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Fidelity National Information Services, Inc. (FIS) is an American multinational corporation which offers a wide range of financial products and services.FIS is most known for its development of Financial Technology, or FinTech, and as of Q2 2024 it offers its solutions in two primary segments: Banking Solutions & Capital Market Solutions.
Systematics was founded in 1968 by University of Arkansas graduate Walter Smiley, who learned of the high software costs and other difficulties faced by small banks in trying to use data processing software from his experiences working with IBM and in the banking industry. Smiley recognized a niche that could be filled for medium-sized banks in ...
For FIS, revenue at its banking solutions segment, which enables online transactions for banks and other financial institutions, rose 3% to $1.78 billion in the third quarter.
In July, private equity firm GTCR agreed to acquire a 55 percent stake in WorldPay from FIS for $11.7 billion, valuing WorldPay at $18.5 billion. [30] [31] In February 2024, Worldpay was separated from Fidelity National Information Services (FIS) to become an independent company once again. [32] Today it is co-owned by GTCR (55%) and FIS (44%).
FIS Offers Virtual Banking Portfolio to Nation's 7,000 Community Banks; Relationship with Modern Woodmen Bank Illustrates Support for Outsourcing Trend Key Facts FIS offers the nation's 7,000 ...
The Pulse system was based on software that operated the Take Your Money Everywhere (TYME) network operating in the central United States. The network was established as the banking rules that limited banks' and branches' ability to share services were removed.
In February 2014, Misys bought Hungary-based IND Group, a supplier of online and mobile banking software. [20] In August 2014, Misys bought Custom Credit Systems, a US-based supplier of credit workflow and loan origination software. [21] In March 2017, D+H announced that it would be acquired by Vista Equity Partners and combined with Misys [22]
As of June, 2011, PSL remains the source code language for the FIS Profile banking system, deployed in 26 countries and over 200 institutions, including some of the world’s largest banks. While Java and commercial RDMS deployments are possible in the future, today 100% of the deployments are on the GT.M MUMPS target language and database ...