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.
Scot Glasford | senior solutions manager, Solutions Management and Strategy, Insurance, FIS
June 25, 2020
On June 10, 2020, the Financial Accounting Standards Board (FASB) voted to push back the effective date of the Long Duration Targeted Improvements (LDTI) to U.S. GAAP. The new deadline now awaits industry approval, but is expected to delay the introduction of LDTI to 2023 for public companies and 2025 for private companies.
That essentially gives U.S. insurers an extra year to complete their implementation – and significant opportunities to shift their LDTI priorities.
With 12 more months potentially to play with, it’s well worth considering as soon as possible how to make best use of the extended timeline and add value to compliance.
At FIS, we recommend concentrating on four key areas:
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