JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS™ (NYSE: FIS), a global leader in financial services technology, announced today that it has been named as a leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Enterprise Treasury and Risk Management Applications 2019-2020 Vendor Assessment.*
The IDC MarketScape study is an assessment of the leading software-as-a-service (SaaS) and cloud-enabled treasury and risk management applications worldwide. FIS was recognized for its depth of functionality, heavy investment in cloud security, depth of experience and service commitment to its global customers.
“Treasurers right now require more advanced and innovative technology – and it’s driving a digital transformation,” said Kevin Permenter, research manager at IDC. “With FIS’ depth of technology innovation, 50-plus years of experience in financial services and 30 years in treasury, the company has been identified as an industry leader in the IDC MarketScape study.”
“Treasury professionals are facing the pressures of operational efficiency, global liquidity optimization and foreign-exchange risk management,” said Andrew Bateman, EVP of capital markets buyside at FIS. “With expanding responsibilities, treasurers are seeking new technology to improve controls, achieve greater efficiency and strengthen decision-making. We are thrilled that the IDC MarketScape has placed FIS in the Leaders category for the treasury and risk solutions that we provide to our clients.”
* IDC MarketScape: Worldwide SaaS and Cloud-Enabled Enterprise Treasury and Risk Management Applications 2019-2020 Vendor Assessment, doc #US45685819, December 2019
FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. 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 Fortune 500® company and is a member of Standard & Poor’s 500® Index. To learn more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn and Twitter (@FISGlobal).
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.