FIS

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Fidelity National Information Services, Inc. (NYSE: FIS) is a leading global provider of financial services technology solutions headquartered in Jacksonville, Florida. The company was founded in 1968 and offers a wide range of products and services including:

  • Core processing and ancillary applications

  • Mobile and online banking

  • Fraud, risk management, and compliance solutions

  • Card and retail payment processing

  • Electronic funds transfer and networking

  • Wealth and retirement services

  • Item processing and output solutions

FIS also provides trading and asset management, lending, and treasury and risk management solutions for financial institutions, businesses and developers worldwide.

The company operates through two main segments:

  • Banking Solutions: Provides core processing and ancillary services to banks. This segment saw full-year revenue increase by 2% to USD 6.7 billion in 2023.

  • Capital Market Solutions: Offers record-keeping and other services to investment firms. This segment's full-year revenue increased by 5% to USD 2.8 billion in 2023.

FIS has expanded its global footprint through strategic acquisitions over the years, including SunGard in 2015 and Worldpay in 2019. However, in early 2024, FIS sold a majority stake in its Worldpay merchant solutions business to private equity firm GTCR.

The company reported full-year 2023 revenue of approximately USD 9.8 billion, a 1% increase from the previous year. FIS has raised its share repurchase goal to USD 4.0 billion by the end of 2024 and approved a quarterly dividend of USD 0.36 per common share. For 2024, FIS projects accelerated revenue growth, expanding adjusted EBITDA margins, and year-over-year adjusted EPS growth.

HQ Location:
601 Riverside Avenue Jacksonville FL USA
Founded year:
1968
Employees:
10,000+
FinTech Infrastructure
FinTech Infrastructure
Business Expense Management
Business Expense Management
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