Give banks capital relief for insurance backed trade finance products: IBA to RBIWhile the RBI permits capital relief to banks and FIs for policies from the Export Credit Guarantee Corporation (ECGC), similar treatment i...
10 May, 2023, 07.30 PM IST
Worldpay to focus on large cross-border payments in IndiaIn 2019, UK-based Worldpay was acquired by FIS of the US at an enterprise value of $45 billion. FIS is reportedly now looking to spin World...
03 May, 2023, 06.00 AM IST
Financial services company FIS to hire 10,000 people in IndiaAccording to FIS, it is offering a hybrid working mode allowing the employees flexi working hours for the past one-and-a-half years due to ...
30 Sep, 2021, 03.43 PM IST
Tech Mahindra signs agreement with FIS, to acquire captive unit in AsiaAs part of the agreement, Tech Mahindra will buy FIS subsidiary Payments Technology Services for $9 million.
12 Jan, 2021, 07.14 PM IST
India becomes the leader in real-time transactions with 41 million payments per day: ReportBut in terms of the growth rate, the list is topped by Bahrain with 657% growth, followed by Ghana at 488%, the Philippines at 309%, Austra...
07 Oct, 2020, 04.37 PM IST
FIS India flouts ATM service conditions of Bank of IndiaThe problem came to light due to a complaint by a whistleblower, a source aware of the developments told ET. The issue has been taken up th...
29 Nov, 2019, 07.10 PM IST
Bharat Panchal, Sanjay Saxena quit National Payments CorpWhile Panchal has joined payments technology company FIS Global as its chief risk officer in charge of India, Middle East and Africa, Saxen...
15 Oct, 2019, 08.39 AM IST
FIS India revenue crosses $100 millionA bulk 70 percent of the revenue accrue from the payments front, while the rest come from the legacy core banking systems for retail banks.
13 Jan, 2019, 03.46 PM IST
Fino ties up with FIS for financial services technologyFIS will provide a fully integrated banking and payments platform through a completely outsourced delivery model, which encompasses core ba...
21 Aug, 2017, 06.29 PM IST
ESAF ties up with FIS for micro finance bankESAF Small Finance Bank was created to serve micro- and small-credit needs for women in parts of India where there is little bank represent...
24 Nov, 2016, 09.56 PM IST
FIS to open financial inclusion lab in BangaloreFIS said it would open a financial inclusion lab in India to help develop new ways to extend banking services in far-flung parts of the cou...
24 Aug, 2015, 04.50 PM IST
Bandhan Bank may begin operations by early 2015; partners Fidelity Information Services for techFIS would provide a fully integrated banking and payments solution platform to allow Bandhan to offer services to the underprivileged peopl...
09 Oct, 2014, 07.09 PM IST
Small banks turn to open source solutions to cut costsCo-operative banks and newly-licensed ones are increasingly adopting open source and cloudbased solutions as they look to bring down costs.
13 Aug, 2014, 12.10 PM IST
- SAP deploys financial information system for Indian Navy
Enterprise IT solutions provider SAP today said it has deployed an online financial information system (FIS) for the Indian Navy.
10 Aug, 2012, 05.43 PM IST
Let host nation regulate foreign financeIndia's system of host regulation, which makes good economic sense, has both empowered and insulated the economy.
14 Nov, 2009, 01.48 AM IST
- FIS sacks 100 Chennai staff
Fidelity National Information Services (FIS) has given pink slips to over 100 employees at its Chennai operations. This constitutes more th...
11 Nov, 2008, 02.11 AM IST
- Fidelity Info picks up Second Foundation
Fidelity Information Systems, a provider of core processing solutions for financial institutions, has acquired Second Foundation, an IT ser...
06 Mar, 2007, 03.17 AM IST