Fidelity National Information Services, Inc. - FIS STOCK NEWS

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.

FIS has launched SMB Digital Lending, a cloud-native solution aimed at streamlining small business loan processes for financial institutions. Developed in partnership with Lendio, this solution leverages advanced data analytics and machine learning to help banks profitably source, underwrite, and fund loans of any size to small and medium-sized businesses (SMBs).

Key features include:

• Fully automated decisioning and loan boarding
• Embedded transaction analytics for holistic borrower health assessment
• Pre-qualification of SMB depositors
• Integration with existing technology stacks

The solution aims to reduce barriers and costs for SMBs seeking funding in a challenging economic environment, while helping banks generate additional revenue growth.

FIS's Post Trade Processing Platform has clinched three prestigious awards across North America, Europe, and APAC. The cloud-based SaaS platform, which streamlines workflows by integrating middle-office, accounting, settlement, securities lending, collateral management, and treasury functions, addresses post-trade challenges with real-time, scalable solutions. It was honored as the Best Sell Side Back Office Platform by Waters Technology in its 2024 Sell-Side Technology Awards, Best Back-Office Platform in the 2024 Waters Technology Asia Awards, and Best Innovation in a Clearing & Settlement Solution by FTF News Technology Innovation Award for 2024. These accolades recognize its excellence in operational efficiency, transparency, innovation, regulatory compliance, and risk management. The platform supports a wide range of asset classes and is available globally, helping financial institutions reduce costs, minimize risks, and optimize their post-trade processes.

FIS (NYSE: FIS), a global leader in financial technology, has been honored with multiple awards for its Treasury & Risk Management Solutions. The company received the Most Innovative Treasury Solution award from Global Finance Magazine and the Best Cash & Treasury Management Solution accolade in the Treasury Management International (TMI) Technology and Innovation Awards. This is the sixth time and fifth consecutive year FIS has been recognized by TMI and the second consecutive year it has won at the Global Finance Awards. Nasser Khodri, President of Capital Markets Solutions at FIS, highlighted the company's commitment to innovation and client-focused approach. FIS' solutions leverage the latest in cloud-based functionality, AI, and data lake technologies to support various financial management needs, including liquidity and risk management, payment acceleration, and workflow improvement. Full award details will be available in the July/August 2024 editions of Global Finance Magazine and on their website.

FIS has announced results from a Forrester Consulting study on the Total Economic Impact (TEI) of its Code Connect platform. The study highlights significant financial and productivity gains for businesses using the platform. A composite customer experienced a net present value (NPV) of $623,000 over three years, resulting in a 193% return on investment (ROI).

Additional benefits include a 20% increase in both developer team productivity and IT security productivity. The platform offers over 700 APIs designed to help financial software developers achieve greater efficiency and innovation.

FIS aims to showcase the impact of scalable APIs on optimizing technology spend and enhancing market capabilities.

New research by FIS shows that UK consumers are experiencing heightened financial anxiety, leading to a phenomenon called 'financial doomscrolling'. Among the 2,000 surveyed, 51% admit to being obsessed with checking their banking apps, with this trend especially prevalent among Gen Z and Millennials.

Financial concerns are widespread: 58% feel worse off than a year ago, 35% are struggling to save, and 75% can't meet financial goals due to inflation and rising living costs. Despite these challenges, 68% of respondents are satisfied with their primary bank, largely due to mobile banking capabilities.

Mobile banking is cited as the top reason for loyalty, with 8 in 10 using financial apps. Additionally, 45% think about their finances daily, with 37% checking their balance regularly. The study reveals that consumers are now more open to discussing their financial situations, a trend termed 'loud budgeting'.

FIS announced that its CEO and President, Stephanie Ferris, has been recognized by American Banker as one of the Most Influential Women in Fintech 2024. She is the only CEO of a publicly traded company on the list. Ferris has led FIS since December 2022 and has been instrumental in driving the company's transformation towards innovation and client-centricity. Under her leadership, FIS has undertaken multiple M&A transactions and launched the Atelio™ by FIS fintech platform. The recognition highlights leadership, teamwork, and significant industry influence.

FIS has launched its Climate Risk Financial Modeler, a SaaS tool to help businesses assess, reduce, and report climate change risks. Leveraging FIS' risk modeling and insurance analytics, the tool integrates client data with third-party climate data to project potential losses from severe weather events and effects on operations. This solution aims to assist companies in meeting regulatory compliance requirements related to climate risks. The tool uses data from PwC US but is not available to companies restricted by PwC’s independence obligations.