FIS„¢ (NYSE: FIS), a global leader in financial services and payment technology, announced today that its Payments as a Service (PaaS) solution was recently named Best New Software Service of the Year by the 2018 International Business Awards. The awards program was judged by a global committee of industry analysts and executives.
Offered in a hosted environment, the FIS PaaS solution enables financial institutions in Europe and the United Kingdom to access powerful payment processing capabilities without significant upfront capital investments. The FIS solution provides direct access to faster payment schemes, Single Euro Payments Area (SEPA), Bankers Automated Clearing Services (BACS), and Clearing House Automated Payment System (CHAPS).
FIS PaaS can also handle payments reconciliation, settlement and anti-money laundering screening “ all in a single, end-to-end service. Financial institutions have the flexibility to choose the services they need within the platform.
A U.K.-based financial services company recently became the first client to go live on the cloud-based PaaS platform.
We are grateful for this recognition of our innovative Payments as a Service solution, said Raja Gopalakrishnan, head of Global Payments, FIS. At a time of rapid change in the payments landscape, the FIS PaaS platform enables financial institutions to take advantage of the most modern payment technologies and emerging faster payment schemes on a flexible basis with attractive commercial models. We are excited about the solutions potential for leadership in the rapidly growing payments marketplace.
FIS also won Gold Stevies for Best New DevOps Solution of the Year and Best New Identity & Access Solution of the Year. It will receive the awards at the International Business Awards gala, Oct. 20, in London.
Meanwhile, at the Systems in the City Awards, presented by UK technology consultancy Goodacre, FIS also won Best Clearing and Settlement Service.
FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 52,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poors 500 Index. For more information about FIS, visit www.fisglobal.com.