FIS drives innovation in banking technology with key product launches

In 2024, FIS, a prominent leader in financial technology based in Jacksonville, Florida, made significant advancements in banking technology. The company launched several new products, including the Open Access platform, which enables clients to securely share financial data with various institutions. Another notable release was Digital One Flex Mobile 6.0, a mobile banking application designed with user-friendly interfaces and robust security features. These innovations were a response to increasing consumer demands for seamless and secure banking experiences, as financial institutions faced challenges in adapting to rapidly changing customer expectations. FIS also expanded its capabilities through the acquisition of Dragonfly Financial Technologies, which bolstered its cash management offerings for large businesses. This integration is part of FIS's broader strategy to enhance its service portfolio and entirely modernize the banking environment. The company believes that unlocking new technologies is essential for driving the future of banking on a global scale. The success of these efforts was reflected in numerous industry recognitions received by FIS throughout the year. The company ranked as a leader in various assessments, including IDC MarketScape's report on North America Digital Core Banking Platforms and Everest Group's Core Banking Technology Top 50. Additionally, the Modern Banking Platform (MBP) was celebrated for its technological advances and its ability to serve a wide range of financial institutions, making it the fastest-growing platform in the U.S. Looking toward the future, FIS continues to prioritize delivering innovative financial technology solutions to improve banking experiences. The company's commitment to modernization is evident from its strategies to meet the evolving needs of customers, ensuring that it remains ahead in an increasingly competitive landscape.