FinTech Futures: Top five news stories of the week – 20 December 2024
Our pick of the top fintech news stories this week includes FIS, Tyme Group, Affirm and more.
FIS
FIS reportedly set to acquire UK-based fintech Demica for around $300m
Sky News reports that an official announcement on the deal is expected in the coming days.
Ibanera launches US prepaid card programme with FIS
The cards enable multi-currency purchases through the global Visa network.
Interview with Seamus Smith, FIS Automated Finance, winner of PayTech Leadership – At the Helm award
With 20+ years of experience, Seamus Smith is EVP group president of Global Automated Finance at FIS.
October 2024: Top five core banking stories of the month
FinTech Futures takes a look back at five of the top core banking stories of the month.
ESAF Small Finance Bank replaces FIS’ Profile with Oracle Flexcube as new banking core
ESAF’s implementation of Flexcube has been underway since August.
Commerce Bank partners FIS for loyalty programme management platform
FIS’ loyalty engagement solutions will enable Commerce customers to earn rewards at the POS.
2023: Top five mergers and acquisitions
FinTech Futures takes a look back at some of the biggest mergers and acquisitions of 2023.
FinTech Futures: Top five stories of the week – 7 July 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FIS confirms deal to sell majority stake in Worldpay to GTCR for $11.7bn
The transaction is expected to close by Q1 2024, subject to regulatory approvals and closing conditions.
FIS reportedly in talks to sell majority stake in Worldpay for $15bn
Sources tell Reuters that FIS will keep a minority stake in the business if the deal goes through.
FIS acquires BaaS start-up Bond for undisclosed sum
In an internal memo, FIS shares that it completed the Bond acquisition on 8 June.
Standard Chartered partners Worldpay from FIS to expand payment collections offering
With the partnership, the bank aims to expand the footprint of its solution across Asia and other markets.
Banking Technology Magazine March 2023 issue out now
Cover story: FACE OFF – Confrontation can be a good thing.
FinTech Futures: Top five stories of the week – 17 February 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FIS reveals plans to spin off merchant business unit
FIS expects the spin-off to be completed within the next 12 months.
FIS reportedly axes 2,600 jobs amid ongoing strategic review
Bloomberg reports the cuts have taken place over the past few weeks.
Singapore’s Trust Bank taps FIS for real-time payments
Trust Bank will make use of FIS’ real-time payments platform Open Payments Framework.
FinTech Futures: Top five stories of the week – 25 November 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FIS reportedly looking to cut thousands of jobs under new CEO
Bloomberg reports that the cuts to the workforce are expected to be staggered.
FIS names current president Stephanie Ferris as new CEO, replacing Gary Norcross
Ferris will take on the joint role of president and CEO at the firm from 1 January 2023.
ANZ New Zealand selects FIS for core banking upgrade
The firm will be the first bank outside the US to utilise FIS’ Modern Banking Platform.
Societe Generale embarks on derivatives tech transformation with FIS
Societe Generale will transition its existing derivatives IT environment to FIS Cleared Derivatives Suite.
FIS acquires embedded finance start-up Payrix
The Atlanta-based Payrix provides embedded payment solutions for Software-as-a-Service verticals.
SumUp selects Worldpay from FIS to support global expansion
London-based SumUp supports more than 3.5 million merchants across 30 markets.
FIS names new president, Stephanie Ferris
Ferris joined FIS through its 2019 acquisition of payments software firm Worldpay.
Webinar: The future of real-time payments – global trends and consumer perspectives
Getting a clearer vision into the acceptance, use, and future of real-time payments across the world.
FIS Horizon core banking system gains two new takers, PointBank and Bank of Southern California
The two US community banks have also signed for FIS’ Digital One solution.
Money20/20 USA video: The benefits of real-time payments
Ginny Chappell of FIS talks about the practical innovations that really make a difference.
Webinar: Real-time payments – how can your business benefit
Real-time payments’ use cases and benefits, and how businesses can take advantage of this payments model.
Fifth Third Bank picks FIS to power digital transformation
The bank will deploy FIS’s Modern Banking Platform (MBP) and Unity Wealth Platform.
USAlliance Financial picks FIS Payments One to enhance card processing
New York-based credit union aims to boost credit and debit card ops.
Real-time payments have real-time benefits especially for small businesses
In addition to money, faster payments are also about instant connectivity, precision, transparency and certainty.
BMO Harris Bank picks FIS for multi-year core banking transformation
FIS’ Systematics legacy tech out, Modern Banking Platform in, at BMO Harris Bank.
Abu Dhabi Islamic Bank picks FIS Open Payment Framework
UAE-based bank seeks to capitalise on customers paying digitally.
FIS expands payment processing in Malaysia, South Africa and Nigeria
“Emerging markets across Southeast Asia and Africa present fresh opportunities”.
Signifyd raises $205m in Series E featuring FIS
Antifraud firm calls 2020 a landmark year in its history.
Modulr lands undisclosed investment from FIS Ventures
“Modulr lowers the barriers to bringing payments into a platform”.
Luminor Bank selects FIS Ambit Focus for risk management
Estonian bank aims to optimise its liquidity and manage risk.
Digital payments: why they are here to stay
It is not just individuals who are adapting to the shift.
