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FIS SOLUTIONS
$22.7 billion power move: Global Payments to acquire Worldpay and offload Issuer Solutions to FIS in massive shake-upGlobal Payments is acquiring Worldpay for $22.7 billion while divesting its Issuer Solutions business to FIS for $13.5 billion. The move re...- Serum Partners US company to advance needle-free injection technologySII said, in a statement on Friday that the partnership with IntegriMedical aligns with its vision of 'Health for All' and IntegriMedical's...
- Serum Institute buys 20% stake in IntegriMedicalSerum Institute of India acquires 20% stake in IntegriMedical for N-FIS drug delivery solution. Adar Poonawalla envisions a needle-free vac...
- 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...
- 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.
- 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...
- Millennials, Gen-Z more likely to adapt to Covid crisis; younger families financially vulnerable due to pandemicAs per the survey, Paytm is the top mobile payment wallet in India.
- Nationalisation of distressed NBFCs only plausible silver bulletAs a construct, this isn’t all that different from the template used for non-financial companies under IBC.
- 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.
- IT glitches hit Punjab National Bank’s core banking, ATMsPeople also pointed out that some of PNB’s 10,000-plus ATMs faced glitches after it changed the switch solution provider to FIS from ACI Wo...
- 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...
- US Fintech company FIS renews big office lease at Pune's Westend CentreFIS serves more than 20,000 clients in over 130 countries. It employs more than 55,000 people worldwide.
- 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...
- Arcil names Vinayak Bahuguna as CEO and MDThe appointment has been done after receiving all necessary approval from the Reserve Bank, the company said in a release here today.
- US firm FIS expects to grow 30 per cent in India in digital banking sector"India is on the cusp of financial services explosion. I see potential to grow 20-30% in this country in foreseeable future," said Gary Nor...
- 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...
- 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.
- FIS to deploy, manage 5,500 ATMs of state-owned banksUnder the multi-year agreement, FIS will provide end-to -end outsourcing services including supply, setup and ongoing ATM operation, the Ja...
- SAP deploys financial information system for Indian NavyEnterprise IT solutions provider SAP today said it has deployed an online financial information system (FIS) for the Indian Navy.
- Fidelity Info picks up Second FoundationFidelity Information Systems, a provider of core processing solutions for financial institutions, has acquired Second Foundation, an IT ser...
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