FIS Acquires Amount to Deliver Unified Digital Account Origination, Empowering Financial Institutions to Accelerate Growth and Simplify Banking
Key facts
- Acquisition of Amount strengthens FIS’ account origination position with a market-leading unified solution with embedded AI functionality for deposits, lending, and card solutions to support consumers and small and midsize businesses (SMBs)
- Adds digital-native, cloud-first capability to the FIS Banking Solutions business in a large and fast-growing market
- Aligns with FIS’ strategy to add innovative capabilities and modern software platforms across the world’s money lifecycle
With more than 150 million new account applications processed, Amount provides a best-in-class digital account opening experience for consumers and small businesses across lending, cards and deposits. Its cloud-native, unified solution with embedded AI functionality simplifies the online account opening experience for banks, lenders and credit unions, providing customers with a seamless, digital-first capability.
With the addition of Amount, FIS strategically expands its portfolio of innovative solutions that support the world’s money lifecycle, encompassing when money is at rest, in motion and at work.
- At Rest: Simplifies account opening with secure processes that reduce fraud and ensure compliance
- In Motion: Streamlines credit card issuance and payments with faster approvals and seamless customer journeys
- At Work: Empowers institutions with tools to boost efficiency, expand offerings, streamline lending and deliver exceptional service
"After years of successful partnership, we are thrilled to welcome Amount’s talented team and innovative capabilities to FIS,” said
"Joining forces with FIS marks an exciting new chapter for Amount," said
“FIS’ acquisition of Amount is a strategic move that enhances its digital account origination capabilities, positioning the company as a leading provider,” said
This acquisition aligns with FIS’ strategy to add innovative, cloud-native and modular solutions to drive greater value for its clients across the money lifecycle.
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. Headquartered in
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Senior Vice President
kim.snider@fisglobal.com
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