⇑ Major Moves Made by FIS in Crypto Market Boost Expected Q3 Results

Fidelity National Information Services (FIS) are due to report third-quarter results for 2024 on November 4, highlighting the significance of the coin economy for banks. The corporation has seen a reduction in stakes by Everence Capital Management Inc. Meanwhile, FIS is caught in value stock comparison with MA. On cryptocurrency, FIS considers it to be still on the fringe for payments but has linked up with NYDIG to offer Bitcoin services. FIS has also partnered with Fireblocks to introduce crypto trading, DeFi, and staking services to its global clientele. FIS's subsidiary Worldpay is set to enable USDC settlements on Polygon, on top of facilitating conventional businesses to accept the USDC stablecoin. FIS has been recognized as one of Time's 'World's Best Companies' for 2024. Recent research indicates a consumer trend towards seeking financial advice on social media, presenting an opportunity for banks to prevent potential generational trust decline. FIS won big at the 2024 PayTech Awards USA, showcasing excellence in payments technology though the stock has decreased 2.5% since the last earnings report. Looking ahead, the focus is on deposit investment in fintech and ITMs in 2023. Further, BNY Mellon is leading an investment in Coin Metrics along with Deloitte's partnership with NYDIG for rolling out Bitcoin products. Lastly, FIS will allow seamless buying and selling of crypto through debit and credit cards.

FIS Coin News Analytics from Thu, 25 Sep 2014 07:00:00 GMT to Wed, 13 Nov 2024 08:19:10 GMT - Rating 8 - Innovation 6 - Information 9 - Rumor -2