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Fidelity National Information Services

American multinational provider of financial technology services

Categories

Financial and Banking  

#509

Rank

$35.64B

MarketCap US

US United States

Country

Summary

Fidelity National Information Services, Inc. (or FIS) is an American company on the Fortune 500 list which offers an array of financial products and services including financial software development and support, business process outsourcing for back office banking operations and contact centres, merchant support via POS technology, and digital channels for local small businesses to global enterprises.

FIS offers various products and services for retail and institutional banking, payments, asset and wealth management, risk and compliance, capital markets, insurance and healthcare. FIS provides software applications, services and products to help financial institutions, retailers, brokers and other companies manage their businesses. FIS also provides consulting, systems integration and implementation services.

FIS has operations in more than 100 countries and employs more than 50,000 people worldwide. The company’s global headquarters are in Jacksonville, Florida. FIS is committed to providing innovative and reliable technology solutions that enable its customers to succeed in the ever-changing financial services industry.


History

FIS (Fidelity National Information Services) is an American company that provides technology solutions for the financial services industry. The company is headquartered in Jacksonville, Florida, and has operations in more than 130 countries.

FIS was founded in 1968 as Systematics Inc., a data processing company for banks. In 1983, the company went public and changed its name to Systematics Financial Services Inc. Over the next decade, Systematics continued to expand its business and in 1992, it merged with Alltel Information Services to become Alltel Information Services Inc.

In 2003, Fidelity National Financial, a title insurance company, acquired Alltel Information Services and changed the company's name to Fidelity Information Services (FIS). The acquisition made FIS the world's largest provider of banking and payment technologies.

Since then, FIS has continued to grow through acquisitions and expansions into new markets. In 2006, the company acquired Aurum Technology, a provider of wealth management software. In 2009, FIS acquired Metavante Technologies, a provider of banking and payment technologies, in a $2.9 billion deal.

In 2015, FIS announced its intention to acquire SunGard, a provider of software and services for financial markets, in a $9.1 billion deal. The acquisition was completed in November 2015, making FIS one of the largest technology providers for the financial services industry.

Today, FIS offers a wide range of technology solutions for banking, capital markets, wealth management, and insurance industries. The company provides core banking systems, payment processing solutions, risk management tools, and more to financial institutions around the world. FIS is also a Fortune 500 company, with annual revenue of over $12 billion and more than 55,000 employees.


Mission

FIS's mission is to empower the financial world with innovative technology solutions that enable their clients to better serve their customers and grow their businesses. The company aims to provide world-class technology solutions that are reliable, secure, and scalable, and that help financial institutions improve efficiency, reduce costs, and stay competitive in an ever-changing market.

FIS believes that technology can play a transformative role in the financial industry, and that by harnessing the power of digital innovation, they can help their clients achieve their goals and drive positive change in the world. The company is committed to building strong, long-lasting relationships with its clients, and to delivering exceptional customer service and support at all times.


Vision

FIS's vision is to be the most admired and respected technology solutions provider in the financial industry. The company aims to achieve this by continuing to innovate and develop cutting-edge technology solutions that help their clients succeed in a rapidly changing market.

FIS believes that technology has the power to transform the financial industry and help create a better, more efficient, and more inclusive financial system. The company is committed to driving positive change in the world by developing technology solutions that promote financial inclusion, sustainability, and social responsibility.

FIS's vision is to be a trusted partner and advisor to their clients, providing world-class technology solutions and expertise that help them navigate the complexities of the financial industry and achieve their business objectives. The company aims to be known for its innovation, reliability, and commitment to customer service, and to be recognized as a leader in the financial technology industry.


Key Team

Stephanie Ferris (President)

Gary A. Norcross (Chairman & CEO)


Recognition and Awards
In Q3 2019, FIS acquired Worldpay, a global leader in e-commerce and payments, greatly expanding FIS’ capabilities by enhancing its acquiring and payment offerings and significantly increasing Worldpay’s distribution footprint.

Products and Services

FIS offers a wide range of products and services for the financial industry, including core banking systems, payment processing solutions, risk management tools, and more.

One of FIS's main products is their banking and payments platform, which includes a suite of solutions for banks and financial institutions, including core banking systems, payment processing solutions, and risk management tools. The platform is designed to help banks and financial institutions improve efficiency, reduce costs, and stay competitive in an ever-changing market.

FIS also offers wealth management solutions, including investment management platforms, advisory services, and portfolio management tools, which are designed to help financial advisors and wealth managers better serve their clients.

In addition, FIS provides capital markets solutions, including trading platforms, risk management tools, and compliance solutions, which are designed to help financial institutions manage risk and improve trading performance.

FIS's main products and services are designed to help financial institutions improve efficiency, reduce costs, and stay competitive in a rapidly changing market. The company's technology solutions are trusted by banks and financial institutions around the world, and are known for their reliability, scalability, and security.


References
Fidelity National Information Services
Leadership team

Gary A. Norcross (Chairman & CEO)

Stephanie Ferris (President)

Industries

Financial and Banking

Products/ Services
Banking Technology, Payment Technology, Processing Services, Information Based services
Number of Employees
Above 50,000
Headquarters
Jacksonville, Florida, U.S.
Established
1968
Company Type
Public Limited Company
Revenue
Above - 1B
Traded as
FIS
Social Media

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