JACKSONVILLE, Fla.--(BUSINESS WIRE)--Furthering its efforts to create digital experiences that drive positive, rewarding relationships between financial institutions and their customers, FIS™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, today announced the opening of its new Digital Innovation Lab in San Francisco.
With a seismic shift underway in how financial institutions, retailers and the industry at large interact with consumers, digital expertise and innovation will continue to reshape the future of financial services. For that reason, FIS created its Digital Innovation Lab to foster the ideation and development of disruptive digital solutions that empower financial clients and commerce.
“Our Digital Innovation Lab will serve as an entrepreneurial ‘garage’, where our engineers build new product prototypes with cutting-edge technologies,” said Doug Brown, SVP and GM, Mobile Financial Services, FIS. “Located in the U.S. hub for high-tech innovation, the lab is empowering FIS to set the pace of digital developments for the financial industry.”
This is FIS’ fourth innovation lab, highlighting the company’s drive to continually reinvent the global financial industry. Other labs are located in New York City, London and Bangkok.
From an immersive, digital display wall that demonstrates the latest FIS innovations to focused work centers for developing apps for watches, wearables, smart TVs, smart cars and more – FIS’ Digital Innovation Lab was designed to foster idea sharing and shorten time-to-market on new applications.
A global leader in next-generation payments platforms, real-time payments and mobile solutions, FIS is focused on and poised to deliver technologies and assets that will modernize banking and payments.
To that end, FIS’ broad portfolio of award-winning mobile solutions – including Cardless Cash®, which Wintrust Bank and BMO Harris Bank recently rolled out in several cities across the United States, and TouchID biometrics – leads the financial industry and continues to exhibit strong growth, with more than 30 million active users. FIS’ mobile capabilities earned the company Best Mobile Banking Technology at the World Finance Technology Awards and the Paybefore Awards 2015 M-Wallet of the Year.
For its work reinventing the way payment processing is viewed, FIS also recently won the 2015 PYMNTS Innovator Gold Award for “NACHA Best Innovation in ACH” as well as “Best Payments Product” at the Banking Technology Awards 2014.
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 40,000 people worldwide and holds leadership positions in payment processing and banking solutions. Providing software, services and outsourcing of the technology that drives financial institutions, FIS is 426 on the Fortune 500 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.