New payments bank launched in India, Fino Payments Bank


India has seen the launch of its fourth payments bank, Fino Payments Bank. For its core banking system, the bank uses Profile from FIS, delivered on a hosted basis.

US Faster Payments Task Force sets ambitious goal for 2020


The Federal Reserve’s Faster Payments Task Force isn’t kidding when it says it wants every US consumer and business to be able to accept faster payments by 2020.

Top fintech stories this week – 26 May 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

FIS to sell majority interest in litigious Capco consulting business


FIS will sell off its majority ownership stake in Capco to private equity investment firm Clayton, Dubilier & Rice (CD&R), establishing Capco as an independent company. FIS will sell approximately 60% equity interest in Capco, the public brand for its management consulting offering, and receive net cash proceeds of $477 million. Upon closing, FIS will […]

Ten start-ups power up for FIS fintech accelerator


FIS and the Arkansas-based entrepreneur support organisation Venture Center have revealed the ten start-ups for their 2017 VC Fintech Accelerator, now in its second year. The 2017 programme received 295 applications from across the US and 39 other countries. The selected companies (all American, bar one) will participate in a 12-week programme designed to accelerate […]

North East Small Finance Bank to launch on FIS Profile core banking system

New banking system project for Infosys Finacle in India

North East Small Finance Bank (NESFB), the first bank of its kind in the northeast of India, is gearing up for launch in early June. For its technology, it’ll be using an outsourced banking and payments platform provided by FIS.

Gently does it for FIS revenue rise


It’s a tale of small numbers with FIS’s latest financial results revealing a moderate rise for earnings and revenue. In its first quarter, FIS’s GAAP revenue increased 3.4% to $2.2 billion from $2.1 billion in the prior year quarter. Operating income increased to $260 million for the quarter, from $184 million in the prior year […]

Top fintech stories this week – 14 April 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Mastercard gets approval to buy VocaLink for $920m Deal expected to close in coming weeks. Bank of England implicated in Libor rigging by secret recording Well, it was secret. FIS sheds Ambit Private Banking business FIS inherited it […]

FIS sheds Ambit Private Banking core software business

UBS and StatPro agree acquisition deal

FIS has sold its Swiss core banking software business, Ambit Private Banking, which it inherited with the acquisition of Sungard, to New Access Banking Software.

Automation in US banking – part 2

Two US credit unions outsource core processing to Symitar

Art Gillis, a seasoned banking technology consultant (working in the computer industry since 1958 – and listed as a top 25 tech consultant by the American Banker) and author, presents his latest “Automation in Banking” report (#31!), which looks at the US core banking and ancillary software market.