FIS Drives New Value as Sell-Side and Buy-Side Client Needs Converge
11 Janvier 2024 - 2:00PM
Business Wire
Key facts
- As economic, strategic and risk factors are mounting, buy-side
firms are turning to FIS for expanded capabilities to remain
competitive and grow.
- FIS has recently signed contracts with several buy-side firms
tapping into solutions from FIS historically used by sell-side,
such as the Cleared Derivatives and Cross-Asset Trading and Risk
Platforms.
- These platforms are modular and scalable while offering buy-
and sell-side firms help with operational efficiencies, creating
new revenue streams, mitigating risks, and more.
FIS® (NYSE: FIS), a global leader in financial technology, today
announced that it has expanded its sell-side solutions to new
buy-side clients. As buy-side clients face pressures to find new
revenue streams, reduce risk, drive operational efficiency, and
deliver new value for their customers, FIS is giving these firms
new capabilities via its sell-side solutions.
One way FIS is supporting these clients’ needs is with its
Cleared Derivatives (CD) platform, which has historically been used
by clearing members. This platform is seeing new adoption by
buy-side firms such as hedge funds, asset managers and insurance
companies as it enables these firms to access trading venues and
clearing houses directly, helping reduce their counterparty risk
and freeing up capital.
Similarly, the FIS Cross-Asset Trading and Risk Platform, which
traditionally features sell-side capabilities, is now enabling
buy-side firms to better achieve asset diversification and scale up
new strategies for revenue growth. Buy-side clients are using the
platform for its robust features including real-time controls for
trading, order management, profit and loss, general ledger and
more. The platform is modular and allows for clients to scale the
solution as needed to support their growth. In the third quarter of
2023, FIS signed new client contracts for this platform with
several buy-side firms.
"We are proud to announce that we have expanded our sell-side
solutions to new buy-side clients, as well as strengthened our
relationship with our existing sell-side clients," said Nasser
Khodri, Capital Markets President at FIS. "As one of the largest
financial technology companies, we have the strengths,
capabilities, and expertise required to not just provide our
buy-side clients with the sell-side capabilities they’re seeking,
but to ensure they’re acquiring them through modern and
cloud-native SaaS solutions for maximum efficacy. I’m excited to
see the opportunities that this industry trend creates for FIS and
our extensive network of buy-side clients."
About FIS
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).
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240111800582/en/
Kim Snider, 904.438.6278 Senior Vice President FIS Global
Marketing and Communications kim.snider@fisglobal.com
Fidelity National Inform... (NYSE:FIS)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Fidelity National Inform... (NYSE:FIS)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024