FIS Global Strengths, Domain Expertise, and Key Differentiators
FIS is a financial services technology company. The Company operates through three segments: Merchant Solutions ("Merchant"), Banking Solutions ("Banking"), and Capital Market Solutions ("Capital Markets"), which are organized based on the markets and clients served aligned with the solutions they provide. The Merchant segment is focused on serving merchants of all sizes globally, enabling them to accept electronic payments, including credit, debit and prepaid payments originated at a physical point of sale as well as in card-not-present environments such as eCommerce and mobile. The Banking segment is focused on serving all sizes of financial institutions for core processing and ancillary applications solutions; digital solutions; fraud, risk management and compliance solutions; electronic funds transfer and network services solutions; payment solutions; wealth and retirement solutions; item processing and output services solutions; and services capitalizing on the continuing trend to outsource these solutions. The Capital Markets segment is focused on serving global financial services clients with a broad array of buy- and sell-side solutions.
FIS Global Recent Developments
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 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 Overview
Ownership: - FIS:NYSE
Number of Employees: 62000
Functional Markets: Analytics and BI, Collaboration, Content Management, CRM, eCommerce, ERP Financial, ERP Services and Operations Management, TRM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K25, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
FIS Global Key Enterprise and Cloud Applications
FIS Cloud Apps,
FIS Global Revenues, $M:
| Type/Year | 2020 | 2021 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
FIS Global Revenue Breakdown By Type, $M:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
FIS Global Enterprise Applications Revenues By Functional Markets, $M:
FIS Global Enterprise Applications Revenues By Verticals, $M:
FIS Global Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
FIS Global Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
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 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.
In July 2019, FIS completed the acquisition of Worldpay. Through its acquisition of Worldpay, FIS became the largest processing and payments company in the world. The Worldpay acquisition brings an integrated technology platform with a comprehensive suite of products and services serving merchants and financial institutions. Through the Worldpay transaction, FIS has enhanced its global payment capabilities, scale, robust risk and fraud solutions and advanced data analytics.
The company is well-positioned to build on its extensive customer base. It is adding solutions beyond its bread-and-butter financial services software – such as moving to support more fintech companies. One area that could expand FIS’ footprint would be to provide software and services allowing fintech companies to attract more companies in the traditional, transactional banking/financial services market space.
FIS Global Risks and Challenges
FIS' ability to integrate the business of Worldpay will be key to its long-term success. The combination of two independent businesses is complex, costly and time consuming, and FIS will be required to devote significant management attention and resources to integrating the business practices and operations of Worldpay into FIS. Any company experiencing growth via merger and acquisitions (M&A) activity must pace and regulate that growth, due to the need to align the company’s infrastructure with its new and expanded workforce.
FIS Global Ecosystem, Partners, Resellers and SI
In October 2021, Microsoft has expanded its global payments relationship with Worldpay from FIS. Worldpay will provide online credit and debit card processing for Microsoft online store fronts including, Xbox, Microsoft Advertising, Microsoft Azure and other Microsoft brands in the Americas, Europe and Asia Pacific. Microsoft has been working with Worldpay in Latin America since 2014, and the expanded relationship will see Worldpay process online payments for the company globally. In addition to payment processing, Microsoft will make use of value-added services from Worldpay including Account Updater, which is meant to automatically ensure subscriber-based payment card credentials are always up to date for a seamless customer experience, as well as solutions designed to enhance authorization rates and tokenized security.
FIS primarily sells directly, but it also partners with dozens of ISVs (independent software vendors), as well as many systems integrators and consultancies worldwide. 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).
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