FIS Global
"Global financial technology leader FIS® announced the launch of FIS Enterprise Risk Suite on Amazon Web Services (AWS). Upgrading risk software has always meant disruption and for firms managing risk in real-time, that’s a trade-off they can’t afford. This deployment on AWS reduces this by delivering a cloud-native risk management platform that keeps financial institutions on the latest version of the software, continuously and without operational disruption."
FIS Global
"Commonwealth Bank of Australia (CommBank) is adopting FIS Data Integrity Manager to consolidate and automate reconciliation across the bank. Delivered in a SaaS model, the solution will process over 150 million transactions daily on a single, unified platform, enhancing operational efficiency and scalability. FIS is delivering the solution via Microsoft Azure, providing cloud-native scalability and seamless third-party integrations."
FIS Global
"FIS® announced that it is working with Anthropic to bring agentic AI to banking, beginning with the Financial Crimes AI Agent. The agent will compress anti-money-laundering investigations from hours to minutes, automatically assembling evidence across a bank's core systems, evaluating activity against known typologies, and surfacing the highest-risk cases for investigator review. BMO and Amalgamated Bank will be among the first institutions to deploy the agent."
FIS
"FIS has announced Lyriq™, a platform purpose-built for regulated financial institutions, with compliance, access controls, and auditability built into the core infrastructure. Lyriq keeps tokenized deposits, stablecoins and other digital assets on issuing bank balance sheets, integrates with existing core banking systems regardless of provider, and enables 24/7 settlement with transactions that complete fully or fail cleanly."
FIS
"Actuaries spends a substantial amount of their time searching for information buried in technical documentation on risk modeling. Global financial technology leader FIS ® is changing that with the launch of its Insurance Risk Suite AI Assistant, a generative AI tool that instantly answers complex questions about building and maintaining risk models—in any language."
FIS Global
"FIS® announced the launch of its first offering to enable agentic commerce on the heels of announcing the close of the acquisition of its FIS® Total Issuing™ Solutions portfolio. FIS’ new agentic commerce offering is the first to enable banks to safely and securely conduct commerce with AI agents and card networks."
FIS Global
"FIS® announced the completion of its acquisition of Global Payments' Issuer Solutions business, formerly known as TSYS, for an enterprise value of $13.5 billion, or a net purchase price of $12 billion including $1.5 billion of net present value of tax assets. Offerings from this asset, the world’s largest issuing business, will now go to market under the FIS® Total Issuing™ Solutions portfolio brand."
FIS
"FIS is soon to launch Smart Basket, a solution being designed to use real-time basket intelligence to drive value for consumers and businesses at the point of sale. Smart Basket uses real-time intelligence to analyze purchase transactions and deliver targeted promotions. FIS is developing Smart Basket to allow multiple payment types to be applied in a single purchase for debit and credit programs."
Business Wire
"FIS® announced it has completed its acquisition of Amount, a provider of unified digital banking origination and decisioning experiences for financial institutions. FIS strategically expands its portfolio of solutions that support the money lifecycle: At Rest: simplifies account opening with processes that reduce fraud and ensure compliance; In Motion: streamlines credit card issuance and payments with faster approvals and seamless customer journeys; At Work: empowers institutions with tools to deliver exceptional service."
FIS Global
"FIS® announced the launch of FIS Neural Treasury, an AI-powered suite designed to transform how treasury operations utilize technology to run their business and manage their money in motion. The solution suite combines AI, machine learning and robotics to help corporate treasurers in business of various sizes with increasing efficiency, reducing operational risk and unlocking cash flow to help fund strategic growth opportunities."
FIS Global
"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."
Business Wire
"FIS® announced a new partnership with a subsidiary of Circle Internet Group, Inc. to give financial institutions the ability to transact in USDC, the world’s largest regulated stablecoin. This partnership launches on the heels of new U.S. stablecoin legislation that paves the way for digital assets to become more integrated with traditional finance in the U.S."
FIS
"FIS and Visa have expanded their relationship to collaborate on new value-added payment capabilities for financial institutions of all sizes, helping to level the technological playing field for regional and community banks across money in motion."
FIS Global
"Global business and technology leaders are already seeing benefits from the use of AI and automation, with over three-quarters (78%) reporting measurable improvements in the ability to detect fraud and manage risk after their organization’s integration of the technology. This is according to “The Harmony Gap: Finding the Financial Upside in Uncertainty” report, published in full today by global financial technology leader FIS® (NYSE: FIS) in collaboration with Oxford Economics."
FIS Global
"Global financial technology leader FIS® 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."
FIS Global
"FIS® announced the launch of FIS Treasury and Risk Manager - Treasury GPT, a proprietary generative AI-driven product support tool embedded within its FIS Treasury and Risk Manager – Integrity Edition. In collaboration with Microsoft, the tool uses Microsoft Azure OpenAI Service for enhanced data and risk management, and quickly generates responses on queries pertaining to product usability, client configuration, policies and best practices for use of the solution."
FIS Global
"FIS today announced it is one of the first providers in the fintech industry certified to enable send capabilities for credit transfers in the Federal Reserve’s FedNow instant payment service. The addition of send capabilities and real-time alerts will enable FIS’ financial institution clients to fully harness the entire FedNow service by providing their consumers and commercial borrowers with a modernized and unified digital payment experience."
IBS Intelligence
"US banking and PayTech giant FIS has reportedly signed a $300 million deal to acquire London-based FinTech Demica , several media reports stated on Monday. Founded in 1992, Demica offers a cloud-based supply chain finance powering the trade finance programme for large trade banks and corporations. The solution integrates with multiple bank payment gateways to automate real-time payments in over 30 countries."
FIS
FIS® announced a collaboration with Oracle to bring enhanced billing and payment capabilities to Oracle’s utility customers. The FIS BillerIQ solution will enable the rollout of electronic bill delivery and provide a seamless experience from consumption to payment. 75% of organizations still use paper checks for bill payments.
Digital Transactions
"More than a year after spinning off a majority interest in the massive Worldpay merchant-processing platform, FIS Inc.’s top brass said early Monday the move is already paying off. And the company is revving up its acquisition engine again, with $1 billion committed to do deals this year."
FIS Global
"Strengthening online security tops the innovation wishlist of Singapore banking customers surveyed, with “money lock” to prevent withdrawals emerging as the most sought-after innovation, ranking above features like cardless withdrawals and voice-activated virtual assistants."
Business Wire
"FIS® announced that it is unlocking the Neural Payments solution to its clients, expanding the availability of peer-to-peer (P2P) payments by leveraging the company’s global scale and NYCE debit rails to bring this capability to a wider range of institutions."
FIS Global
"FIS® announced the launch of its new SMB Digital Lending solution. Created in partnership with Lendio, the solution aims to reduce the barriers to funding for small and medium-sized businesses by streamlining and automating lending processes for financial institutions."
Business Wire
"FIS® has introduced Atelio by FIS™, a fintech platform that provides the building blocks for financial institutions, businesses and software developers to embed financial services into their offerings."
FIS Global
"FIS® announced that its SecurLOCK™ card fraud management solution is poised to deliver an increase in accurately identified and prevented fraudulent card transactions utilizing a new collaboration with FIS Fintech Accelerator alumnus Stratyfy."
Business Wire
"FIS® announced it has entered a strategic partnership with Banked, a leading provider of open banking solutions, to drive new pay-by-bank offerings for both businesses and consumers."
FIS Global
"As businesses race to deploy new solutions leveraging artificial intelligence, a new study from FIS®, suggests they may be out of lockstep with their customers."
Businesswire
"Worldpay from FIS®, a global leader in financial services technology, has today unveiled Revenue Boost, a turnkey solution, powered by machine learning, designed to help merchants process more card-not-present transactions while lowering the cost and risk of taking payments."
Business Wire
FIS®, a global leader in financial services technology, has announced it is among the first in the fintech industry to complete testing and certification for the FedNow® Service, the Federal Reserve’s new instant payment offering launching in July 2023. The certification is for “Credit Transfer – Receive Only” payments, which allows FIS to receive payments from any financial institution that sends money over the FedNow network, send payment returns as well as provide various acknowledgements, requests, and responses.
PR Newswire
"GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to acquire a majority stake in Worldpay, a leading global provider of payment processing solutions, from FIS®, a global leader in financial services technology. GTCR will acquire 55% of Worldpay, and FIS will retain the remaining 45%, in a transaction that values the business at $18.5 billion."