Tagged: fis

30+% of Brits Ditched Their Bank During Pandemic: FIS Study

More than 30 per cent of British consumers have entered a new banking relationship with a financial institution or non-bank service provider during the COVID-19 pandemic, according to a new report released from financial technology provider FIS. The FIS PACE Survey examines how UK consumers… Read More

Jordan based Money.Jo Partners with FIS to Launch IT Infrastructure Supporting Consumer Lending

FIS and Money.Jo have teamed up to adapt to significant changes in consumer behavior in the MENA region. Less than a year after establishing business operations in Jordan, Money.Jo (also called Money for Finance) became the nation’s leading consumer loan provider, with €3.9 million in… Read More

Open Banking Challenge and Hackathon, Focused on Variable Recurring Payments, to Launch this Month

Major brands in the Open Banking space have unveiled a new challenge: The VRP Hackathon. It’s organized by Open Future World, Ozone and UK Finance and supported by Accenture, Mastercard, VOLT and Worldpay from FIS. Until now, Open Banking has mainly been focused on settling… Read More

BNP Paribas to Integrate FIS’ Cleared Derivatives Suite for Supporting Full Post-Trade Lifecycle

BNP Paribas (EPA: BNP), a French international banking group that’s ranked as the 8th largest bank in the world in terms of total assets (appr. €2 trillion), is partnering with financial solutions provider FIS (NYSE: FIS). Through the partnership, BNP Paribas will be extending support… Read More

FIS and The Venture Center Announce Firms Chosen for FIS Fintech Accelerator

Financial technology leader FIS (NYSE:FIS) and The Venture Center have unveiled the 10 firms chosen to participate in the 2021 FIS Fintech Accelerator program. As mentioned in an update shared with CI: “In its sixth year, the FIS Fintech Accelerator program is focused on identifying… Read More

Crypto Exchange CEX.IO Teams Up With FIS to Support Consumer Debit Cards Launch

CEX.IO, a global cryptocurrency exchange based in the UK, announced earlier this week it has selected FIS (NYSE:FIS) to provide card management and processing services for a new line of crypto-based consumer debit cards across Europe. Established in 2013, CEX.IO states it providers reliable services backed… Read More

UK Fintech Modulr Secures Strategic Investment from FIS

Modulr, a Payments as a Service API Platform for digital businesses, has revealed that it received a strategic investment from the venture division of FIS. FIS intends to leverage Modulr‘s API-enabled payments infrastructure to carry out and automate real-time, B2B payments in the UK and… Read More

FIS Opens Applications For 2021 FIS Fintech Accelerator Program

  U.S.-based fintech FIS (FIS) announced on Thursday that applications are being accepted for the 2021 FIS Fintech Accelerator program. FIS reported the program, which is in partnership with The Venture Center and the State of Arkansas, is focused on finding and helping growth-stage fintech startups accelerate… Read More

Two-Thirds or 68% of Indian Consumers are Now Using Digital or Mobile Banking Platforms to Settle Transactions, Instead of Cash: Report

Over two-thirds or 68% of Indian consumers are currently using digital or mobile banking platforms to settle transactions, according to a new report. The use of online banking services and contactless payments has increased significantly due to the COVID-19 crisis – which had led to… Read More

FIS Introduces Chargeback Indemnification Service For Cryptocurency Brokers & Exchanges “Fraud Freedom”

FIS (NYSE: FIS), a financial services technology firm, announced on Tuesday the launch of Worldpay’s Fraud Freedom, a new chargeback indemnification service designed for cryptocurrency brokers and exchanges.  According to FIS, Fraud Freedom service helps crypto brokers and exchanges optimize payment conversion, and authorization rates… Read More

Digital Transformation: Only 40% of Consumers Expect to Visit Physical Bank Branches After COVID-19, a Survey by Fintech Novantas Reveals

The month of April 2020 saw a dramatic 200% surge in the number of new mobile banking registrations, meanwhile, mobile banking traffic increased by 85%, according to data from Fidelity National Information Services (FIS). The significant increase in mobile-based transactions may be attributed to the… Read More

FIS Announces Digital Issuance Solution Now Allows Financial Institutions to Provide Newly Approved Applicants With Immediate Access to New Credit & Debit Accounts Through Mobile

FIS (NYSE: FIS), a financial services technology firm, announced on Monday that FIS Digital Issuance, a solution that allows financial institutions to provide newly approved applicants with immediate mobile access to their credit and debit accounts. According to FIS, Avidia Bank is the first financial… Read More

Neobank Startup Bambu Teams Up With FIS Platform to Bring Mobile-App Banking Services For Unbanked Consumers

FIS (NYSE: FIS), a financial services technology firm, announced on Thursday it has joined forces with neobanking group Bambu to power a new digital solution for the U.S. unbanked and underbanked. According to FIS, Bambu has created the solution to provide banking for underbanked Hispanics… Read More

Fintech Solution Provider FIS’ VC Division to Invest $150 Million in High-Potential Financial Tech Companies

FIS (NYSE:FIS), a financial services technology provider, revealed on April 28, 2020 that its newly formed corporate venture investment division, FIS Ventures, has introduced an initiative that will aim to invest $150 million in high-potential Fintech firms in the coming years. FIS is a publicly-traded… Read More

FIS Announces Extension of PayPal Partnership to Enable U.S. Cardholers to Redeem Loyalty Points for Purchases

FIS (NYSE: FIS), a financial services technology firm, announced on Thursday it is extending its partnership with payments platform giant PayPal to enable millions of cardholders of U.S. financial institutions to participate in PayPal’s Pay with Rewards. FIS reported beginning in the third quarter of… Read More

FIS Partners With Liberis to Allow “Working Capital” Platform to Provide U.S. Small Businesses With Alternative Funding Solutions

FIS (NYSE: FIS), a financial services technology firm, announced on Wednesday it is teaming with Liberis, a UK-based fintech that provides alternative funding for small businesses, to launch Working Capital to provide alternative funding solutions for U.S. small businesses. FIS reported that through its Working… Read More

FIS Announces Payment Processing Expansion in Africa

FIS (NYSE: FIS), a financial services technology firm, announced on Friday it has expanded its payment processing in Africa. Through the expansion efforts, FIS will integrate technology from Flutterwave, a U.S.-based payments technology company with operations in Africa, into its Worldpay payment processing platform for… Read More

FIS Opens Applications For 2020 Fintech Accelerator Program

Fintech

FIS (NYSE: FIS), a financial services technology firm, announced on Tuesday it has opened applications for the 2020 FIS Fintech Accelerator. According to FIS, the FIS Fintech Accelerator program is conducted in collaboration with the State of Arkansas and Little Rock-based The Venture Center. It… Read More

WorldPay Announces Agreement with JCB to Allow Japanese Businesses to Accept Payments By JCB Cards

FIS (NYSE: FIS) announced on Thursday it has entered into an agreement with JCB, a global payment network. Through the agreement, FIS’ global e-commerce platform, WorldPay, will allow businesses that are operating in Japan to accept payments by JCB cards and will now provide an… Read More

FIS Completes Acquisition of WorldPay

FIS (NYSE: FIS), a financial services technology firm, announced on Wednesday it has completed the acquisition of WorldPay, a global payment technology provider. FIS notably acquired WorldPay for $35 million. As previously reported, WorldPay claims to be a “global leader” in payments processing technology and… Read More

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