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Fintech Investing

FIS Tops Chartis' Risk and Compliance Technology Ranking for Seven Years in a Row

Key facts:

  • For seven straight years, FIS places first in the Chartis RiskTech100 ® , an annual ranking of the world's top 100 providers of risk and compliance technology.
  • FIS also wins in five categories: Functionality, Market Presence, Insurance, Trading & Capital Markets, and Front Office Risk Management.

Financial technology leader FIS ® (NYSE: FIS) today announced that it has earned the number one spot in the Chartis RiskTech100 ® for the seventh straight year. Compiled by leading research and analysis firm Chartis Research, the Chartis RiskTech100 ® is an annual ranking of the world's top 100 providers of risk and compliance technology.

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Fintech Investing

FIS Reports Third Quarter 2021 Results

  • Increased revenue 10% while generating strong profitability and cash flow, demonstrating superior execution
  • Achieved annual run-rate revenue synergies and operational expense synergies of approximately $600 million and $475 million, respectively
  • Repurchased $1.2 billion in shares, tripling the pace of first and second quarter buybacks

FIS ® (NYSE:FIS), a global leader in financial services technology, today reported its third quarter 2021 results.

"Our team continues to execute exceptionally well," said Gary Norcross, FIS Chairman and Chief Executive Officer. "We're successfully leveraging our broad portfolio and global reach to speed innovation. Further, our robust cash flow enabled us to accelerate share buybacks during the third quarter without sacrificing our ability to execute our growth-focused M&A strategy."

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Fintech Investing

FIS Updates Capital Allocation Strategy

Key facts:

  • Prioritizes investments for growth, both organically and through mergers & acquisitions (M&A).
  • Accelerates annual dividend growth rate to 20% per year beginning in 2022 to gradually increase the company's dividend payout ratio to approximately 35%.
  • Returns excess capital to shareholders through ongoing share repurchase under existing 100 million share authorization.

FIS ® (NYSE: FIS), a global leader in financial services technology, announced an updated capital allocation strategy today that prioritizes investment in the business to drive growth while simultaneously returning capital to shareholders.

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