FIS Unlocks Momentum in 2024: Advancing the World of Banking

In 2024, FIS (NYSE: FIS), a global leader in financial technology, marked a year of significant advancements in the world of banking. The company's strategic focus on unlocking new technologies and capabilities, coupled with its commitment to helping clients succeed, has driven its success in the ever-evolving financial landscape.

Throughout the year, FIS launched several key products and expanded its capabilities, enabling its clients to stay competitive and meet the growing demands of their customers. The company's Open Access platform, launched in 2024, allows customers of FIS client banks and credit unions to securely share their financial data with a greater number of financial institutions and apps. This platform has helped FIS' clients accelerate the delivery of open banking capabilities to their customers, providing them with advanced, frictionless capabilities across their digital channels and back-office operations.

Additionally, FIS released Digital One™ Flex Mobile 6.0, a new mobile banking application that combines slick, intuitive interfaces with rich functionality and industry-leading security features. This application has advanced the primary interaction channel between a bank and its customers, enabling banks to provide a more robust and engaging mobile banking experience for their customers. This, in turn, has helped FIS' clients better meet the ever-increasing velocity of customer expectations for advanced, frictionless capabilities.

In November 2024, FIS acquired Dragonfly Financial Technologies, delivering new cash management capabilities for large and complex businesses. This acquisition has expanded FIS' capabilities and allowed it to better serve the needs of its clients in the commercial banking sector. By integrating Dragonfly's capabilities into its existing offerings, FIS has strengthened its position as a comprehensive financial technology provider for commercial banking clients.

FIS' successes in 2024 have not gone unnoticed. The company received nearly two dozen recognitions from respected industry analyst firms for its products, services, and capabilities across the entire banking spectrum. Among these achievements, FIS was recognized as a Leader in IDC MarketScape's North America Digital Core Banking Platforms 2024 Vendor Assessment report, won the Advanced Technology Category of Celent's 2024 XCelent Awards for its HORIZON community core banking platform, and achieved the No. 1 spot in Everest Group's Core Banking Technology Top 50.

FIS' Modern Banking Platform (MBP) reached notable milestones in 2024, with over 3 million serviced accounts, $20+ billion in deposits, and more than $1 billion in loans. The platform also achieved three new milestones over the last 12 months by launching its first client on a public cloud infrastructure, launching its first client outside North America, and expanding its deployment options by licensing its first on-premise client.

FIS' strong performance in 2024 is a testament to the company's unwavering commitment to helping its clients deliver more impactful banking experiences to their customers. By staying ahead of the curve and providing advanced, innovative solutions, FIS has driven industry recognition, increased market share, and expanded its global client base. As the company looks ahead to 2025, it is well-positioned to continue its momentum and advance the world of banking.