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- FIS ranked No. 1 on the Chartis 2019 RiskTech100®, its fourth year in a row atop the list.
- FIS also won several category awards, including Market Presence, Functionality, Energy Trading, Insurance and Market Risk.
JACKSONVILLE, Fla., Nov. 9, 2018 – For the fourth year in a row, FIS™ (NYSE: FIS), a global leader in financial services technology, has taken the No. 1 ranking in the Chartis RiskTech100®.
FIS also retained its 2018 awards in the categories of Market Presence, Functionality, Energy Trading, Insurance and Market Risk. For the first time, FIS won category awards in Commodity Trading and IFRS (International Financial Reporting Standards) 17.
“FIS empowers our clients to stay ahead of ever-changing global risks,” said Marianne Brown, co-chief operating officer, FIS. “This award is a source of pride because it shows how consistently we help our clients achieve their goals through the depth and breadth of our solutions.”
“Chartis Research surveys a vast amount of data to determine the RiskTech100 rankings,” said Rob Stubbs, head of Research, Chartis. “That FIS continues to top the rankings is particularly impressive.”
The RiskTech100® is now in its thirteenth year. It is a leading study of the world's top 100 players in risk and compliance technology.
FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 53,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com.
Chartis Research is the leading provider of research and analysis on the global market for risk technology. It is part of Infopro Digital, which owns market-leading brands such as Risk and Waters Technology. Chartis’ goal is to support enterprises as they drive business performance through improved risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology. RiskTech Quadrant®, RiskTech100® and FinTech QuadrantTM are registered trademarks of Infopro Digital Services Limited (http://www.chartis-research.com).
Omitted from the framework is any mention of changing 401(K) plan contributions to after-tax roth contributions, either in whole or in part."
I don�t think anyone wakes up in the morning, and brushes their teeth, thinking about merchant processing. But the team at FIS does."
It has been estimated that �Rothification� of contributions could raise more than $600 billion over 10 years. The estimate is suspect, however, because it does not consider the future loss of tax revenue when Roth amounts are withdrawn from plans tax free. Earlier tax reform proposals included Rothification provisions that were broadly opposed by the retirement plan community and many key members in Congress. Sixteen Democrats in Congress recently sent a letter to the Big Six urging them to resist using Rothification as a revenue raiser. While it currently seems that such an approach is off the table, tax reform is tricky business and will be full of twists and turns as it proceeds. The current political environment is unpredictable and if you thought health care reform was complicated, this endeavor may make it look like child�s play.