bps in various rate environments.
This alliance is part of FIS' strategy to provide innovative, data-driven solutions to regional and community banks, helping them compete effectively in changing market conditions. The collaboration combines FIS' robust customer relationships with Curinos' deposit data and optimization capabilities, empowering clients to achieve their funding goals more efficiently.
FIS (NYSE: FIS), a leading global financial services technology provider, has declared a regular quarterly dividend of $0.36 per common share. This dividend will be payable on September 24, 2024, to shareholders of record at the close of business on September 10, 2024. The announcement demonstrates FIS's commitment to returning value to its shareholders through consistent dividend payments.
FIS (NYSE: FIS), a global leader in financial technology, has been recognized by CNBC as one of the world's top 250 fintech companies for the second consecutive year. The selection was made from 2,000 eligible companies, recognizing FIS in the Banking Solutions category. This acknowledges FIS's innovative, tech-enabled finance-related products and services.
John Durrant, President of Banking Solutions at FIS, highlighted the company's vision to unlock financial technology for the world, emphasizing their efforts in protecting money at rest, facilitating money in motion, and optimizing money at work.
This year, FIS launched its Open Access platform to enhance secure open banking and introduced Atelio™ and Digital One™ Flex Mobile 6.0. Atelio™ provides building blocks for embedding financial services, predicted to grow significantly by 2026. Digital One™ Flex Mobile 6.0 enhances mobile banking capabilities and customer loyalty.
Furthermore, FIS CEO Stephanie Ferris was named American Banker's Most Influential Woman in Fintech for 2024.
FIS (NYSE: FIS), a global leader in financial technology, has announced that it will release its second quarter 2024 financial results on Tuesday, August 6, 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. EDT on the same day.
Investors and 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 the conclusion of the call.
FIS, a global financial technology leader, has launched its new Securities Finance Matching Platform in the UK. This innovative solution uses smart automated matching technology to facilitate secure, scalable, and cost-effective straight-through processing of securities finance trades. The cloud-native platform aims to enhance market resilience by providing an additional route to market, mitigating single-point-of-failure risk.
The platform addresses challenges in the securities finance market by automating the evaluation of multiple factors involved in securities trading, including fee rates, capital requirements, and transaction costs. This automation helps customers achieve greater market depth and liquidity while improving risk management. FIS plans to expand the platform to EU and U.S. markets, pending regulatory approvals.
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