FIS® (NYSE:FIS), a global leader in financial services technology, announced today it has been named a Leader in the IDC MarketScape: North America Digital Core Banking Platforms 2024 Vendor Assessment1.
This recognition follows a detailed evaluation of both the strategies and capabilities of FIS. According to the report, "FIS is known for its focus on local regulations, and FIS Modern Banking Platform provides compliance in all regions where it is deployed. FIS is one of North America's prominent financial services technology providers, with decades of presence in banking, ensuring a low level of third-party risk."
"FIS Modern Banking Platform was built from the ground up as a digitally native, built-for-the-cloud platform. As a component-based architecture, it can integrate within any existing architecture and with many other platforms across the bank's infrastructure. FIS is a trusted and proven partner for banks looking to drive their core modernization strategy and implementation," said Jerry Silva, vice president, global retail banking, IDC.
"We are excited that the IDC MarketScape assessment of North America Digital Core Banking Platforms has validated our leading position as a provider of this technology. This recognition is reflective of our deep experience in this space and our ongoing commitment to investing in cutting-edge technology to support clients looking to grow through Digital Banking". said John Durrant, Banking Solutions President at FIS.
"Our technology powers the global economy across the money lifecycle. In today's era of innovation, banks must leverage modern, cloud-native technologies to support new business models that can respond to a dynamic customer base. FIS' platforms does exactly that by unlocking financial technology to create modern experiences for our clients. We believe this recognition underscores our dedication to providing our clients with robust, scalable, and innovative solutions that meet their evolving needs as they seek to transform their banking ecosystem," continued Durrant.
FIS offers modern core solutions tailored to all types, sizes and geographies. For more information, see here: https://www.fisglobal.com/banking/core.
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).
About the IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.
1 IDC MarketScape: Doc# US50463523, September 2024
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