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FIS, a global leader in financial technology listed on NYSE as FIS, has completed its acquisition of Chicago-based Amount, a premier provider of unified digital banking origination and decisioning experiences. This move bolsters FIS's offerings for financial institutions of varying sizes, streamlining digital account opening for consumers and small businesses across lending, cards, and deposits.
Amount's unified solution simplifies online account opening with embedded AI, providing frictionless experiences that reduce fraud and ensure regulatory compliance. By processing more than 150 million applications, it has established itself as a leader in digital origination for lending, cards, and deposits, now amplifying FIS's ecosystem for secure, efficient operations.
The acquisition strategically positions FIS to support the full money lifecycle. At rest, it streamlines account opening with robust security measures. In motion, it accelerates credit card issuance and payments through rapid approvals and integrated journeys. At work, it equips institutions with tools to enhance efficiency, broaden services, optimize lending, and elevate customer support, driving sustainable growth.
"After years of successful partnership, we are thrilled to welcome Amount’s talented team and innovative capabilities to FIS,” said Stephanie Ferris, CEO and president of FIS. “Our strategy and investments have positioned FIS to lead the next generation of banking solutions, enabling financial institutions to thrive in today's digital-first world with confidence, innovation and reliability. The Amount platform, integrated into FIS digital, core banking and card systems, will help FIS clients grow deposits, loans and card portfolios efficiently and securely."
For Amount, integration with FIS unlocks global infrastructure and expertise, refining market offerings and hastening innovation in customer experiences. This synergy creates the industry's most comprehensive digital banking platform, unifying origination and decisioning to minimize friction and meet modern demands from consumers and businesses.
"Joining forces with FIS marks an exciting new chapter for Amount," said Adam Hughes, CEO of Amount. "FIS provides global scale, robust infrastructure and regulatory expertise that will allow us to strengthen our market offering and deliver seamless, innovative customer experiences and accelerate digital transformation. Becoming part of the FIS organization will create a unique asset and the industry's most comprehensive digital banking platform."
“FIS’ acquisition of Amount is a strategic move that enhances its digital account origination capabilities, positioning the company as a leading provider,” said Stewart Watterson, strategic advisor at Datos Insights. “By unifying digital origination and decisioning, FIS empowers financial institutions to accelerate growth, reduce friction and deliver great customer experiences across deposits, lending and card services. This integration supports its digital transformation efforts and simplifies banking processes to meet the evolving expectations of today’s consumers and businesses.”
FIS's completion of this acquisition reinforces its commitment to cloud-native, modular innovations, empowering clients to navigate the digital era with enhanced reliability and agility across financial services.
FIS is a financial technology company providing solutions to financial institutions, businesses, and developers. We unlock financial technology to the world across the money lifecycle underpinning the world’s financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients to confidently run, grow, and protect their businesses. Our expertise comes from decades of experience helping financial institutions and businesses of all sizes adapt to meet the needs of their customers by harnessing where reliability meets innovation in financial technology.
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