Latest news with #FIS
Globe and Mail
3 days ago
- Business
- Globe and Mail
FIS Launches Investor Services Suite to Transform Investor Servicing Lifecycle
Global financial technology leader FIS ® (NYSE: FIS) has launched FIS ® Investor Services Suite , an end-to-end solution designed to transform the investor servicing landscape for financial institutions, as well as alternative and traditional fund managers. The solution helps optimize end-to-end processing for swift customer onboarding and enhanced investor screening, and will make it possible to automate the investor lifecycle, helping to improve operational efficiency and support the ability of clients to meet their regulatory obligations. The launch of the Investor Services Suite comes at a critical time for the capital markets industry. New joint research from FIS and Chartis found that the alternative assets market is expected to exceed $20 trillion by 2025, but increasing regulatory controls and growing operational demands are driving the need for more innovative streamlined solutions. The Investor Services Suite, which caters to hedge funds, private equity, hybrid funds, and retail fund structures, can help deliver fast customer onboarding through digital means, including integrations to ID verification systems, to deliver richer client experiences. Customers can customize anti-money laundering (AML) and Know Your Customer (KYC) capabilities, allowing advanced screening and compliance with AML regulatory requirements across multiple jurisdictions. Additionally, the solution offers functional capabilities to facilitate efficient cash management, and sophisticated fee engines to help provide accurate fee calculations and customizable reporting. Matt Stauffer, SVP, group executive at FIS said: 'Managing investor servicing processes has long been a pain point for fund managers and administrators, especially given increasing regulatory demands, cost pressures and client expectations for personalized services. By enabling greater levels of automation, financial institutions can streamline their investor servicing lifecycle and position themselves for long-term success in a highly variable environment.' By helping fund managers, administrators and private banks modernize their operations, the FIS Investor Services Suite can ultimately benefit end investors by making it possible to enhance transparency, engagement and trust to unlock insights for more informed strategic decisions across the investor lifecycle. 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.
The Mainichi
4 days ago
- Sport
- The Mainichi
Ski jumping's suit trouble is back ahead of Olympics as numerous athletes disqualified
(AP) -- The right suit can help send a ski jumper soaring to gold. The wrong suit will get you grounded. Ski jumping faces more controversy with six months to go until the Winter Olympics after the first high-level competition of the new season saw numerous athletes disqualified over ill-fitting suits. The governing body says it's "perfectly normal." The ski jumping world was rocked in March by the discovery of illegally altered suits on the Norwegian team at the world championships. The International Ski Federation investigated officials and athletes over those changes which could help the wearer soar through the air for longer with the suit's larger surface area. In Saturday's first event of the 2025-26 season -- a summer Grand Prix event on an artificial surface in France -- six male ski jumpers were disqualified because of suit issues such as waist size and three more were "not permitted to start." Another jumper from Japan was blocked from competing as the Grand Prix continued Sunday. The federation told The Associated Press in an e-mailed statement that it's treating the spate of disqualifications as the natural result of tightening up the rules after the Norwegian suit scandal. FIS race director Sandro Pertile said he doesn't think anyone was trying to cheat and that fewer disqualifications will occur as teams get used to the rules. Making specialized ski jumping equipment is "a fairly complicated matter," he said. "It's perfectly normal for teams to need some time to adapt to the new situation after such comprehensive changes to the equipment regulations. Some cope with it straight away, others find it difficult at first," Pertile told the AP. "It's also important to highlight that these disqualifications are clearly a result of technical inadequacies -- there's no sign whatsoever of ill intent from the teams." FIS indicated that a further nine men and five women didn't compete following a "technical approval" process, though it wasn't clear if all of those cases involved their suits. Five of those 14 were on the United States team, which didn't immediately respond to a request for comment. Among those disqualified Saturday was Norway's Kristoffer Eriksen Sundal, who had previously been provisionally suspended earlier this year following the world championships. FIS signaled it will remain rigorous in its checks through the Olympic season but expects to find athletes wearing increasingly snug -- and therefore legal -- suits. "The teams know that they have our full support, and we expect the number of disqualifications to decrease significantly in the coming weeks," Pertile said. "With that said, we will remain strict and precise with equipment check the whole season long; there is no room for exceptions."
CNN
5 days ago
- Sport
- CNN
Ski jumping's suit-cheating saga rolls on as 5 Norwegians are charged over ‘manipulation'
Two Olympic gold medalist ski jumpers and three staffers on the powerful Norway men's team were charged with ethics violations Monday after an investigation into alleged tampering with ski suits at the world championships. The International Ski and Snowboard Federation said star ski jumpers Marius Lindvik and Johann André Forfang, two coaches and a member of the service staff were formally charged as part of an investigation into 'equipment manipulation' at the Nordic worlds Norway hosted in March. Illegally modified suits can help athletes fly further with more aerodynamic resistance. The allegations – backed by video footage and quick confessions by team officials – shook the tight-knit communities of ski jumping and Norwegian sports when they emerged on the final weekend in Trondheim. No timetable was given for hearings or verdicts in a case that intensifies less than six months before the next Winter Olympics open in northern Italy. Bans, fines and disqualification of results are on the slate of punishments open to the FIS Ethics Committee, the governing body said in a statement. Lindvik's gold medal in the men's normal hill event at the worlds held in Trondheim, plus Norway's bronze in the men's team event on the large hill are clearly at risk. FIS said the investigation conducted 38 witness interviews and examined 88 pieces of evidence, and that no one else will be charged in the case. Lindvik and Forfang, who both were in the team that took bronze, denied involvement in March though were disqualified from the individual large hill event and suspended by FIS for the rest of the season. Their charges were signed off by the FIS ruling council, the governing body said. The 27-year-old Lindvik has been expected to defend his Olympic title next year in the men's large hill event at the Milan-Cortina d'Ampezzo Winter Games. Forfang, now 30, took team gold on the large hill and individual silver on the normal hill at the 2018 Olympics held in South Korea. Admissions of guilt were made in March by head coach Magnus Brevik and equipment manager Adrian Livelten, who said suits were altered only before the men's large hill event. 'We regret it like dogs, and I'm terribly sorry that this happened,' Brevik said at the time. A third team staffer, Thomas Lobben, also is now charged. The manipulation was to increase the size of suits pre-approved and microchipped by FIS, and was captured on secretly filmed footage. It led to formal protests from the Austria, Slovenia and Poland teams. The alterations could be confirmed only by tearing apart the seams of the crotch area on the Norwegian ski suits. The case will be judged by three members of the ethics panel which must reach verdicts 'no later than 30 days after the hearing process is concluded,' FIS said. FIS has already tightened up its rules on ski jump suits, something which caused a spate of disqualifications when athletes gathered for the first competition of the new season Saturday. FIS said that was down to technical issues and it didn't suspect 'ill intent.'
ITV News
5 days ago
- Sport
- ITV News
Olympic gold medallists and coaches charged with ski suit tampering ahead of Winter Olympics
Two Olympic gold medallist ski jumpers and three staffers on Norway men's team have been charged with ethics violations by the International Ski and Snowboard Federation. The charges follow an investigation into whether the team had tampered with ski suits at the world championships in Norway in March. The International Ski and Snowboard Federation (FIS) has confirmed that star ski jumpers Marius Lindvik and Johann André Forfang, two coaches and a member of the service staff were charged under ethics and competition rules after an investigation into 'equipment manipulation'. Illegally modified suits could help athletes to fly further and it led to formal protests at the event from the Austria, Slovenia and Poland teams. Lindvik's gold medal in the men's normal hill event at the world championships is now in doubt, along with Norway's bronze in the men's team event on the large hill. Lindvik and Forfang, who were both in the team that took bronze, denied involvement but have been suspended by FIS for the rest of the season. The allegations first emerged at the world championship event and were backed by video footage and quick confessions from the head coach and equipment manager, who said the suits were altered only before the men's large hill event. 'We regret it like dogs, and I'm terribly sorry that this happened,' head coach Magnus Brevik said at the time. FIS said the investigation had since conducted 38 witness interviews and examined 88 pieces of evidence. No one else will be charged in the case. The timeframe for hearings into this case have not been released but if found guilty, the team members face bans, fines and disqualification of results. The charges come six months out from the Winter Olympics in northern Italy where 27-year-old Lindvik was hoping to defend his Olympic title in the men's large hill event. Forfang, now aged 30, took team gold on the large hill and individual silver on the normal hill at the 2018 Olympics held in South Korea. It has prompted the governing body to tighten the rules around ski suits which has led to a number of disqualifications. During the first event of the 2025-26 season on Saturday, six male ski jumpers were disqualified because of suit issues such as waist size and three more were 'not permitted to start'. Another jumper from Japan was also blocked from competing the next day at the Grand Prix event in France. FIS race director Sandro Pertile said it was "perfectly normal" for teams to need some time to adapt to the new changes to the equipment regulations. 'It's also important to highlight that these disqualifications are clearly a result of technical inadequacies — there's no sign whatsoever of ill intent from the teams,' he said. FIS indicated it would remain rigorous in its checks throughout the Olympic season. There have been several other high profile cheating scandals in recent history, which have rocked the international sporting community. Three years ago, world chess champion Magnus Carlsen accused rival Hans Niemann of cheating. The American grandmaster denied using a vibrating sex toy to cheat during a huge legal row between the two players which settled for $100 million (£74.2 million). In 2018, the Australian cricket team was involved in a ball-tampering scandal. Players Steve Smith, David Warner and Cameron Bancroft received bans for their roles in altering the condition of the ball with sandpaper in the Cape Town Test against South other high-profile people in Australian cricket quit over the scandal and a review into Cricket Australia's culture found the organisation was arrogant. Bloodgate was a rugby union scandal that involved English team Harlequins in 2009 when it took on Irish side Leinster. Player Tom Williams used a fake blood capsule to trigger a substitution and get Nick Evans back on the pitch. In April 1980, Rosie Ruiz was crowned winner of the women's division of the Boston Marathon. But she was stripped of her title eight days later when it was revealed she had not run the entire course.
STV News
5 days ago
- Sport
- STV News
Olympic gold medallists and coachces charged with ski suit tampering
Two Olympic gold medallist ski jumpers and three staffers on Norway men's team have been charged with ethics violations by the International Ski and Snowboard Federation. The charges follow an investigation into whether the team had tampered with ski suits at the world championships in Norway in March. The International Ski and Snowboard Federation (FIS) has confirmed that star ski jumpers Marius Lindvik and Johann André Forfang, two coaches and a member of the service staff were charged under ethics and competition rules after an investigation into 'equipment manipulation'. Illegally modified suits could help athletes to fly further and it led to formal protests at the event from the Austria, Slovenia and Poland teams. Marius Lindvik, of Norway, in action in March. / Credit: AP Lindvik's gold medal in the men's normal hill event at the world championships is now in doubt, along with Norway's bronze in the men's team event on the large hill. Lindvik and Forfang, who were both in the team that took bronze, denied involvement but have been suspended by FIS for the rest of the season. ohann Andre Forfang after his second round jump of the ski jumping men's large hill individual competition in March. / Credit: AP The allegations first emerged at the world championship event and were backed by video footage and quick confessions from the head coach and equipment manager, who said the suits were altered only before the men's large hill event. 'We regret it like dogs, and I'm terribly sorry that this happened,' head coach Magnus Brevik said at the time. FIS said the investigation had since conducted 38 witness interviews and examined 88 pieces of evidence. No one else will be charged in the case. The timeframe for hearings into this case have not been released but if found guilty, the team members face bans, fines and disqualification of results. The charges come six months out from the Winter Olympics in northern Italy where 27-year-old Lindvik was hoping to defend his Olympic title in the men's large hill event. Forfang, now aged 30, took team gold on the large hill and individual silver on the normal hill at the 2018 Olympics held in South Korea. It has prompted the governing body to tighten the rules around ski suits which has led to a number of disqualifications. During the first event of the 2025-26 season on Saturday, six male ski jumpers were disqualified because of suit issues such as waist size and three more were 'not permitted to start'. Another jumper from Japan was also blocked from competing the next day at the Grand Prix event in France. FIS race director Sandro Pertile said it was 'perfectly normal' for teams to need some time to adapt to the new changes to the equipment regulations. 'It's also important to highlight that these disqualifications are clearly a result of technical inadequacies — there's no sign whatsoever of ill intent from the teams,' he said. FIS indicated it would remain rigorous in its checks throughout the Olympic season. There have been several other high profile cheating scandals in recent history, which have rocked the international sporting community. Three years ago, world chess champion Magnus Carlsen accused rival Hans Niemann of cheating. The American grandmaster denied using a vibrating sex toy to cheat during a huge legal row between the two players which settled for $100 million (£74.2 million). Former Australian cricket vice captain David Warner cries as he talks to the media following the ball tampering scandal. / Credit: AP In 2018, the Australian cricket team was involved in a ball-tampering scandal. Players Steve Smith, David Warner and Cameron Bancroft received bans for their roles in altering the condition of the ball with sandpaper in the Cape Town Test against South Africa. Several other high-profile people in Australian cricket quit over the scandal and a review into Cricket Australia's culture found the organisation was arrogant. Bloodgate was a rugby union scandal that involved English team Harlequins in 2009 when it took on Irish side Leinster. Player Tom Williams used a fake blood capsule to trigger a substitution and get Nick Evans back on the pitch. Rosie Ruiz after finishing the Boston Marathon in 1980. / Credit: AP In April 1980, Rosie Ruiz was crowned winner of the women's division of the Boston Marathon. But she was stripped of her title eight days later when it was revealed she had not run the entire course. Get all the latest news from around the country Follow STV News Scan the QR code on your mobile device for all the latest news from around the country
