Fidelity National Information Services (FIS)

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Fidelity National Information Services (FIS)
FIS Logo Green.gif
Founded 1968
Headquarters Jacksonville, FL
Key People Gary Norcross, President and CEO; James Woodall, CFO
Employees 55,000
Products Banking and payments technology, services and consulting
Twitter @FISGlobal
Facebook https://www.facebook.com/fistoday
Website http://www.fisglobal.com/

Fidelity National Information Services (FIS) is a financial services technology company with a focus on retail and institutional banking, capital markets, payments, asset and wealth management, risk & compliance, consulting and outsourcing.

The firm was incorporated in 2001, but it traces its roots back to 1968.

Headquartered in Jacksonville, Florida, FIS has more than 20,000 clients in over 130 countries. It is a Fortune 500 company and a member of the S&P 500 Index.

The company operates through four segments:

  • Financial Solutions Group (FSG), which specializes in processing, technology, and outsourcing for financial institutions;
  • Payment Solutions Group (PSG), which provides services and software for the electronic funds transfer (EFT), card processing, item processing, bill payment, and government payments processing;
  • International Solutions Group (ISG), which offers banking applications, channel solutions, debit/credit/and prepaid card and merchant services, wealth management services, item processing and check risk management solutions; and
  • Corporate and Other.[1]

History

FIS was founded in 1968 as Systematics, which was later acquired by ALLTEL Information Services. In 2003, ALLTEL was acquired by the title insurance giant Fidelity National Financial and renamed Fidelity Information Services (FIS).[2] Over the course of the next few years, FIS acquired several other financial services technology firms, including Certegy (2006), eFunds (2007) and Metavante (2009). These acquisitions broadened its reach across the globe, earned FIS a place on the Fortune 500 listing, and positioned the company as the largest technology provider to the global financial industry.

In August 2015, FIS acquired SunGard Data Systems, one of the world's largest privately held software and technology services companies, in a cash and stock deal values at $9.1 billion.[3]

Products and Services

UBIX is a real time back office system for cleared derivatives that facilitates global clearing for both sell side and buy side firms across the financial industry.

Clearvision provides a single platform for global trade processing, eliminating the need for multiple systems or installations and providing access to all of the firm's cleared trade activity in one place.

GMI provides a single platform for global processing, providing access to all of a customer’s information in one place

IntelliMatch Derivatives provides fully automated reconciliations of exchange traded derivatives (ETD) and OTC derivatives activity against exchanges, central counterparties (CCPs) and clearing brokers.

Margin Advisor is an stand-alone initial margin calculator that provides real-time portfolio margining for clients as well as risk team operators.

Key People

References

  1. About Our Company. FIS.
  2. Fidelity National Information Services Inc (FIS). Reuters.
  3. Fidelity National to buy software maker SunGard in $9.1 billion deal. Reuters.