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FIS Strengthens Digital Capabilities With Amount Acquisition
ZACKSยท 2025-09-25 18:46
Core Insights - Fidelity National Information Services, Inc. (FIS) has completed the acquisition of Amount, a leading provider of integrated digital banking origination and decisioning solutions, enhancing its innovative solutions suite across the money lifecycle [1][7] - The integration of Amount is expected to solidify FIS' Banking Solutions segment, which has seen a 4% year-over-year revenue increase in the first half of 2025 [4][7] Company Developments - The acquisition allows FIS to improve account opening processes, accelerate credit card issuance, and enhance payment processing, thereby delivering a seamless customer experience [2][3] - Amount's platform, which processed over 150 million new account applications, is cloud-native and utilizes embedded AI to streamline onboarding for financial institutions [3][7] Financial Performance - FIS' Banking Solutions segment revenues advanced by 4% year-over-year in the first half of 2025, indicating growth potential following the acquisition [4][7] - FIS shares have declined by 14% over the past six months, contrasting with a 3.2% decline in the industry [6]