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FIS and Banco Bradesco Close Agreement to Unwind Joint Venture and Form New Long-term Commercial Arrangement
January 03, 2019
JACKSONVILLE, Fla., Jan. 3, 2019 – FIS™ (NYSE: FIS), a global leader in financial services technology, announced today that it closed on Dec. 31, 2018, its previously announced agreement to unwind its joint venture (“JV”) with Banco Bradesco in Brazil, and also entered into on Jan. 1, 2019, a new long-term commercial arrangement with Banco Bradesco, one of the largest financial institutions in Brazil.
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.
About Banco Bradesco
Bradesco is one of Brazil’s largest banks and the biggest insurance company in Latin America. Founded 75 years ago, it is recognized internationally for its financial soundness and the quality of the services provided, with shares listed on the stock exchanges in São Paulo, New York and Madrid. It serves 71.2 million customers, both individuals and companies, with a complete portfolio of products and services through its Retail, Wholesale, Investment Banking, Asset Management, and Insurance operations. Headquartered in Osasco, São Paulo, Brazil, it employs over 97,000 people and besides composing B3 Index it is also part of the Dow Jones Sustainability Index and the B3 Sustainability Index. For more information about Bradesco please visit www.bradescori.com.br.
For More Information
Kim Snider, 904.438.6278
Senior Vice President
FIS Global Marketing and Communications
Senior Vice President
FIS Investor Relations