Fidelity National Information Services Expands its Digital Capabilities with the Acquisition of Amount

Fidelity National Information Services, Inc. (FIS) has recently completed the acquisition of Amount, a leader in integrated origination and decision solutions for digital banking based in Chicago.

Key Points of the Acquisition

• The integration of Amount expands FIS's suite of innovative solutions, addressing every stage of the money lifecycle in the digital environment.
• The Amount platform enhances account opening, accelerates credit card issuance and payment processing, and provides advanced tools for financial institutions.
• Amount has processed over 150 million new account requests and offers a unified cloud-native platform with built-in artificial intelligence.

Strategic Benefits for FIS

• Strengthens the Banking Solutions segment of FIS with native digital and cloud-oriented capabilities.
• Allows FIS clients to grow in deposits, loans, and card portfolios more effectively and securely.
• It aligns with FIS's strategy of investing in cutting-edge technologies and developing new solutions for the financial sector.

Impact on FIS Performance

• FIS shares have lost 14% in the last six months, compared to the 3.2% decline in the industry.
• FIS currently has a Zacks rating of #3 (Hold).

Other Actions to Consider in the Fintech Sector

• PagSeguro Digital Ltd. (PAGS): Zacks Rank #1 (Strong Buy)
• Barrett Business Services, Inc. (BBSI): Zacks Rank #2 (Buy)
• Omnicom Group Inc. (OMC): Zacks Rank #2 (Buy)

These companies have shown positive surprises in their earnings and favorable growth estimates for 2025.

Implications for the Digital Financial Ecosystem

The acquisition of Amount by FIS represents a strategic move in the evolution of digital financial services. The integration of Amount's advanced technologies, including its cloud-based platform and AI capabilities, could accelerate digital transformation in the traditional banking sector.

This merger has the potential to significantly improve operational efficiency and customer experience in digital financial services, which could impact the way financial products are developed and offered in the near future.