Fintech

  • Increased revenue 7% on a GAAP basis and 8% on an organic basis to $3.7 billion
  • Generated Diluted EPS of $0.45 and Adjusted EPS of $1.73
  • Repurchased $300 million in shares
  • After 14 years of distinguished service, James "Woody" Woodall to step down from his position as CFO, effective November 4, 2022, with Deputy CFO Erik Hoag to succeed Mr. Woodall as Corporate Executive Vice President and Chief Financial Officer

FIS ® (NYSE:FIS), a global leader in financial services technology, today reported its second quarter 2022 results.

"I'm very pleased with the strong financial results we delivered this quarter," said Gary Norcross, FIS Chairman and Chief Executive Officer. "These results are a testament to the value we bring to our clients by executing our business strategy, investing for growth and bringing innovative and end-to-end offerings to market. In an uncertain macro environment, the durability of our financial model is also a significant advantage for FIS. We reduced our leverage to 2.9 times, and our robust free cash flow allowed us to return approximately $600 million in capital to shareholders during the second quarter through share repurchase and dividends."

Second Quarter 2022

On a GAAP basis, revenue increased by approximately $240 million, or 7% as compared to the prior-year period, to $3.7 billion. Net earnings attributable to common stockholders were $277 million or $0.45 per diluted share.

On an organic basis, revenue increased 8% as compared to the prior-year period when excluding the impact of changes in foreign currency exchange rates and inorganic contribution from acquisitions and divestitures. On a constant currency basis, revenue increased 9%. Adjusted net earnings increased 5% as compared to the prior-year period to $1.1 billion, and adjusted net earnings per share increased 7% to $1.73 per diluted share.

($ millions, except per share data, unaudited)

Three Months Ended June 30,

%

Constant

Organic

2022

2021

Change

Currency

Growth

Revenue

$

3,719

$

3,475

7%

9%

8%

Merchant Solutions

1,302

1,177

11%

14%

12%

Banking Solutions

1,663

1,578

5%

6%

6%

Capital Market Solutions

663

630

5%

7%

7%

Corporate and Other

91

90

1%

3%

Adjusted EBITDA

$

1,599

$

1,520

5%

Adjusted EBITDA Margin

43.0

%

43.7

%

(70) bps

Net earnings attributable to FIS common stockholders (GAAP)

$

277

$

341

*

Diluted EPS (GAAP)

$

0.45

$

0.55

*

Adjusted net earnings

$

1,056

$

1,004

5%

Adjusted EPS

$

1.73

$

1.61

7%

* Indicates comparison not meaningful

Operating Segment Information

  • Banking Solutions:
    Revenue increased by 5% on a GAAP basis, and 6% on an organic basis, as compared to the prior-year period to $1.7 billion, primarily due to ramping large client wins contributing to 7% recurring revenue growth. Adjusted EBITDA margin contracted by 130 basis points as compared to the prior-year period to 44.3%, primarily due to difficult comparisons created by the high contribution margins associated with term fees and pandemic-related revenue in the prior-year period as well as ongoing wage inflation.
  • Capital Market Solutions:
    Revenue increased by 5% on a GAAP basis and 7% on an organic basis as compared to the prior-year period to $663 million, primarily due to strong new sales momentum contributing to 10% recurring revenue growth. Adjusted EBITDA increased by 9% as compared to the prior-year period to $317 million. Adjusted EBITDA margin expanded by 140 basis points over the prior-year period to 47.8%, primarily due to focused expense management and continued operating leverage.
  • Merchant Solutions:
    Revenue increased by 11% on a GAAP basis, 14% on a constant currency basis and 12% on an organic basis as compared to the prior-year period to $1.3 billion, including approximately one percentage point of headwind due to the Russia/Ukraine conflict. Adjusted EBITDA margin contracted by 280 basis points to 47.1%, primarily due to high contribution margins associated with e-commerce revenue affected by the Russia/Ukraine conflict, investment in geographic expansion to support our Global eCommerce business, and accelerated investment in e-commerce and Payrix sales channels to capitalize on developing secular growth trends.
  • Corporate and Other:
    Second quarter revenue increased by 1% as compared to the prior-year period to $91 million, including the continuing wind down of non-strategic businesses. Adjusted EBITDA loss was $69 million, including $89 million of corporate expenses.

Balance Sheet and Cash Flows

As of June 30, 2022, debt outstanding totaled $18.5 billion. Second quarter net cash provided by operating activities was $1,024 million, and free cash flow was $806 million.

On July 13, FIS issued $2.5 billion of U.S. dollar senior notes at a weighted average interest rate of 4.95%. The Company used the net proceeds from the Senior Notes offering to repay debt under its commercial paper programs.

Having reached its targeted leverage of 2.9 times debt to EBITDA, FIS resumed share repurchase under its existing 100 million share authorization. In addition to repurchasing approximately $300 million in shares, FIS also paid a total of $287 million in dividends during the second quarter.

FIS continues to expect to primarily utilize free cash flow through the end of 2023 to return capital to shareholders through continued share repurchase and dividends.

Departure of Officer

The Company announced that James "Woody" Woodall will step down from his position as Corporate Executive Vice President and Chief Financial Officer, effective November 4, 2022, after over 14 years of distinguished service with the Company. The Company also announced the promotion of its Deputy Chief Financial Officer, Erik Hoag, to succeed Mr. Woodall as Corporate Executive Vice President and Chief Financial Officer, effective November 4, 2022. To ensure a smooth transition of the Chief Financial Officer responsibilities, Woodall will remain with the Company through a transitionary period as Chief Financial Officer Emeritus.

Updates Full-Year 2022 Guidance Based on Macro Factors and Divestitures

The Company updated its full-year 2022 guidance to reflect changing macroeconomic factors including the impact of foreign exchange rates and increased interest rates. Additionally, the Company successfully announced the signing of two non-strategic divestitures. These factors are the primary drivers for the revision to the Company's full-year 2022 guidance.

Third Quarter and Full-Year 2022 GAAP Guidance

($ millions, except share data)

Q3 2022

FY 2022

Revenue

$3,580 - $3,635

$14,615 - $14,700

Diluted EPS

$0.40 - $0.50

$1.75 - $2.05

Third Quarter and Full-Year 2022 Non-GAAP Guidance

($ millions, except share data)

Q3 2022

FY 2022

Revenue (GAAP)

$3,580 - $3,635

$14,615 - $14,700

Adjusted EPS

$1.74 - $1.78

$7.00 - $7.10

Webcast

FIS will sponsor a live webcast of its earnings conference call with the investment community beginning at 8:30 a.m. (EDT) Thursday, August 4, 2022. To access the webcast, go to the Investor Relations section of FIS' homepage, www.fisglobal.com . A replay will be available after the conclusion of the live webcast.

About FIS

FIS is a leading provider of technology solutions for financial institutions and businesses of all sizes and across any industry globally. We enable the movement of commerce by unlocking the financial technology that powers the world's economy. Our employees are dedicated to advancing the way the world pays, banks and invests through our trusted innovation, system performance and flexible architecture. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor's 500® Index.

To learn more, visit www.fisglobal.com . Follow FIS on Facebook, LinkedIn and Twitter (@FISGlobal).

FIS Use of Non-GAAP Financial Information

Generally Accepted Accounting Principles (GAAP) is the term used to refer to the standard framework of guidelines for financial accounting in the United States. GAAP includes the standards, conventions, and rules accountants follow in recording and summarizing transactions and in the preparation of financial statements. In addition to reporting financial results in accordance with GAAP, we have provided certain non-GAAP financial measures.

These non-GAAP measures include constant currency revenue, organic revenue growth, adjusted EBITDA, adjusted EBITDA margin, adjusted net earnings, adjusted EPS, and free cash flow. These non-GAAP measures may be used in this release and/or in the attached supplemental financial information.

We believe these non-GAAP measures help investors better understand the underlying fundamentals of our business. As further described below, the non-GAAP revenue and earnings measures presented eliminate items management believes are not indicative of FIS' operating performance. The constant currency and organic revenue growth measures adjust for the effects of exchange rate fluctuations, while organic revenue growth also adjusts for acquisitions and divestitures and excludes revenue from Corporate and Other, giving investors further insight into our performance. Finally, free cash flow provides further information about the ability of our business to generate cash. For these reasons, management also uses these non-GAAP measures in its assessment and management of FIS' performance.

As described below, our Adjusted EBITDA and Adjusted Net Earnings measures also exclude incremental and direct costs resulting from the COVID-19 pandemic. Management believes that this adjustment may help investors understand the longer-term fundamentals of our underlying business.

Constant currency revenue represents reported operating segment revenue excluding the impact of fluctuations in foreign currency exchange rates in the current period.

Organic revenue growth is constant currency revenue, as defined above, for the current period compared to an adjusted revenue base for the prior period, which is adjusted to add pre-acquisition revenue of acquired businesses for a portion of the prior year matching the portion of the current year for which the business was owned, and subtract pre-divestiture revenue for divested businesses for the portion of the prior year matching the portion of the current year for which the business was not owned, for any acquisitions or divestitures by FIS. When referring to organic revenue growth, revenues from our Corporate and Other segment, which is comprised of revenue from non-strategic businesses, are excluded.

Adjusted EBITDA reflects net earnings before interest, other income (expense), taxes, equity method investment earnings (loss), and depreciation and amortization, and excludes certain costs and other transactions that management deems non-operational in nature, the removal of which improves comparability of operating results across reporting periods. It also excludes incremental and direct costs resulting from the COVID-19 pandemic. This measure is reported to the chief operating decision maker for purposes of making decisions about allocating resources to the segments and assessing their performance. For this reason, adjusted EBITDA, as it relates to our segments, is presented in conformity with Accounting Standards Codification 280, Segment Reporting, and is excluded from the definition of non-GAAP financial measures under the Securities and Exchange Commission's Regulation G and Item 10(e) of Regulation S-K.

Adjusted EBITDA margin reflects adjusted EBITDA, as defined above, divided by revenue.

Adjusted net earnings excludes the impact of certain costs and other transactions which management deems non-operational in nature, the removal of which improves comparability of operating results across reporting periods. It also excludes the impact of acquisition-related purchase accounting amortization and equity method investment earnings (loss), both of which are recurring. It also excludes incremental and direct costs resulting from the COVID-19 pandemic.

Adjusted EPS reflects adjusted net earnings, as defined above, divided by weighted average diluted shares outstanding.

Free cash flow reflects net cash provided by operating activities, adjusted for the net change in settlement assets and obligations and excluding certain transactions that are closely associated with non-operating activities or are otherwise non-operational in nature and not indicative of future operating cash flows, including incremental and direct costs resulting from the COVID-19 pandemic, less capital expenditures excluding capital expenditures related to the Company's new headquarters. Free cash flow does not represent our residual cash flow available for discretionary expenditures, since we have mandatory debt service requirements and other non-discretionary expenditures that are not deducted from the measure.

Any non-GAAP measures should be considered in context with the GAAP financial presentation and should not be considered in isolation or as a substitute for GAAP measures. Further, FIS' non-GAAP measures may be calculated differently from similarly titled measures of other companies. Reconciliations of these non-GAAP measures to related GAAP measures, including footnotes describing the specific adjustments, are provided in the attached schedules and in the Investor Relations section of the FIS website, www.fisglobal.com .

Forward-Looking Statements

This earnings release and today's webcast contain "forward-looking statements" within the meaning of the U.S. federal securities laws. Statements that are not historical facts, including statements about anticipated financial outcomes, including any earnings guidance or projections of the Company, projected revenue or expense synergies, business and market conditions, outlook, foreign currency exchange rates, deleveraging plans, expected dividends and share repurchases, the Company's sales pipeline and anticipated profitability and growth, as well as other statements about our expectations, beliefs, intentions, or strategies regarding the future, or other characterizations of future events or circumstances, are forward-looking statements. These statements relate to future events and our future results and involve a number of risks and uncertainties. Forward-looking statements are based on management's beliefs as well as assumptions made by, and information currently available to, management.

Actual results, performance or achievement could differ materially from those contained in these forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include the following, without limitation:

  • the outbreak or recurrence of the novel coronavirus and any related variants ("COVID-19") and measures to reduce its spread, including the impact of governmental or voluntary actions such as business shutdowns and stay-at-home orders in certain geographies;
  • the duration, including any recurrence, of the COVID-19 pandemic and its impacts, including reductions in consumer and business spending, and instability of the financial markets in heavily impacted areas across the globe;
  • the economic and other impacts of COVID-19 on our clients which affect the sales of our solutions and services and the implementation of such solutions;
  • the risk of losses in the event of defaults by merchants (or other parties) to which we extend credit in our card settlement operations or in respect of any chargeback liability, either of which could adversely impact liquidity and results of operations;
  • changes in general economic, business and political conditions, including those resulting from COVID-19 or other pandemics, a recession, intensified international hostilities, acts of terrorism, increased rates of inflation, changes in either or both the United States and international lending, capital and financial markets or currency fluctuations;
  • the risk that acquired businesses will not be integrated successfully or that the integration will be more costly or more time-consuming and complex than anticipated;
  • the risk that cost savings and synergies anticipated to be realized from acquisitions may not be fully realized or may take longer to realize than expected;
  • the risks of doing business internationally;
  • the effect of legislative initiatives or proposals, statutory changes, governmental or applicable regulations and/or changes in industry requirements, including privacy and cybersecurity laws and regulations;
  • the risks of reduction in revenue from the elimination of existing and potential customers due to consolidation in, or new laws or regulations affecting, the banking, retail and financial services industries or due to financial failures or other setbacks suffered by firms in those industries;
  • changes in the growth rates of the markets for our solutions;
  • the amount, declaration and payment of future dividends is at the discretion of our Board of Directors and depends on, among other things, our investment opportunities, results of operations, financial condition, cash requirements, future prospects, the duration and impact of the COVID-19 pandemic, and other factors that may be considered relevant by our Board of Directors, including legal and contractual restrictions;
  • the amount and timing of any future share repurchases is subject to, among other things, our share price, our other investment opportunities and cash requirements, our results of operations and financial condition, our future prospects and other factors that may be considered relevant by our Board of Directors and management;
  • failures to adapt our solutions to changes in technology or in the marketplace;
  • internal or external security breaches of our systems, including those relating to unauthorized access, theft, corruption or loss of personal information and computer viruses and other malware affecting our software or platforms, and the reactions of customers, card associations, government regulators and others to any such events;
  • the risk that implementation of software, including software updates, for customers or at customer locations or employee error in monitoring our software and platforms may result in the corruption or loss of data or customer information, interruption of business operations, outages, exposure to liability claims or loss of customers;
  • the reaction of current and potential customers to communications from us or regulators regarding information security, risk management, internal audit or other matters;
  • the risk that policies and resulting actions of the current administration in the U.S. may result in additional regulations and executive orders, as well as additional regulatory and tax costs;
  • competitive pressures on pricing related to the decreasing number of community banks in the U.S., the development of new disruptive technologies competing with one or more of our solutions, increasing presence of international competitors in the U.S. market and the entry into the market by global banks and global companies with respect to certain competitive solutions, each of which may have the impact of unbundling individual solutions from a comprehensive suite of solutions we provide to many of our customers;
  • the failure to innovate in order to keep up with new emerging technologies, which could impact our solutions and our ability to attract new, or retain existing, customers;
  • an operational or natural disaster at one of our major operations centers;
  • failure to comply with applicable requirements of payment networks or changes in those requirements;
  • fraud by merchants or bad actors; and
  • other risks detailed in the "Risk Factors" and other sections of our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, in our quarterly reports on Form 10-Q and in our other filings with the Securities and Exchange Commission.

Other unknown or unpredictable factors also could have a material adverse effect on our business, financial condition, results of operations and prospects. Accordingly, readers should not place undue reliance on these forward-looking statements. These forward-looking statements are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Except as required by applicable law or regulation, we do not undertake (and expressly disclaim) any obligation and do not intend to publicly update or review any of these forward-looking statements, whether as a result of new information, future events or otherwise.

Fidelity National Information Services, Inc.

Earnings Release Supplemental Financial Information

August 4, 2022

Exhibit A

Condensed Consolidated Statements of Earnings - Unaudited for the three and six months ended June 30, 2022 and 2021

Exhibit B

Condensed Consolidated Balance Sheets - Unaudited as of June 30, 2022, and December 31, 2021

Exhibit C

Condensed Consolidated Statements of Cash Flows - Unaudited for the six months ended June 30, 2022 and 2021

Exhibit D

Supplemental Non-GAAP Financial Information - Unaudited for the three and six months ended June 30, 2022 and 2021

Exhibit E

Supplemental GAAP to Non-GAAP Reconciliations - Unaudited for the three and six months ended June 30, 2022 and 2021

Exhibit F

Supplemental GAAP to Non-GAAP Reconciliations on Guidance - Unaudited for the three months ended September 30, 2022, and full year ended December 31, 2022

FIDELITY NATIONAL INFORMATION SERVICES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS — UNAUDITED

(In millions, except per share amounts)

Exhibit A

Three months ended June 30,

Six months ended June 30,

2022

2021

2022

2021

Revenue

$

3,719

$

3,475

$

7,210

$

6,699

Cost of revenue

2,234

2,135

4,475

4,253

Gross profit

1,485

1,340

2,735

2,446

Selling, general, and administrative expenses

1,082

977

2,117

1,983

Asset impairments

29

87

Operating income

374

363

531

463

Other income (expense):

Interest expense, net

(47

)

(48

)

(90

)

(122

)

Other income (expense), net

30

324

92

(170

)

Total other income (expense), net

(17

)

276

2

(292

)

Earnings (loss) before income taxes and equity method investment earnings (loss)

357

639

533

171

Provision (benefit) for income taxes

77

302

132

205

Equity method investment earnings (loss)

5

6

Net earnings (loss)

280

342

401

(28

)

Net (earnings) loss attributable to noncontrolling interest

(3

)

(1

)

(4

)

(4

)

Net earnings (loss) attributable to FIS common stockholders

$

277

$

341

$

397

$

(32

)

Net earnings (loss) per share-basic attributable to FIS common stockholders

$

0.46

$

0.55

$

0.65

$

(0.05

)

Weighted average shares outstanding-basic

608

619

609

620

Net earnings (loss) per share-diluted attributable to FIS common stockholders

$

0.45

$

0.55

$

0.65

$

(0.05

)

Weighted average shares outstanding-diluted

611

624

612

620

FIDELITY NATIONAL INFORMATION SERVICES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS — UNAUDITED

(In millions, except per share amounts)

Exhibit B

June 30,
2022

December 31,
2021

ASSETS

Current assets:

Cash and cash equivalents

$

1,688

$

2,010

Settlement assets

4,334

4,020

Trade receivables, net

3,520

3,772

Other receivables

251

355

Prepaid expenses and other current assets

913

551

Total current assets

10,706

10,708

Property and equipment, net

881

949

Goodwill

52,004

53,330

Intangible assets, net

10,018

11,539

Software, net

3,176

3,299

Other noncurrent assets

1,876

2,137

Deferred contract costs, net

959

969

Total assets

$

79,620

$

82,931

LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND EQUITY

Current liabilities:

Accounts payable, accrued and other liabilities

$

2,856

$

2,864

Settlement payables

5,154

5,295

Deferred revenue

728

779

Short-term borrowings

3,642

3,911

Current portion of long-term debt

3,148

1,617

Total current liabilities

15,528

14,466

Long-term debt, excluding current portion

11,755

14,825

Deferred income taxes

3,786

4,193

Other noncurrent liabilities

1,861

1,915

Total liabilities

32,930

35,399

Redeemable noncontrolling interest

175

174

Equity:

FIS stockholders' equity:

Preferred stock $0.01 par value

Common stock $0.01 par value

6

6

Additional paid in capital

46,634

46,466

Retained earnings

2,709

2,889

Accumulated other comprehensive earnings (loss)

(200

)

252

Treasury stock, at cost

(2,643

)

(2,266

)

Total FIS stockholders' equity

46,506

47,347

Noncontrolling interest

9

11

Total equity

46,515

47,358

Total liabilities, redeemable noncontrolling interest and equity

$

79,620

$

82,931

FIDELITY NATIONAL INFORMATION SERVICES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS — UNAUDITED

(In millions)

Exhibit C

Six months ended June 30,

2022

2021

Cash flows from operating activities:

Net earnings (loss)

$

401

$

(28

)

Adjustment to reconcile net earnings (loss) to net cash provided by operating activities:

Depreciation and amortization

1,988

1,924

Amortization of debt issuance costs

15

15

Asset impairments

87

Loss (gain) on sale of businesses, investments and other

(5

)

(230

)

Loss on extinguishment of debt

528

Stock-based compensation

145

241

Deferred income taxes

(386

)

87

Net changes in assets and liabilities, net of effects from acquisitions and foreign currency:

Trade and other receivables

114

(171

)

Settlement activity

(106

)

10

Prepaid expenses and other assets

(250

)

(308

)

Deferred contract costs

(190

)

(212

)

Deferred revenue

(30

)

35

Accounts payable, accrued liabilities and other liabilities

137

(27

)

Net cash provided by operating activities

1,920

1,864

Cash flows from investing activities:

Additions to property and equipment

(173

)

(143

)

Additions to software

(579

)

(470

)

Settlement of net investment hedge cross-currency interest rate swaps

645

(17

)

Net proceeds from sale of businesses and investments

367

Other investing activities, net

(22

)

(60

)

Net cash provided by (used in) investing activities

(129

)

(323

)

Cash flows from financing activities:

Borrowings

30,789

26,969

Repayment of borrowings and other financing obligations

(31,358

)

(27,696

)

Debt issuance costs

(74

)

Net proceeds from stock issued under stock-based compensation plans

15

76

Treasury stock activity

(378

)

(908

)

Dividends paid

(574

)

(486

)

Other financing activities, net

(96

)

(136

)

Net cash provided by (used in) financing activities

(1,602

)

(2,255

)

Effect of foreign currency exchange rate changes on cash

(392

)

(31

)

Net increase (decrease) in cash, cash equivalents and restricted cash

(203

)

(745

)

Cash, cash equivalents and restricted cash, beginning of period

4,283

4,030

Cash, cash equivalents and restricted cash, end of period

$

4,080

$

3,285

FIDELITY NATIONAL INFORMATION SERVICES, INC.

SUPPLEMENTAL NON-GAAP ORGANIC REVENUE GROWTH — UNAUDITED

(In millions)

Exhibit D

Three months ended June 30,

2022

2021

Constant

Acquisition &

Currency

Divestiture

Adjusted

Organic

Revenue

FX

Revenue

Revenue

Adjustment

Base

Growth

Merchant Solutions

$

1,302

$

35

$

1,337

$

1,177

$

16

$

1,193

12

%

Banking Solutions

1,663

10

1,673

1,578

1,578

6

%

Capital Market Solutions

663

13

676

630

630

7

%

Corporate and Other

91

2

92

90

90

N/A

Total (1)

$

3,719

$

60

$

3,779

$

3,475

$

16

$

3,491

8

%

Six months ended June 30,

2022

2021

Constant

Acquisition &

Currency

Divestiture

Adjusted

Organic

Revenue

FX

Revenue

Revenue

Adjustment

Base

Growth

Merchant Solutions

$

2,414

$

47

$

2,461

$

2,143

$

28

$

2,171

13

%

Banking Solutions

3,308

15

3,323

3,119

3,119

7

%

Capital Market Solutions

1,321

18

1,339

1,255

1,255

7

%

Corporate and Other

167

3

170

182

182

N/A

Total (1)

$

7,210

$

82

$

7,293

$

6,699

$

28

6,727

9

%

Amounts in tables may not sum or calculate due to rounding.

(1) Total organic growth excludes Corporate and Other.

FIDELITY NATIONAL INFORMATION SERVICES, INC.

SUPPLEMENTAL NON-GAAP CASH FLOW MEASURES — UNAUDITED

(In millions)

Exhibit D (continued)

Three months ended

Six months ended

June 30, 2022

June 30, 2022

Net cash provided by operating activities

$

1,024

$

1,920

Non-GAAP adjustments:

Acquisition, integration and other payments (1)

145

282

Settlement activity

(56

)

106

Adjusted cash flows from operations

1,113

2,308

Capital expenditures (2)

(307

)

(715

)

Free cash flow

$

806

$

1,593

Three months ended

Six months ended

June 30, 2021

June 30, 2021

Net cash provided by operating activities

$

1,028

$

1,864

Non-GAAP adjustments:

Acquisition, integration and other payments (1)

149

267

Settlement activity

112

(10

)

Adjusted cash flows from operations

1,289

2,121

Capital expenditures (2)

(284

)

(560

)

Free cash flow

$

1,005

$

1,561

Free cash flow reflects adjusted cash flows from operations less capital expenditures (additions to property and equipment and additions to software, excluding capital spend related to the construction of our new headquarters). Free cash flow does not represent our residual cash flows available for discretionary expenditures, since we have mandatory debt service requirements and other non-discretionary expenditures that are not deducted from the measure.

(1)

Adjusted cash flows from operations and free cash flow for the three and six months ended June 30, 2022 and 2021, exclude cash payments for certain acquisition, integration and other costs (see Note 2 to Exhibit E), net of related tax impact. The related tax impact totaled $26 million and $25 million for the three months and $50 million and $45 million for the six months ended June 30, 2022 and 2021, respectively.

(2)

Capital expenditures for free cash flow exclude capital spend related to the construction of our new headquarters totaling $33 million and $30 million for the three months and $37 million and $53 million for the six months ended June 30, 2022 and 2021, respectively.

FIDELITY NATIONAL INFORMATION SERVICES, INC.

SUPPLEMENTAL GAAP TO NON-GAAP RECONCILIATIONS — UNAUDITED

(In millions, except per share amounts)

Exhibit E

Three months ended June 30,

Six months ended June 30,

2022

2021

2022

2021

Net earnings (loss) attributable to FIS common stockholders

$

277

$

341

$

397

$

(32

)

Provision (benefit) for income taxes

77

302

132

205

Interest expense, net

47

48

90

122

Other, net

(27

)

(328

)

(88

)

168

Operating income, as reported

374

363

531

463

Depreciation and amortization, excluding purchase accounting amortization

347

297

710

575

Non-GAAP adjustments:

Purchase accounting amortization (1)

628

675

1,278

1,349

Acquisition, integration and other costs (2)

221

185

410

440

Asset impairments (3)

29

87

Adjusted EBITDA

$

1,599

$

1,520

$

3,016

$

2,827

See Notes to Exhibit E.

FIDELITY NATIONAL INFORMATION SERVICES, INC.

SUPPLEMENTAL GAAP TO NON-GAAP RECONCILIATIONS — UNAUDITED

(In millions, except per share amounts)

Exhibit E (continued)

Three months ended June 30,

Six months ended June 30,

2022

2021

2022

2021

Earnings (loss) before income taxes and equity method investment earnings (loss)

$

357

$

639

$

533

$

171

(Provision) benefit for income taxes

(77

)

(302

)

(132

)

(205

)

Equity method investment earnings (loss)

5

6

Net (earnings) loss attributable to noncontrolling interest

(3

)

(1

)

(4

)

(4

)

Net earnings (loss) attributable to FIS common stockholders

277

341

397

(32

)

Non-GAAP adjustments:

Purchase accounting amortization (1)

628

675

1,278

1,349

Acquisition, integration and other costs (2)

263

185

504

440

Asset impairments (3)

29

87

Non-operating (income) expense (4)

(30

)

(324

)

(92

)

170

Equity method investment (earnings) loss (5)

(5

)

(6

)

Tax rate change (6)

178

178

(Provision) benefit for income taxes on non-GAAP adjustments

(111

)

(46

)

(214

)

(282

)

Total non-GAAP adjustments

779

663

1,563

1,849

Adjusted net earnings

$

1,056

$

1,004

$

1,960

$

1,817

Net earnings (loss) per share-diluted attributable to FIS common stockholders

$

0.45

$

0.55

$

0.65

$

(0.05

)

Non-GAAP adjustments:

Purchase accounting amortization (1)

1.03

1.08

2.09

2.16

Acquisition, integration and other costs (2)

0.43

0.30

0.82

0.70

Asset impairments (3)

0.05

0.14

Non-operating (income) expense (4)

(0.05

)

(0.52

)

(0.15

)

0.27

Equity method investment (earnings) loss (5)

(0.01

)

(0.01

)

Tax rate change (6)

0.29

0.28

(Provision) benefit for income taxes on non-GAAP adjustments

(0.18

)

(0.07

)

(0.35

)

(0.45

)

Adjusted net earnings per share-diluted attributable to FIS common stockholders

$

1.73

$

1.61

$

3.20

$

2.91

Weighted average shares outstanding-diluted (7)

611

624

612

625

Amounts in table may not sum or calculate due to rounding.

See Notes to Exhibit E.

FIDELITY NATIONAL INFORMATION SERVICES, INC.

SUPPLEMENTAL GAAP TO NON-GAAP RECONCILIATIONS — UNAUDITED

(In millions, except per share amounts)

Exhibit E (continued)

Notes to Unaudited - Supplemental GAAP to Non-GAAP Reconciliations for the three and six months ended June 30, 2022 and 2021.

The adjustments are as follows:

(1)

This item represents purchase price amortization expense on all intangible assets acquired through various Company acquisitions, including customer relationships, contract value, technology assets, trademarks and trade names. For the three and six months ended June 30, 2022, this item also includes $17 million and $43 million, respectively, of incremental amortization expense associated with shortened estimated useful lives and accelerated amortization methods for certain acquired software driven by the Company's platform modernization. Our platform modernization focuses on accelerating the modernization of our strategic applications and sunsetting of our redundant platforms and creating a componentized cloud-native set of capabilities that can be consumed by clients as end-to-end business applications or as individual components. The Company has excluded the impact of purchase price amortization expense, as such amounts can be significantly impacted by the timing and/or size of acquisitions. Although the Company excludes these amounts from its non-GAAP expenses, the Company believes that it is important for investors to understand that such intangible assets contribute to revenue generation. Amortization of assets that relate to past acquisitions will recur in future periods until such assets have been fully amortized. Any future acquisitions may result in the amortization of future assets.

(2)

This item represents acquisition and integration costs primarily related to the acquisition of Worldpay as well as certain other costs, including $80 million for the three months and $160 million for the six months ended June 30, 2022, respectively, primarily associated with the Company's platform modernization described in Note (1). For the six months ended June 30, 2021, this item also includes $104 million in accelerated stock compensation expense to reflect the impact of establishing a Qualified Retirement Equity Program that modified unvested equity awards outstanding at January 1, 2021, as well as $12 million and $28 million related to data center consolidation activities for the three and six months ended June 30, 2021, respectively. The Company also recorded charges directly related to COVID-19 of $10 million for the three months and $19 million for the six months ended June 30, 2021. For purposes of calculating Adjusted net earnings, this item includes $42 million and $94 million of incremental amortization expense for the three and six months ended June 30, 2022, respectively, associated with shortened estimated useful lives and accelerated amortization methods for certain software and deferred contract cost assets driven by the Company's platform modernization described in Note (1). The incremental amortization expenses are included in the Depreciation and amortization, excluding purchase accounting amortization line item within the Adjusted EBITDA reconciliation.

(3)

For the three and six months ended June 30, 2022, this item includes $26 million related to impairment of a non-strategic business. For the six months ended June 30, 2022, this item also includes impairment of real estate-related assets as a result of office space reductions.

(4)

Non-operating (income) expense primarily consists of other income and expense items outside of the Company's operating activities, including fair value adjustments on certain non-operating assets and liabilities and foreign currency transaction remeasurement gains and losses. For the three and six months ended June 30, 2022, this item includes net gains on equity security investments without readily determinable fair values of $6 million and $47 million, respectively. For the three and six months ended June 30, 2021, this item also includes $225 million related to the gain on the sale of our equity ownership interest in Cardinal Holdings, LP. In addition, for the six months ended June 30, 2021, this item includes a loss on extinguishment of debt of approximately $528 million relating to tender premiums, make-whole amounts, and fees; the write-off of unamortized bond discounts and debt issuance costs; and losses on related derivative instruments.

(5)

This item represents our equity method investment earnings or loss and was predominantly due to our equity ownership interest in Cardinal Holdings, LP, which was sold on April 29, 2021.

(6)

This item represents the one-time net remeasurement of certain deferred tax liabilities due to the increase in the U.K. corporate statutory tax rate from 19% to 25% effective April 1, 2023, enacted on June 10, 2021.

(7)

For the six months ended June 30, 2021, Adjusted net earnings is a gain, while the corresponding GAAP amount for the period is a loss. As a result, in calculating Adjusted net earnings per share-diluted for this period, the weighted average shares outstanding-diluted amount of approximately 625 million shares used in the calculation includes approximately 5 million shares that in accordance with GAAP are excluded from the calculation of the GAAP Net loss per share-diluted for the period, due to their anti-dilutive impact.

FIDELITY NATIONAL INFORMATION SERVICES, INC.

SUPPLEMENTAL GAAP TO NON-GAAP RECONCILIATIONS ON GUIDANCE — UNAUDITED

(In millions, except per share amounts)

Exhibit F

Three months ended

Year ended

September 30, 2022

December 31, 2022

Low

High

Low

High

Net earnings per share-diluted attributable to FIS common stockholders

$

0.40

$

0.50

$

1.75

$

2.05

Estimated adjustments (1)

1.34

1.28

5.25

5.05

Adjusted net earnings per share-diluted attributable to FIS common stockholders

$

1.74

$

1.78

$

7.00

$

7.10

(1) Estimated adjustments include purchase accounting amortization, acquisition, integration and other costs, and other items, net of tax impact.

Ellyn Raftery, 904.438.6083
Chief Marketing Officer FIS Global Marketing and Corporate Communications
Ellyn.Raftery@fisglobal.com

Nathan Rozof, CFA, 904.438.6918 Executive Vice President
FIS Corporate Finance and Investor Relations
Nathan.Rozof@fisglobal.com

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FIS
Applied UV Installs Patented LumiCide Surface Disinfection Solution into NYC's Mt. Sinai Medical Center Morningside

Applied UV Installs Patented LumiCide Surface Disinfection Solution into NYC's Mt. Sinai Medical Center Morningside

One of The World's Prestigious Hospitals

Applied UV, Inc. (NasdaqCM: AUVI ) ("Applied UV" or the "Company"), a pathogen elimination technology company that applies the power of narrow-range ultraviolet light ("UVC") for surface areas and catalytic bioconversion technology for air purification to destroy pathogens safely, thoroughly, and automatically, announces that its wholly owned subsidiary SteriLumen has just installed its patented LumiCide Surface and Drain UVC Disinfecting Systems initially, in 17 patient rooms within the world renowned Mt. Sinai Medical Center Morningside. Mount Sinai Morningside , formerly known as Mount Sinai St. Luke's, is a teaching hospital located in the Morningside Heights neighborhood of Manhattan in New York City.

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Wellteq Digital Health Inc. Announces Release of the IoMT HealthHub

Wellteq Digital Health Inc. Announces Release of the IoMT HealthHub

  • WellteQ Digital Health Inc. (CSE: WTEQ) (OTCQB: WTEQF) has released the Company's internet of medical things (IoMT) HealthHub into device integrations with Beta research partners for testing purposes.
  • The wellteq HealthHub is the result of an extensive internal development effort to produce an open standard and scalable IoMT platform for distributed virtual care deployments in enterprise health, clinic, pharmacy, and remote locations.
  • The wellteq HealthHub connects, manages, and monitors both standardized medical and non-medical devices for a completely integrated IoMT/IoT intelligent edge solution, allowing for control of any standardized commercial, industrial, residential, or medical smart device - an industry first and must-have for next generation virtual care deployments.
  • The initial market for the wellteq HealthHub will be B2B for both in-market and new-to-market virtual care solutions.
  • wellteq will soon offer its baseline B2B virtual care platform integrating the wellteq HealthHub, wellteq Clinical Vitals Wearable and the wellteq Virtual Care Coaching APP.
  • The IoMT market is projected to grow from $30.79 billion in 2021 to $187.60 billion in 2028 at a compound annual growth rate (CAGR) of 29.5%1. While annual digital health spending is projected to reach $660 billion by 20252.

WellteQ Digital Health Inc. (CSE: WTEQ) (OTCQB: WTEQF), (the "Company" or wellteq"), which supplies digital health and wellness solutions to customers in 12 languages across 32 countries is pleased to announce the Beta release of its new internet of medical things (IoMT) HealthHub, targeting commercial release later this year.

Based on a survey2of physicians in the United States who serve predominantly Medicare fee-for-service (FFS) and Medicare Advantage (MA) patients, McKinsey estimates that up to $265 billion (about $820 per person in the US) worth of care services - which represents up to 25% of the total cost of care - for Medicare FFS and MA beneficiaries could shift from traditional facilities to the home by 2025, without a reduction in quality or access.

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East Side Games Group to Develop Star Trek-Themed Mobile Game in Partnership with ViacomCBS Consumer Products

East Side Games Group to Develop Star Trek-Themed Mobile Game in Partnership with ViacomCBS Consumer Products

East Side Games Group (TSX: EAGR) (OTC: EAGRF) (" ESGG " or the " Company "), Canada's leading free-to-play mobile game group, announces that it has entered into a multi-year partnership with ViacomCBS Consumer Products (" VCP ") for the worldwide release of a Star Trek: Lower Decks -themed mobile game on iOS and Android.

east side games logo (CNW Group/East Side Games Group)

In addition to the storylines and characters from Star Trek: Lower Decks , the mobile game will include characters and stories from across the franchise, reimagining them for fans through the lens of Star Trek: Lower Decks . The Star Trek: Lower Decks -themed game will be developed by East Side Games (" ESG "), in partnership with VCP, utilizing ESGG's proven Game Kit-Idle technology, and will be published by ESG. Australian-based video game company Mighty Kingdom Limited (" MK ") will be co-developing the game alongside ESG, providing the project with MK's franchise knowledge and development expertise. The Star Trek: Lower Decks -themed idle game is expected to launch worldwide in 2022.

The free-to-play mobile game will feature the Star Trek: Lower Decks style and humour to transport players into the Star Trek Universe and will feature characters and settings from across the entire Star Trek library. Be the first to know about the new game by signing up here .

"The Star Trek franchise has had an unmistakable influence on adults and children alike for over 50 years. Being able to bring such a storied franchise to mobile in our trademark idle-game style is an honour for us here at ESGG," said Darcy Taylor , Chief Executive Officer of ESGG. "We're looking forward to sharing this new experience in the Star Trek franchise with everyone from new audiences to Star Trek super fans. This new mobile game is another top tier IP franchise that will only add to an already exciting launch slate in 2022."

ABOUT East Side Games Group

East Side Games Group (formerly operating under the name "LEAF Mobile Inc.") is a leading free-to-play mobile game group, creating engaging games that produce enduring player loyalty. Our studio groups entrepreneurial culture is anchored in creativity, execution, and growth through licensing of our proprietary Game Kit software platform that enables professional game developers to greatly increase the efficiency and effectiveness of game creation in addition to organic growth through a diverse portfolio of original and licensed IP mobile games that include: Archer: Danger Phone, Bud Farm Idle Tycoon, Cheech & Chong Bud Farm , The Goldbergs: Back to the 80s, It's Always Sunny: The Gang Goes Mobile and Trailer Park Boys Grea$y Money , RuPaul's Drag Race Superstar and T he Office: Somehow We Manage .

We are headquartered in Vancouver, Canada and our games are available worldwide on the App Store and Google Play. For further information, please visit: www.eastsidegamesgroup.com and join our online communities at LinkedIn , Twitter , Facebook , and Instagram .

Additional information about the Company continues to be available under its legal name, LEAF Mobile Inc., at www.sedar.com .

ABOUT STAR TREK: LOWER DECKS

Developed by Emmy Award winner Mike McMahan ("Rick and Morty," "Solar Opposites"), STAR TREK: LOWER DECKS focuses on the support crew serving on one of Starfleet's least important ships, the U.S.S. Cerritos , in 2380. Ensigns Mariner, Boimler, Rutherford and Tendi have to keep up with their duties and their social lives, often while the ship is being rocked by a multitude of sci-fi anomalies. The Starfleet crew residing in the "lower decks" of the U.S.S. Cerritos , includes Ensign Beckett Mariner, voiced by Tawny Newsome , Ensign Brad Boimler , voiced by Jack Quaid , Ensign Tendi, voiced by Noël Wells, and Ensign Rutherford, voiced by Eugene Cordero . The Starfleet characters that comprise the ship's bridge crew include Captain Carol Freeman , voiced by Dawnn Lewis , Commander Jack Ransom , voiced by Jerry O'Connell , Doctor T'Ana, voiced by Gillian Vigman , Lt. Shaxs voiced by Fred Tatasciore , Lt. Billups voiced by Paul Scheer and Lt. Kayshon voiced by Carl Tart .

The series is produced by CBS' Eye Animation Productions, CBS Studios' new animation arm; Secret Hideout; and Roddenberry Entertainment. Secret Hideout's Alex Kurtzman and Heather Kadin , Roddenberry Entertainment's Rod Roddenberry and Trevor Roth , and Katie Krentz (219 Productions) serve as executive producers alongside creator and showrunner Mike McMahan . Aaron Baiers (Secret Hideout), who brought McMahan to the project, also serves as an executive producer. Titmouse ("Big Mouth"), the Emmy Award-winning independent animation production company, serves as the animation studio for the series.

STAR TREK: LOWER DECKS streams exclusively on Paramount+ in the U.S. and Latin America and is distributed concurrently by ViacomCBS Global Distribution Group on Amazon Prime Video in Australia , New Zealand , Europe , Japan , India and more and in Canada , airs on Bell Media's CTV Sci-Fi Channel and streams on Crave.

ABOUT VIACOMCBS CONSUMER PRODUCTS

ViacomCBS Consumer Products (VCP) oversees all licensing and merchandising for ViacomCBS Inc. (Nasdaq: VIACA, VIAC), a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, VCP's portfolio includes a diverse slate of brands and content from BET, CBS (including CBS Television Studios and CBS Television Distribution), Comedy Central, MTV, Nickelodeon, Paramount Pictures and Showtime. With properties spanning animation, live-action, preschool, youth and adult, VCP is committed to creating the highest quality product for some of the world's most beloved, iconic franchises. Additionally, VCP oversees the online direct-to-consumer business for CBS and Showtime programming merchandise, as well as standalone branded ecommerce websites for Star Trek, SpongeBob, South Park, and MTV.

ABOUT MIGHTY KINGDOM LIMITED

Mighty Kingdom delights more than 7 million players every month and designs game experiences with the world's most recognised brands such as LEGO, Disney, Mattel, Funcom, Moose Toys, Spinmaster and more, as well as developing its own original games. Our portfolio of games is crafted from our Adelaide headquarters, with a diverse team of more than 140 developers from across Australia . Led by a desire to engage and delight players, we make exceptional experiences that connect our diverse talent with millions of people around the world. We make games with heart. We Love Fun. We want to share it with the world. We want you to be part of it.

Forward-looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the proposed transactions described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.

SOURCE East Side Games Group

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Jazz Resources Reports Additional Drill Holes Intersecting Visible Gold in Multiple Vein System on the Vila Nova Project in Amapa State, Brazil

(TheNewswire)

October 28 2021 TheNewswire - Vancouver, British Columbia, Canada - Jazz Resources Inc. (the " Company " or " JZR ") (TSXV:JZR) is pleased to report that drilling undertaken on the bedrock portion of the Vila Nova gold project, Amapa State, Brazil has intersected multiple veins with visible gold in all four drill holes, including the previously reported veins totaling 23.09 meters grading 31.58 gt (one ounce per tonne) at a vertical depth of 74.47 meters in Hole VN-3 (Cord. 44.416N, 418.157W).

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iSIGN Media Announces a Restructuring of its Management and Board

ISIGN Media Solutions Inc. ("iSIGN" or "Company") (TSX-V: ISD) (OTC: ISDSF), a leading provider of interactive mobile proximity marketing and public security alert solutions announced management and Board changes.

The Board of Directors have accepted the resignation of Bruce Reilly as iSIGN's Chief Financial Officer and has appointed Bob MacBean in his place.

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New integration offers enhanced two-way sync of projects, invoices, and expenses between Knowify and QuickBooks Online Advanced

Knowify, leaders in the construction business management software space, announced today the release of the Knowify Connector - a new and improved integration with QuickBooks Online Advanced which further simplifies the financial management of construction projects for contractors. INTUit (Nasdaq: INTU), the global technology platform behind TurboTax QuickBooks Mint Credit Karma and Mailchimp has made the connector available for all users who utilize both QuickBooks Online Advanced and Knowify at no additional cost.

Knowify and QuickBooks

The Knowify Connector makes it easier than ever for construction businesses to collect data on projects, invoices, and expenses in a single place, eliminating the need for double-data-entry and preserving data quality. The nearly real-time sync of data between the platforms means that users can evaluate project profitability in real-time, and better understand where they have cost overruns. The Connector enables project managers and financial professionals to work in lockstep, so projects can progress without interruption, and the impact of an individual project's profitability on the overall business can be quickly gauged.

"The Knowify Connector has made the already deep integration between QuickBooks Online Advanced and Knowify even more powerful and accessible." Said Marc Visent, CEO and Co-founder of Knowify. "Knowify's mission is to give growing construction companies the tools and guidance needed to execute on projects more efficiently and to understand how each project they take on is affecting their business overall. The Knowify Connector gives contractors faster, more accurate project data, so they can have a clear idea of how their projects and overall business are performing."

Key Benefits:

  1. Streamline your project processes: Avoid dual data entry for projects created in Knowify and corresponding project financials in QuickBooks Online Advanced.
  2. Track performance at a glance: Share project info between Knowify and QuickBooks Online Advanced, to quickly gauge profitability and see actualized project costs vs budget broken down by materials, equipment, labor, and more.
  3. See project updates in real time: Business owners and financial professionals working in QuickBooks Online Advanced and your project managers operating in Knowify can work in sync using the latest project information.

To learn more about Knowify, visit: https://www.knowify.com/

To learn more about the Knowify Connector, visit: https://quickbooks.intuit.com/r/bookkeeping/whats-new-in-quickbooks-online-june-2022/

To learn more about QuickBooks Online Advanced for Construction, visit: https://quickbooks.intuit.com/industry/construction/

About Knowify

Founded in 2016, Knowify's business management software empowers trade contractors and subcontractors to build their business with confidence using a simple but powerful suite of tools. With the ability to create proposals, track employee time and expenses, track job-costs at a granular level, and handle invoicing, Knowify shows the impact every job is having on your business, so you know exactly which projects to focus on. Knowify acts as a single source of truth for every project, eliminating all the manual data entry and expense tracking that keeps business owners and managers tied up at their desk. Knowify also features an extensive integration with Intuit QuickBooks, and is a top-rated construction solution on Intuit's Apps.com.

About Intuit

Intuit is the global technology platform that helps consumers and small businesses overcome their most important financial challenges. Serving more than 100 million customers worldwide with TurboTax , QuickBooks , Mint , Credit Karma , and Mailchimp , we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us for the latest information about Intuit , our products and services, and find us on social .

Preview of the Knowify Connector

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SOURCE Knowify

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Intuit Mailchimp CEO and Co-Founder Ben Chestnut to take on Business Advisor Role; SVP of Intuit QuickBooks Money Platform Rania Succar assumes Mailchimp CEO Duties

INTUit (NASDAQ: INTU), the global technology platform behind QuickBooks , TurboTax , Mint , Credit Karma , and Mailchimp , announced today that Ben Chestnut has made the decision to step back from his role as CEO of Intuit Mailchimp to take on a Business Advisor role within the organization.

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FIS Impact Ventures Selects Ten Startups to Develop Their Fintech Solutions in 2022 Accelerator

Key facts:

  • Ten growth-stage fintech companies have been chosen to take part in the 2022 FIS Fintech Accelerator program, allowing participants to develop their solutions through mentoring, training and a monetary investment.
  • Presented by FIS Impact Ventures and The Venture Center, this year's cohort represents green banking, buy now pay later, P2P payments, debt management, data privacy automation, crypto currency risk management, fraud transaction monitoring, cloud-based compliance, earned wage access and regulatory compliance solutions.
  • Firms founded by women comprise thirty percent of the 2022 cohort.
  • All ten startups will meet with hundreds of bankers, financial services leaders, and venture capital firms during the Accelerator program.

Financial technology leader FIS ® (NYSE: FIS) and The Venture Center have announced the ten companies selected for the 2022 FIS Fintech Accelerator program , providing these growth-stage fintechs with mentoring, training and a monetary investment to develop their solutions.

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FIS Impact Ventures Selects Ten Startups to Develop Their Fintech Solutions in 2022 Accelerator

Key facts:

  • Ten growth-stage fintech companies have been chosen to take part in the 2022 FIS Fintech Accelerator program, allowing participants to develop their solutions through mentoring, training and a monetary investment.
  • Presented by FIS Impact Ventures and The Venture Center, this year's cohort represents green banking, buy now pay later, P2P payments, debt management, data privacy automation, crypto currency risk management, fraud transaction monitoring, cloud-based compliance, earned wage access and regulatory compliance solutions.
  • Firms founded by women comprise thirty percent of the 2022 cohort.
  • All ten startups will meet with hundreds of bankers, financial services leaders, and venture capital firms during the Accelerator program.

Financial technology leader FIS ® (NYSE: FIS) and The Venture Center have announced the ten companies selected for the 2022 FIS Fintech Accelerator program , providing these growth-stage fintechs with mentoring, training and a monetary investment to develop their solutions.

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ANZ New Zealand to move to FIS Modern Banking Platform

Key facts

  • ANZ New Zealand will be the first bank outside the U.S. to utilize FIS' Modern Banking Platform deployed on Microsoft Azure.
  • Once completed, the bank will leverage cloud-based technology for core modernization.

ANZ Bank New Zealand Ltd (ANZ New Zealand) has selected financial technology leader FIS ® (NYSE: FIS) to modernize its core banking capabilities.

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ANZ New Zealand to move to FIS Modern Banking Platform

Key facts

  • ANZ New Zealand will be the first bank outside the U.S. to utilize FIS' Modern Banking Platform deployed on Microsoft Azure.
  • Once completed, the bank will leverage cloud-based technology for core modernization.

ANZ Bank New Zealand Ltd (ANZ New Zealand) has selected financial technology leader FIS ® (NYSE: FIS) to modernize its core banking capabilities.

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