JACKSONVILLE, Fla.--(BUSINESS WIRE)--Increasing interactions with government officials and regulators in order to unlock deeper regulatory insight, FIS™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, has announced the opening of its Center of Regulatory Intelligence in Washington, D.C.
FIS clients will have the opportunity to receive insights from the center through regularly published regulatory intelligence briefings and thought leadership insights intended to give client institutions deep intelligence into regulatory initiatives coming out of the legislature, administration and regulatory agencies. Input from the center also will help drive FIS research and development efforts as well as consulting services aimed at helping institutions address regulatory changes prior to implementation.
“Our aim for the Center of Regulatory Intelligence is to translate all of the policy, legislative and regulatory developments into actionable intelligence for our clients, and provide critical, timely knowledge to enable them to achieve compliance,” said Sai Huda, senior vice president and general manager, Enterprise Governance, Risk and Compliance (EGRC) Solutions, FIS. “The unique perspective gained by monitoring regulatory change at such close proximity to the policy makers will allow us to empower our clients to stay one step ahead, identify impact precisely, make smart business decisions and further succeed in addressing new regulation.”
Peter Dugas, a former deputy assistant secretary at the U.S. Department of the Treasury, will lead FIS’ Center of Regulatory Intelligence. He and other FIS representatives will be in place to provide subject matter expertise and congressional testimony in support of the financial industry, to attend congressional hearings, and to learn directly from top regulators in order to develop a better understanding of current and future regulatory changes for FIS customers.
Earlier this year, FIS earned new ISO certification for managing and maintaining sensitive data. It also recently was selected by the Department of Homeland Security to serve as a cybersecurity research partner and by Microsoft as a partner in cybersecurity at the Microsoft Cybercrime Center. In addition, with more than 5,000 financial institutions among its Enterprise Governance, Risk & Compliance (EGRC) clients, FIS is one of the industry’s leading resources on regulatory requirements and training.
FIS is a global leader in banking and payments technology as well as consulting and outsourcing solutions. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 42,000 people worldwide and holds leadership positions in payment processing and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com.
This press release may contain statements, estimates or projections that constitute “forward-looking statements” pursuant to the safe harbor provisions of the U.S. federal securities laws. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from FIS’s historical experience and our present expectations or projections. These risks include, but are not limited to, changes in general economic, business and political conditions, developmental and conversion delays or disruptions inherent with new software products and technology, and risks of reduction in revenue from the elimination of existing and potential customers due to consolidation in or new laws or regulations affecting the banking, retail and financial services industries, changes in the growth rates of the markets for our solutions, and other risks detailed in our filings with the Securities and Exchange Commission (SEC), including the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2014, and subsequent SEC filings. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. FIS undertakes no obligation to publicly update or revise any forward-looking statements.