Fintech Company FIS (NYSE: FIS) announced today that it has completed the acquisition of the amount based in Chicago, a consolidated digital banking and decision -making provider for financial institutions of all types and sizes.
With more than 150 million new account applications processed, the amount provides a digital account experience for consumers and small businesses on borrowing, cards and deposits. Its overall, unified solution with built -in AI functionality simplifies the experience opening the online account for banks, lenders and credit associations, providing customers a seamless, digital first capacity.
By adding the amount, FIS strategically expands its portfolio for innovative solutions that support the world’s life cycle, which includes when money is calm, in movement and at work.
- Calm: Simplifies account opening with secure procedures that reduce fraud and ensure compliance
- In motion: rationalize credit card issuance and payments with faster approvals and seamless customer trips
- At work: shows institutions with tools to enhance efficiency, expanding offers, rationalization of borrowing and deliver excellent service
“After years of successful collaboration, we are excited to welcome the talented team and FIS’s innovative potential,” said Stephanie Ferris, CEO and President of FIS. “Our strategy and investment have placed FIS to drive the next generation of banking solutions, allowing financial institutions to thrive in today’s digital first world with trust, innovation and credibility.
“Participation of forces with FIS marks a fascinating new chapter for the amount,” said Adam Hughes, chief executive of the amount. “FIS provides a worldwide scale, strong infrastructure and regulatory know -how that will allow us to boost our market offer and offer uninterrupted and innovative customer experiences and accelerate digital transformation.
“Acquiring the amount of FIS is a strategic move that enhances the capabilities of the digital account, placing the company as a leading provider,” said Stewart Watterson, Datos Insights’ strategic adviser. “With the integration of digital origin and decision making, FIS authorizes financial institutions to accelerate growth, reduce friction and provide excellent customer experiences in all deposits, lending and card services.
This acquisition is lined with FIS’s strategy to add innovative, cloud-natural and articulated solutions to lead to greater value for its customers throughout the money life cycle.