FIS Modern Banking Platform
Advance your bank with a modern core platform.
Dondi Black | VP, Senior Product Strategist, FIS
October 22, 2019
July 31, 2019 marked the merger between the No. 1 global fintech provider and the No. 1 global merchant acquirer – FIS and Worldpay – to become a global powerhouse to advance the way the world pays, banks and invests. This article discusses the rationale behind this merger and what the pairing means for financial institutions and merchants.
Smart companies continuously assess their environments to determine clients’ future needs and build capabilities to capitalize on opportunities they foresee. The merger between FIS and Worldpay provides the size, scale and synergies to accelerate growth and create value.
The two companies have complementary strengths, which creates additive value beyond what’s achieved by cost reductions in operations, technologies, facilities and corporate overhead. FIS has significant relationships with most of the Top 50 global banks and Worldpay has relationships with more than a million merchants. The union allows the combined company to provide end-to-end payment solutions – for example, to do both the transaction and the ledger settlement. And, enabling cross-selling to each other’s clients will bring efficiencies to execution.
The merger creates additional revenue streams, for example:
The combination of FIS and Worldpay enhances FIS’ overall acquiring and payment offerings, positioning the company to offer best-in-class enterprise banking, payments, capital markets and global e-commerce capabilities to financial institutions and businesses worldwide.”
As open banking and faster payments grow, the ability to offer end-to-end solutions from merchants to account funding irrespective of payment rails is increasingly important.”
Clients are benefitting from the combined multi-channel and multi-currency capabilities, robust risk and fraud solutions and advanced analytics. A few examples include:
Contact an FIS relationship manager to learn more about how your business and portfolios can be enhanced by new innovations and solutions now available.
Let's work together to reach your goals. Contact us at the links below and a representative will be in touch.
We are here to help you and your business. Contact us using the button below.Learn more