Markets

FIS Plans Expansions Into New Markets in 2022

FinTech platform FIS touted its growth into new nations in 2021, and plans to maintain increasing this yr.

The corporate, on an earnings name Tuesday (Feb. 15) for the fourth quarter and full yr 2021, mentioned its providers had been integral to serving to corporations modernize their infrastructure.

One shopper, Amerant Financial institution, outsourced most of its options to FIS, combining multivendor tasking right into a single companion, which is able to lower your expenses and streamline operations.

FIS can be touting its buy of funds processor WorldPay in 2019 as one other increase to its targets, serving to FIS to enter extra nations and develop its eCommerce choices.

The corporate can be engaged on its cryptocurrency capabilities in eCommerce, saying it wished to “broaden into enticing new verticals like crypto to seize quick rising and rising new markets.”

Total, FIS mentioned its purpose is to proceed diversifying its capabilities to assist meet the wants of assorted sorts of corporations.

“By all metrics, our colleagues delivered a historic operational efficiency for FIS in 2021,” mentioned FIS Chairman and CEO Gary Norcross. “Our technique continues to resonate with our purchasers and prospects, and our staff continues to execute at an exceptionally excessive degree. Our means to develop versatile, new applied sciences and to ship differentiated buyer experiences continues to drive robust worth for our purchasers.”

FIS has additionally lately purchased Payrix, an embedded cost firm, PYMNTS wrote Monday (Feb. 14).

This may assist it bolster its eCommerce choices and embedded finance capacities.

PYMNTS wrote that the Payrix acquisition will assist it go world at scale and add digital and automatic onboarding, compliance, billing and settlement instruments.

See additionally: FIS Acquires Payrix to Increase Embedded Funds, eCommerce and SMB Monetary Choices

In line with FIS President Stephanie Ferris, the acquisition reveals how the corporate can “unlock the worth” of its portfolio.

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