What is FIS?
It's an international provider of financial services technology and outsourcing services, based in Jacksonville, Florida. Its full name is Fidelity National Information Services Inc., and it employs over 55,000 people around the world. The company provides payment processing and banking software, services and outsourcing of associated technology.
Where have you heard about FIS?
FIS is often in the news - for example, in August 2015 when it agreed to buy SunGard for $5.1 billion in cash and stock. The acquisition was completed on November 30, 2015.
What you need to know about FIS.
FIS has a big range of products for the financial services sector, including both retail and investment banking. One such product is Profile, a banking application based on the open source GT.M, a transaction processing database engine maintained by FIS.
The company says it can automate the detailed processes associated with trading, managing investment portfolios and accounting for investment assets with strategic, operational and technology solutions.
FIS promises: "Our componentized approach enables our clients to continuously transform the banking and wealth management experience, adapt to the changing interaction model and offer a differentiated customer experience."