FIS Plans Expansions Into New Markets, Locations in 2022

FinTech platform FIS touted its expansion into new countries in 2021, and plans to keep expanding this year.

The company, on an earnings call Tuesday (Feb. 15) for the fourth quarter and full year 2021, said its services had been integral to helping companies modernize their infrastructure.

One client, Amerant Bank, outsourced most of its solutions to FIS, combining multivendor tasking into a single partner, which will save money and streamline operations.

FIS is also touting its purchase of payments processor WorldPay in 2019 as another boost to its goals, helping FIS to enter more countries and grow its eCommerce offerings.

The company is also working on its cryptocurrency capabilities in eCommerce, saying it wanted to “expand into attractive new verticals like crypto to capture fast growing and emerging new markets.”

Overall, FIS said its goal is to continue diversifying its capabilities to help meet the needs of various types of companies.

“By all metrics, our colleagues delivered a historic operational performance for FIS in 2021,” said FIS Chairman and CEO Gary Norcross. “Our strategy continues to resonate with our clients and prospects, and our team continues to execute at an exceptionally high level. Our ability to develop flexible, new technologies and to deliver differentiated customer experiences continues to drive strong value for our clients.”

FIS has also recently bought Payrix, an embedded payment company, PYMNTS wrote Monday (Feb. 14).

This will help it bolster its eCommerce offerings and embedded finance capacities.

PYMNTS wrote that the Payrix acquisition will help it go global at scale and add digital and automated onboarding, compliance, billing and settlement tools.

See also: FIS Acquires Payrix to Boost Embedded Payments, eCommerce and SMB Financial Offerings

According to FIS President Stephanie Ferris, the acquisition shows how the company can “unlock the value” of its portfolio.