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.
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FIS (NYSE: FIS) will announce its Q4 2023 financial results on February 26, 2024, before the market opens. The company will host a live webcast of its earnings conference call at 8:30 a.m. (EST) on the same day. Investors can access the webcast on FIS' website and a replay will be available afterwards.
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FIS has completed the sale of a majority stake in its Worldpay Merchant Solutions business to private equity funds managed by GTCR in a transaction valuing the business at an enterprise value of $18.5 billion. FIS will maintain a minority ownership position in Worldpay and continue strong commercial agreements with them, creating a joint strategic go-to-market partnership.
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FIS has launched the 2024 FIS Fintech Hangout Series to foster collaboration and knowledge sharing among fintech startups, investors, financial institutions, and FIS. The initiative supports the FIS Fintech Accelerator Program, aiming to spark meaningful conversations, share best practices, and showcase the work of participating fintechs. The series consists of monthly thematic events, with the inaugural event focusing on risk and compliance. The FIS Fintech Accelerator Program, a 12-week program, helps fintechs refine their product models and scale their businesses. Four members of the program were named to the GGCV U.S 2024 Fintech Innovation 50. Applications for the FIS Fintech Accelerator Program 2024 will open in March 2024.
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FIS (NYSE: FIS) expands sell-side solutions to new buy-side clients, offering Cleared Derivatives and Cross-Asset Trading and Risk Platforms to help buy-side firms access new revenue streams, reduce risk, and drive operational efficiency.
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HMV (NYSE: FIS) partners with Worldpay from FIS to expand its European presence through an enhanced omni-channel strategy. The partnership aims to provide HMV with greater flexibility and choice in improving their omni-channel strategy across 34 geographic markets. Worldpay Omnichannel, developed in partnership with FreedomPay, allows merchants to operate across borders and Point of Sale (POS) providers, supporting both major and local card schemes, alongside local payment methods. The solution enables synchronization and tokenization across multiple channels, allowing merchants to operate more efficiently and innovate to better meet shoppers’ expectations and changing payment habits. The solution is currently live in HMV’s Dublin and Antwerp stores and will be rolled out across Europe in the coming months.
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Alchemy Pay (ACH) enters strategic partnership with Worldpay to expand payment capabilities and access Visa and Mastercard payment rails. Worldpay, acquired by FIS (NYSE:FIS), is a top acquirer on Nasdaq and handles over 130 million transactions daily. This partnership aims to enhance global presence and reduce barriers for crypto and NFT transactions.
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FIS (NYSE: FIS) conducted a study on generative artificial intelligence (GenAI) and its impact on consumer trust in the financial services industry. The study revealed that 71% of Americans feel anxious about GenAI, and 58% would be 'comfortable' with their bank using the technology under specific terms. Data transparency, human oversight, and government regulation are key factors for consumer trust in GenAI.
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Worldpay from FIS (NYSE: FIS) found that online marketplaces are now as popular as physical stores, with 77% of consumers having shopped through an online marketplace in the last 12 months. The UK and the US have the highest rate of bargain hunters. The report also revealed that consumers still have a desire to be loyal to the brands they love, indicating a preference for shopping directly with a brand. However, merchants need to replicate the marketplace experience within their own online offering to stay competitive.
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Cotribute (FIS) receives Global Know Your Customer (GKYC) certification from FIS, providing a seamless digital onboarding experience for community banks and credit unions with advanced identity verification, fraud detection, and screening tools.
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FIS (NYSE: FIS) to Present at UBS Global Technology Conference on Nov. 29th, 2023
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FAQ
What is the current stock price of Fidelity National Information Services (FIS)?
The current stock price of Fidelity National Information Services (FIS) is $78.91 as of January 21, 2025.
What is the market cap of Fidelity National Information Services (FIS)?
The market cap of Fidelity National Information Services (FIS) is approximately 41.7B.
What does Fidelity National Information Services (FIS) do?
FIS provides core processing, payment solutions, risk management, compliance, and outsourcing services to financial institutions and merchants globally.
Who are the clients of FIS?
FIS serves over 20,000 clients including banks, investment firms, and merchants across more than 130 countries.
What is the significance of FIS's acquisition of SunGard?
The acquisition of SunGard in 2015 expanded FIS's services to include record-keeping and other essential services for investment firms.
What happened to Worldpay after FIS's acquisition?
After acquiring Worldpay in 2019, FIS later sold off a majority interest, retaining only a minority stake.
How does FIS contribute to the global economy?
FIS powers commerce and financial transactions worldwide, helping businesses and communities thrive by advancing payment, banking, and investment processes.
What are the latest advancements by FIS?
Recent advancements by FIS include digital payment innovations and enhanced security measures to ensure seamless and secure financial transactions.
Where can I find more information about FIS?
More information about FIS can be found on their official website at http://www.fisglobal.com.
What is the financial condition of FIS?
FIS maintains a robust financial condition supported by strategic partnerships and a diversified product portfolio.
What are the current projects of FIS?
Current projects at FIS focus on improving transaction efficiency, enhancing customer experience, and expanding their global footprint.
How extensive is FIS's global reach?
FIS operates in over 130 countries, serving more than 20,000 clients and over one million merchant locations.
Fidelity National Information Services, Inc.
NYSE:FIS
FIS Rankings
FIS Stock Data
41.73B
537.80M
0.1%
97.9%
2.31%
Information Technology Services
Services-business Services, Nec
United States of America
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