FIS Modern Banking Platform
Advance your bank with a modern core platform.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
FIS Modern Banking Platform
Advance your bank with a modern core platform.
Data Restore
Protection from disaster.
Code Connect
The power of APIs with the scale of FIS.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
FIS Private Capital Suite
Data Exchange Solutions.
IFRS17
The right strategy for transformation.
Commercial Lending
Speed up the decision process.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Robert Barg, VP, Solutions Management and Strategy, Insurance, FIS
July 18, 2019
Over recent months, there has been growing pressure on the Financial Accounting Standards Board (FASB) to push back the introduction of the Long Duration Targeted Improvements (LDTI) to U.S. GAAP. Now that the FASB has voted to delay the implementation date to January 1, 2022 (for larger SEC filers) and to January 1, 2024 (for all others), the immediate question for insurers is: What will the new deadline mean for my business?
Here are our top recommendations for responding to the delay:
In summary, the delay to LDTI gives insurers the chance to deliver maximum business benefit through their implementation program – and, for those willing to keep up the momentum, to get ahead of the competition, too. Conversely, firms that see the delay as a reason to pause risk falling behind and missing a window of opportunity to add real value and transform their business for the better.
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