Latest news with #FIS®
Yahoo
27-05-2025
- Business
- Yahoo
FIS Triumphs with Two WatersTechnology Asia Award Wins
Key facts: FIS has won in multiple categories at the 2025 WatersTechnology Asia Awards. FIS Climate Risk Financial Modeler won best Environmental, Social and Governance (ESG) Data Provider. FIS Post Trade Processing Platform won Best Reconciliation Platform. JACKSONVILLE, Fla., May 27, 2025--(BUSINESS WIRE)--Global financial technology leader FIS® (NYSE: FIS) has been named as a winner in multiple categories at the 2025 WatersTechnology Asia Awards. FIS was named best ESG Data Provider for its FIS Climate Risk Financial Modeler and Best Reconciliation Platform for its FIS Post Trade Processing Platform. The WatersTechnology Asia Awards recognize excellence in the deployment and management of financial information and technology within Asia's capital markets community. FIS Climate Risk Financial Modeler was named best ESG Data Provider for helping clients assess potential future cashflows impaired by physical climate change and aiding the creation of risk management strategies. FIS' powerful risk modeling and financial analytics help to unlock climate risk insights which can help model and mitigate risk exposure. The solution harmonizes client data with third-party climate data and is hosted on an interface that is directly tailored to the risk management needs of corporates and financial institutions—ultimately driving more proactive foresight into potential climate-related risks. Meanwhile, FIS Post Trade Processing Platform won Best Reconciliation Platform for its exception management, interfaces to widely-used matching engines, and automatic reconciliation of a range of instruments (including equities, fixed income, exchange-traded and OTC derivatives and digital assets). The cloud-based SaaS platform helps to streamline workflows, combining middle-office, accounting, settlement, securities lending, corporate actions, collateral management, and treasury all on one powerful integrated platform, allowing businesses to supercharge their post-trade operations to make money work harder. Nasser Khodri, Head of Capital Markets at FIS said: "Achieving recognition through these awards is a testament to our commitment to help our clients navigate the ever-changing landscape across global markets and unlock financial technology to the world. We're committed to creating end to end experiences for our clients in APAC through our solutions and helping to bring harmony to the money lifecycle across the globe." About FIS FIS is a financial technology company providing solutions to financial institutions, businesses, and developers. We unlock financial technology to the world across the money lifecycle underpinning the world's financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients to confidently run, grow, and protect their businesses. Our expertise comes from decades of experience helping financial institutions and businesses of all sizes adapt to meet the needs of their customers by harnessing where reliability meets innovation in financial technology. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor's 500® Index. To learn more, visit Follow FIS on LinkedIn, Facebook and X. View source version on Contacts For More Information Kim Snider, 904.438.6278Senior Vice PresidentFIS Global Marketing and Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
01-05-2025
- Business
- Business Wire
FIS Harmonizes Payments With Launch of Unified Money Movement Hub
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Global financial technology leader FIS ® (NYSE: FIS) has announced the launch of its Money Movement Hub, an innovative payments solution that helps to simplify the back-end infrastructure of financial institutions by enabling them to connect to multiple payment networks and process payments in one place. Designed as a turnkey solution for a wide range of institutions – from super regional banks to community banks – the Money Movement Hub supports a modernized payments journey that can change with each client's needs. The flexible, cloud-native platform is core-agnostic and allows banks to start with the payment types they need today, then add new capabilities over time through a 'pay-as-you-grow' model. It delivers unified and secure money movement experiences that can be embedded across a variety of customer channels, helping institutions meet digital demands quickly and efficiently. While consumers' expectations for payment ease and efficiency have increased, many institutions are struggling to meet these demands using dated and disparate technology, leaving them exposed to settlement delays and security vulnerabilities. In fact, 57% of organizations that participated in the FIS Harmony Gap survey reported experiencing friction in payments processing, or when money is in motion, at least once a week. The FIS Money Movement Hub helps to harmonize the payments ecosystem within a financial institution by facilitating the integration of major payment networks within one solution, via a single API. As well as helping to reduce complexity for organizations, the solution can increase the accuracy of payments, improve liquidity, and help to quickly remediate security risks. This innovative payments hub responds to evolving consumer demands for faster and more efficient payments, as well as regulatory changes, and aims to transform financial institutions' money movement capabilities. Gareth Lodge, principal analyst at Celent commented, 'Payments are the one thing that unite every customer at every bank, and as their expectations continue to change, they expect more. While our Dimensions research found that 45% of U.S. banks have major payments modernization plans in the next 18 months, these banks need to ensure that they choose a solution that doesn't just meet the needs of today, but also tomorrow.' Jim Johnson, co-president, Banking Solutions at FIS, commented, 'This new solution is a testament to FIS' dedication to unlocking financial technology that efficiently moves money between the world's banks, consumers and businesses. Our new Money Movement Hub can help to reduce the complexity and costs associated with managing multiple payment channels, enabling funds to flow with speed, accuracy and security throughout the money lifecycle.' Features of the FIS Money Movement Hub Unified integration – The FIS Money Movement Hub is designed to integrate with major payment networks, including instant, ACH and wires. Cloud-native - The solution is hosted in FIS' dedicated Amazon Web Services Cloud environment, helping to increase scalability, cost-efficiency, reliability and security. Built-in fraud controls – Real-time in-line transaction and OFAC monitoring, fraud detection, and risk scoring are available within the FIS Money Movement Hub, helping to make payments processing more secure and efficient. Learn More Learn more about the FIS Money Movement Hub. About FIS FIS is a financial technology company providing solutions to financial institutions, businesses, and developers. We unlock financial technology to the world across the money lifecycle underpinning the world's financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients to confidently run, grow, and protect their businesses. Our expertise comes from decades of experience helping financial institutions and businesses of all sizes adapt to meet the needs of their customers by harnessing where reliability meets innovation in financial technology. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor's 500® Index. To learn more, visit Follow FIS on LinkedIn, Facebook and X.
Business Wire
21-04-2025
- Business
- Business Wire
FIS to Report First Quarter Earnings on May 6, 2025
JACKSONVILLE, Fla.--(BUSINESS WIRE)-- FIS ® (NYSE: FIS), a global leader in financial services technology, will announce first quarter 2025 financial results on Tues., May 6, 2025, prior to market open. The company will sponsor a live webcast of its earnings conference call with the investment community beginning at 8:30 a.m. (EDT) the same day. To access the webcast, go to the Investor Relations section of FIS' homepage, A replay will be available after the conclusion of the live webcast. About FIS FIS is a financial technology company providing solutions to financial institutions, businesses, and developers. We unlock financial technology to the world across the money lifecycle underpinning the world's financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients to confidently run, grow, and protect their businesses. Our expertise comes from decades of experience helping financial institutions and businesses of all sizes adapt to meet the needs of their customers by harnessing where reliability meets innovation in financial technology. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500 ® and the Standard & Poor's 500 ® Index. To learn more, visit Follow FIS on LinkedIn, Facebook and X.
Yahoo
10-04-2025
- Business
- Yahoo
New Research by FIS and Oxford Economics Finds That Cyberthreats, Fraud, Regulatory Complexities and Financial Inefficiencies Cost Businesses $100 Million Annually
Key facts: Landmark research of more than 1,000 business leaders across six industries quantifies impact of disruptions and inefficiencies across the money lifecycle. Primary sources of disharmony include cyberthreats, fraud and regulatory complexities. Businesses are losing an average of $98.5 million per year due to this disharmony. Forward-looking businesses are realizing a tangible ROI by addressing these issues with modern solutions like embedded finance. JACKSONVILLE, Fla., April 10, 2025--(BUSINESS WIRE)--Businesses are losing out on an average of $98.5 million a year as a consequence of cyberthreats, fraud, regulatory hurdles and operational inefficiencies, according to landmark new research from global financial technology leader FIS® (NYSE: FIS) in collaboration with Oxford Economics. In two global surveys of a combined 1,000 C-suite business and technology leaders across six different industries, FIS has quantified the true impact of financial, operational and technological disharmony, defined as disruptions and inefficiencies across the money lifecycle, on firms in the U.S., the U.K. and Singapore. "The Harmony Gap: Finding the Financial Upside in Uncertainty" study revealed nine sources of disharmony, the top sources of which include: 88% of respondents identified cyberthreats 79% identified fraud 65% identified regulatory complexities Other tensions identified were operational inefficiencies, payment friction, human errors, illiquidity, financial technology skills gaps, and reputational damage. The survey results also shined a light on the specific financial technologies that forward-looking organizations are employing to address disharmony in their operations. Over four-fifths (82%) of surveyed leaders said they have implemented embedded finance solutions, realizing an average 8.5% growth in sales through these investments. Stephanie Ferris, CEO and president of FIS, said, "We commissioned this research to determine the sources of disruption and inefficiencies within organizations' financial ecosystems, whether money is at rest, in motion or at work. The findings uncover the profound consequences of disharmony in the money lifecycle, and our goal in sharing this research is to empower businesses to overcome these challenges and identify opportunities to create value amidst rising economic uncertainty. By ensuring their financial systems and processes are in harmony, companies can unlock the extra capital and capacity needed to invest in innovation and competitive advantage." Initial findings from the research included: Money in (Slow) Motion Moving funds seamlessly from point A to B is a critical function of nearly every business. Yet, "The Harmony Gap" survey highlighted key points of friction within respondents' payments systems and processes. 51% of those surveyed said their business faces greater tension when money is in motion, including when moving money through payments systems, credit and debit accounts, and card networks, than during other phases of the money lifecycle. While 79% of respondents said their business has adopted automated payment processing technology, 57% reported experiencing transaction delays at least once a month. Businesses Under Siege From Cyberattacks and Fraud The survey respondents identified cybersecurity and fraud as the two most costly sources of friction and tension across the money lifecycle. More than one-third (37%) of respondents said their company experiences cyberthreats daily, and 74% face critical or high-profile threats on a monthly basis. 83% of the respondents surveyed said their firm prioritizes fraud risk management. Yet, 53% said they are unhappy with their fraud response plans. 41% of respondents reported being dissatisfied with their basic software tools for fraud detection and prevention methods. 47% of those surveyed said their company does not regularly train employees on fraud and cyberawareness, leaving these firms more vulnerable. Insurance firms buck the trend: 75% of the respondents from insurance companies reported that their firm relies on employee training for fraud prevention, compared to 48% of respondents from all sectors surveyed. Fintech Strategy Is Key to Growth The survey data underscores that a strategic approach to technology that advances financial transactions is critical for organizations seeking to address disharmony and achieve growth. Respondents from companies with teams dedicated to implementing and managing financial technology – whether in-house or outsourced – reported greater preparedness to tackle key challenges. 85% of leaders surveyed from organizations with dedicated fintech teams reported feeling moderately or very well-equipped to address frictions including inefficiencies, cyberrisks, and compliance failures. Respondents from firms with dedicated fintech teams reported higher sales growth than those without, with 83% of these companies seeing revenue increases after embedding fintech solutions. In contrast, the research identified the insurance industry as lagging in fintech adoption, with only 52% of leaders surveyed from investment companies reporting that they have a fintech team, compared to 74% of respondents across all industries surveyed. Firdaus Bhathena, chief technology officer of FIS, said: "The findings highlight that a well-defined technology strategy, supported by a dedicated and knowledgeable team, is a fundamental component of a firm's success. Companies that invest in building or partnering with fintech expertise are better positioned to optimize their financial operations, mitigate risks and ultimately achieve the financial harmony that drives sustainable growth." Unlocking AI and Automation Potential A notable trend among the executives and business leaders surveyed was the significant investments their organizations are making in AI and automation technologies. Over half (55%) of respondents reported that their companies are investing in innovative solutions such as generative AI and machine learning to meet their strategic objectives. However, 73% cited the high cost of implementation and maintenance as an obstacle to their firm's adoption of AI and automation, as well as struggling with a lack of in-house expertise (64%) and the difficulty of integration with existing systems (58%). Showing signs of optimism despite these obstacles, 56% of respondents said their companies plan to employ AI to increase their organization's agility in response to market dynamics, while 48% anticipated it would enable them to gain new customers. "This groundbreaking research has quantified the impact of tensions within the money lifecycle," Bianca Fisher, research manager at Oxford Economics, said. "This unique analysis has allowed us to identify the cost of financial disharmony and how it can hinder organizational growth and innovation. By working with FIS, we've delivered insights that will help businesses globally understand and address these challenges, leveraging emerging technology solutions like AI and automation to enhance efficiency, security, compliance and strategic decision-making." A preview of "The Harmony Gap" study findings can be found here. FIS plans to release the full survey results ahead of its annual Emerald conference in May. About the Research In partnership with FIS, Oxford Economics conducted two separate surveys, each involving 501 C-suite executives and business leaders at organizations directly involved in financial technology decision-making in the U.S., the U.K., and Singapore, spanning the financial services, technology, fintech, insurance, government and other sectors. A pulse survey was conducted in October and November 2024 to identify tensions – "disharmony" – stemming from issues such as fraud, cyberthreats, human errors, operational inefficiencies, and regulatory complexities, while also exploring the potential growth opportunities these challenges might present. The second survey, conducted in November and December 2024, collected detailed insights into how organizations are implementing strategies to mitigate disharmony. Data for both surveys was collected using computer-assisted telephone interviewing (CATI) and online methodologies. About FIS FIS is a financial technology company providing solutions to financial institutions, businesses, and developers. We unlock financial technology to the world across the money lifecycle underpinning the world's financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients to confidently run, grow, and protect their businesses. Our expertise comes from decades of experience helping financial institutions and businesses of all sizes adapt to meet the needs of their customers by harnessing where reliability meets innovation in financial technology. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor's 500® Index. To learn more, visit Follow FIS on LinkedIn, Facebook and X. View source version on Contacts Kim Snider, 904.438.6278Senior Vice PresidentFIS Global Marketing and Sign in to access your portfolio
Associated Press
25-03-2025
- Business
- Associated Press
FIS Treasury & Risk Solutions Win Big at the 2025 Treasury Management International Awards for Innovation & Excellence
FIS ® (NYSE: FIS), a global leader in financial technology, announced today that it has won two awards at the 2025 Innovation & Excellence awards from Treasury Management International. In the Technology & Innovation category, FIS won the Best Cash & Treasury Management Solution award for its Treasury and Risk Manager, Integrity Edition ('Integrity') solution. FIS also won the Solution Innovation in AI award, celebrating its recently launched Treasury GPT generative AI tool. The awards illustrate FIS' commitment to investing and innovating in solutions for money in motion and at rest, with its vision of unlocking financial technology to help businesses effectively manage liquidity by moving money quickly and at scale, from making payments, to paying down debt or investing. 'Today's treasury management professionals are being faced with an array of modern challenges, not least of which includes an increasing pressure to have holistic and real-time visibility into their liquidity,' said J.P. James, Head of Treasury and Risk at FIS. 'These awards prove that FIS is helping treasurers meet these headwinds—not just by building market-leading and tech-forward and AI-based products. Our team is immensely proud of this recognition and congratulates other recognized companies.' Why Real-time Cash Visibility and Management Matters According to the 2023 Global Treasury Survey from PwC, 100% of corporate treasurers and 97% of CFOs feel that cash and liquidity management are a priority topic, and respondents ranked 'inaccurate forecasting & visibility' as their top challenge. FIS' Integrity solution leverages powerful and scalable cloud-native technology to offer a single modern treasury platform that connects to banking, trading, and business systems—ultimately helping users to unlock real-time cash visibility, holistic risk mitigation, and a clearer path to growth. Embedded within the solution is FIS' newly launched Treasury GPT. This AI-powered tool is the first large language learning model dedicated to FIS Treasury Management solutions and one of the first for the treasury industry as a whole. In collaboration with Microsoft, the tool uses the Microsoft Azure OpenAI Service to quickly generate responses to queries on platform configuration, product information, and best practices for its use. Users interested in FIS' treasury management solutions can visit to learn more. FIS is a financial technology company providing solutions to financial institutions, businesses and developers. We unlock financial technology that underpins the world's financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients confidently run, grow and protect their businesses. Our expertise comes from decades of experience helping financial institutions and businesses adapt to meet the needs of their customers by harnessing the power that comes when reliability meets innovation in financial technology. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor's 500® Index. Kim Snider Senior Vice President FIS Global Marketing and Communications 904.438.6278 SOURCE: Fidelity National Information Services Copyright Business Wire 2025. PUB: 03/25/2025 08:00 AM/DISC: 03/25/2025 08:00 AM
