Press Release
FIS Teams Push Boundaries of Artificial Intelligence in 2017 InnovateIN48 Coding Competition
September 18, 2017
Key facts
- Three hundred teams from 20-plus countries took part in 2017 FIS InnovateIN48 coding competition, which wrapped up on Sept. 11-14 in Berlin.
- This year’s competition focused on applying AI technologies to benefit financial institutions.
- “Ron Burgundy’s News Team,” a team made up of coders from four different locations around the world, won the 2017 competition with a solution that provides financial analysts and traders with intelligent recommendations based on past behaviors.
JACKSONVILLE, Fla., Sept. 18, 2017 – FIS™ (NYSE: FIS), a global leader in financial services technology, today announced the winner of 2017 InnovateIN48, an annual coding competition that challenges FIS teams from around the world to find innovative ways to apply emerging technology to solve real-world financial industry problems.
Three hundred teams from more than 20 countries took part in the 2017 competition, which began in May. In the final rounds, held Sept. 11-14 in Berlin, 14 finalist teams spent 48 hours competing non-stop. The mission this year: to develop new and unique ways to apply artificial intelligence to benefit the financial services industry.
“Ron Burgundy’s News Team,” a team made up of coders from four different locations around the world, was named the winner for creating a solution that provides financial analysts and traders with intelligent recommendations based on past behaviors.
“FIS works to empower the financial world with smarter, faster and more efficient solutions that meet the needs of clients and customers worldwide,” said Ido Gileadi, chief information officer, FIS. “FIS InnovateIN48 once again showcased the strength of our employees to harness technology in innovative ways that solve real-world, pressing problems.”
Sponsored by Microsoft and Hewlett Packard Enterprise, FIS InnovateIN48 was judged by IT and security experts from FIS, NRW.BANK and Hewlett Packard Enterprise.
“InnovateIN48 is a truly inspiring and innovative event,” said Martin Zich, Hewlett Packard Enterprise security solution architect, who helped judge the event. “To see teams bring their vision of the future to reality in just 48 hours is truly impressive.”
About FIS
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.
Follow FIS on Facebook (facebook.com/FIStoday) and Twitter (@FISGlobal).
For More Information