FIS Global Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

FIS Global Strengths, Domain Expertise, and Key Differentiators

FIS holds a significant position within the financial technology sector. The company's broad market reach extends to financial institutions and businesses across diverse industries, emphasizing its role in facilitating global commerce. FIS's strategic focus on innovation, system performance, and flexible architecture underscores its commitment to staying ahead in technological advancements. Moreover, the dedication of FIS employees to advancing technology and delivering superior client experiences highlights a strong internal culture aligned with the company's mission. FIS's client-centric approach, characterized by collaboration to solve business challenges and enhance customer experiences, reflects a partnership-oriented business model aimed at delivering tangible value to clients.

FIS Global Recent Developments

In February 2024, FIS announced a significant advancement in its efforts to promote secure open banking for its clients and their customers. FIS has entered into agreements with prominent data networks such as Akoya, Envestnet | Yodlee, MX, and Plaid to integrate them into its Open Access platform. This platform represents an innovative approach to open banking, allowing consumers to securely and effortlessly share their financial information with a broader array of third-party financial apps and services. FIS' Open Access platform empowers consumers to access and share their financial data in a secure, streamlined, and controlled manner. It offers consumers the flexibility to engage with third-party financial services app providers while retaining control over which information is shared and with whom. Moreover, consumers have the ability to revoke access to their data at any time, enhancing their privacy and security.

In June 2021, FIS announced the first in a new series of solutions developed in partnership with C3 AI to help capital markets firms tap into the power of their organizational data to increase efficiency and better manage regulatory compliance and risk. The AML Compliance Hub leverages C3 AI’s advanced machine learning technology, combined with the deep financial industry domain expertise of FIS, to dramatically improve the efficiency of financial crime detection. Designed to help capital markets firms fight the increasing threat of financial crime, the machine learning-based platform aggregates and analyzes client data across disparate systems to enhance AML and KYC processes, improving decision-making and reducing false-positive alerts.

FIS plans to build/expand its presence in the fintech market space, based on FIS’ 2019 acquisition of Worldpay. Its performance in the banking and capital market segments was strengthened, following the Worldpay acquisition. But FIS is broadening its focus even more, to generate more momentum across the financial and fintech markets in CY2021; its year-end results will be reported in early 2022

In April 2020, FIS has launched FIS Ventures, its corporate venture investment division. FIS Ventures will invest $150m globally in early to growth-stage fintech startups with a focus on emerging technologies such as artificial intelligence and machine learning, digital enablement and automation, data and analytics, security and privacy, distributed ledger technology, and financial inclusion. In addition to capital investments, FIS Ventures will actively partner with these companies, providing proprietary access as appropriate to FIS’ global reach and scale, operating expertise, diverse customers and channel partners to fulfill their long-term growth ambition. The first investment was made in Nigeria-based fintech startup Flutterwave.

FIS Global Mergers and Acquisitions (M&A) Activities

In February 2024, FIS completed the sale of a majority stake of Worldpay to GTCR, resulting in Worldpay becoming an independent company. Despite this change in ownership, Worldpay and FIS will maintain strategic partnerships through long-term commercial arrangements, ensuring that clients of both companies continue to have access to a wide range of complementary solutions. The completion of this transaction reaffirms FIS' position as a global leader in enterprise software. With favorable industry trends, a strong client base, and top-tier products and solutions, FIS is poised for continued success. As a more focused company with a strengthened balance sheet, FIS anticipates greater strategic and operational flexibility. This will be achieved through streamlining operations and accelerating innovation across its portfolio of solutions.

In 2020, FIS acquired a majority stake in credit-based alternatives fund solutions provider Virtus Partners, which offers a range of alternative investment operations outsourcing and administration services for credit fund managers. That follows the 2019 purchase of Worldpay for its payment processing business in a deal worth $43 billion. Previously, FIS acquired Sungard's disaster recovery and IT services company, in 2015

FIS Global Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying FIS Global applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of FIS Global and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified FIS Cloud Apps, customers.

FIS Global Key Enterprise and Cloud Applications

FIS Cloud Apps,

FIS Global Revenues, $M:

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FIS Global Direct vs Indirect sales

FIS Global Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified FIS Global Customers

No. of FIS Global Customers: 12487

No. of FIS Global Enterprise Applications Customers: 12487

No. of FIS Global Cloud Customers: x

No. of FIS Global Cloud Subscribers: 10 million

FIS serves more than 12487 clients in over 130 countries, and its technology powers billions of transactions annually that move over $9 trillion around the globe. About 2,00 customers are using FIS treasury and risk management applications, one of its key products often delivered in its private Cloud. Many of them are running the AvantGard product line.

Among FIS clients are: Citizens Financial Group Inc., CIT Group, Bank Leumi USA, Customers Bank, Bharatiya Mahila Bank, Centennial Bank, Eftpos, Kitsap Bank, Wintrust Bank, COUNTRY Financial, ICBCFS, LBBW, Maitland, Oriental Bank, Bayer AG, Berkshire Hathaway Homestate Insurance, Carnival Corporation; plc, Dana Holding Corporation, Dubai Aluminium, Generali Deutschland Holding AG, KPMG AG Wirtschaftsprüfungsgesellschaft, London Borough of Lewisham, London Borough of Redbridge, Madix Inc., NRG Energy, Perth and Kinross Council, Revera Inc., Royal Mail, Sanden International, SmartestEnergy, Tessenderlo Group, The Los Angeles Department of Water and Power, and West Bend Mutual.

FIS Global Market Opportunities, M&A and Geo Expansions

In 2023, FIS reaffirmed its commitment to its core strengths by focusing on delivering cloud-native and digitally-focused solutions across various areas such as core banking, lending, risk management, payments, and trading platforms. This commitment aims to assist clients in innovating more rapidly and achieving their growth objectives. To further enhance efficiency and focus, FIS initiated two strategic initiatives. First, the Enterprise Transformation Program was communicated to streamline operations and drive improvements across the organization. Second, FIS announced spin off its Merchant Solutions business, aiming to strengthen the strategic and operational focus of both entities and capitalize on growth opportunities. These strategic moves are intended to create the best path forward for FIS shareholders, clients, and employees. By optimizing its operations and focusing on its core competencies, FIS aims to drive value for all stakeholders and position itself for sustained success in the evolving financial services landscape.

In April 2021, FIS expanded its payment processing capabilities into the rapidly growing markets of Malaysia, South Africa and Nigeria. FIS has secured a domestic acquiring license in Malaysia to provide its Worldpay payment processing platform. In South Africa and Nigeria, FIS is offering domestic payment processing services through its previously announced agreement with payments technology company Flutterwave, a 2016 graduate of the FIS Accelerator program.

FIS Global Risks and Challenges

Jeffrey A. Goldstein, who serves as the Lead Independent Director of the FIS Board, has been appointed as the Independent Chairman, effective December 16, 2022. In tandem with this change, Stephanie L. Ferris, previously announced as the incoming Chief Executive Officer, will take over from Gary A. Norcross, assuming the role effective December 16, 2022. Consequently, Mr. Norcross will step down from the Board of FIS on the same date, aligning with the leadership transition objectives.

FIS Global Ecosystem, Partners, Resellers and SI

FIS leverages its global sales force and strategic commercial partnerships to fuel growth by acquiring new clients and expanding relationships with existing ones, aligning with their growth objectives. The partnerships help it to access business customers who have been using enterprise software, including Oracle, SAP and Microsoft software products and services.

FIS Global Cloud Infrastructure Insights

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• FIS Global Public Cloud and Infrastructure (IaaS)
• FIS Global Platform (PaaS)
• FIS Global Application Delivery
• FIS Global Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: