Jack Henry & Associates, Inc., a provider of core technology solutions and payment processing services, announced yesterday an agreement with The Clearing House to advance faster payments. This deal potentially adds the 6,300 financial institutions that use Jack Henry payment solutions, many of them community banks and credit unions, to the rapidly growing fasterRead More
Post Tagged with: "FIS"
Wall Street has given investors a wild ride in recent days. That is, with the exception of fintech investors. The Bank Innovation portfolio of stocks, which includes 25 fintech companies, has dropped in value 2.24% since July 20. That compares to a loss of 9.83% for the Nasdaq since that date.Read More
Meet the new King of the Fintech Hill: FIS. Today, FIS effectively became the largest financial services technology company in the world by revenue, as it agreed to acquire SunGard for $9.1 billion. Just consider these stats for the new FIS: $9.2 billion of pro forma revenue (FY 2014); 90%Read More
Banks are exceeding customer expectations in digital services, but failing in matters of trust, according to a new survey from Fidelity National Information Services Inc. (FIS). But if they are able to leverage their digital know-how to help customers gain better control of their financial lives, consumer trust should follow,Read More
Umpqua has a brand-new core. The Portland, Ore.-based Umpqua Holdings Corp. said yesterday that it had completed its core upgrade, which was first announced last summer. The core upgrade included the integration of core systems from Sterling Financial Systems, which Umpqua acquired in April 2014, making it, Umpqua said, the West Coast’s largestRead More
Financial software maker NCR released a trio of announcements this morning pushing ATM innovation forward. The Duluth, Ga.-based company is installing 2,200 advanced ATMs for the Bank of Montreal, which will allow faster transactions and “enhanced convenience, security and performance,” said Steven Nowaczyk, Head of North American ATM Channel, BMO Financial Group. NCR isRead More
Midsize banks are losing money on Apple Pay transactions, and the marketing value of their “partnership” with Apple is questionable, says Doug Brown, who leads the mobile strategy and product team at FIS. They will still participate, however, because they have to.
There is a certain gloat from reps at established FinTech vendors when they talk about Isis and Google Wallet. “It’s not like they’ve made any traction,” the vendors say, “if they ever will.” Certainly, the years since their (too) high-profile launches have not been kind to Isis and Google Wallet.Read More
DENVER — Much has been made about the wonders of RDC. Much more needs to be made about the broader wonders of imaging in banking. Let me put this simply: imaging is transforming banking. Here at BAI Retail Delivery, the folks at FIS walked me through their mobile contactless paymentsRead More
Kearney Federal Savings Bank isn’t the type of financial institution in America that garners many headlines. It is, by most measures, middle-of-the-road with $2.9 billion of assets and 41 branches in New Jersey. Its last big news was the hiring of a chief risk/investment officer last February. Considering Kearney’s stature,Read More