Fidelity National Information Services Inc. (FIS) Overview
Company Headquarters: US
Founded: 1968
Workforce: ~65,000
Company Working: Fidelity National Information Services Inc. (FIS) is one of the leaders in financial services technology and provides solutions and services to clients in retail and institutional banking, healthcare, hospitality, capital markets, wealth management, asset, and retirement markets. The company operates in three segments, namely, Merchant Solutions, Banking Solutions, Capital Market Solutions, Corporate and Other.
The Merchant Solutions segment focuses on providing technology and services to merchants, including point-of-sale (POS) systems, payment processing solutions, e-commerce platforms, and fraud detection and prevention tools. FIS helps merchants accept various forms of electronic payments, such as credit cards, debit cards, mobile wallets, and alternative payment methods. This segment serves a wide range of industries, including retail, hospitality, healthcare, e-commerce, and more. Banking Solutions segment offers a comprehensive suite of technology solutions and services to banks and financial institutions. These solutions include core banking systems, digital banking platforms, risk management tools, payment processing, wealth management, and regulatory compliance solutions. FIS helps banks automate their operations, enhance customer experiences, manage risk, and comply with regulatory requirements, thereby supporting their end-to-end banking operations.
Capital Market Solutions segment provides technology solutions and services to capital market participants, including investment banks, asset managers, hedge funds, and exchanges. FIS offers trading and execution platforms, risk management solutions, post-trade processing systems, data and analytics services, and investment management software. This segment helps capital market participants streamline their trading operations, manage risk, optimize post-trade processing, and make data-driven investment decisions. Corporate and Other segment includes certain corporate-level activities, such as corporate overhead, shared services, and other unallocated costs that are not directly attributed to the other three segments. The company has its major operations in North America and has a limited presence in other countries. In July 2019, FIS acquired Worldpay, Inc., one of the world's biggest worldwide eCommerce and payment technology companies. The goal of the acquisition was to build a global leader in technology and solutions for merchants, banks, and capital markets
Strategy
Fidelity National Information Services Inc. intends to deliver superior solutions and services to its clients and expand its client base. It continues to invest a significant amount of revenue in growth through its internal software development as well as through mergers and acquisitions that could extend its existing capabilities and solutions. It also partners with other entities to provide a comprehensive range of offers to its customers and prospects. The company continues to deploy enough resources in the global market to build global diversification and expand its geographic presence.
