FIS Named “Technology Provider of the Year” by Asia Risk Magazine
October 03 2017 - 4:01PM
Business Wire
Key facts
- FIS has been named Risk Tech Provider
of the Year by Asia Risk Magazine
- The recognition notes FIS’ leadership
in helping financial institutions navigate new regulatory
requirements such as IFRS 17 and FRTB.
- FIS also won five first place rankings
in the Asia Technology Rankings.
FIS™ (NYSE: FIS), a global leader in financial services
technology, has been named Technology Provider of the Year by Asia
Risk magazine, a leading publication for risk management
professionals in Asia-Pacific.
The recognition notes FIS’ leadership in helping banks, buy-side
firms, insurance firms and other financial institutions navigate
the complexities of changing regulatory requirements such as the
new International Financial Reporting Standard (IFRS 17) and the
Fundamental Review of the Trading Book (FRTB). IFRS 17, which
covers insurance contract accounting, and is expected to
particularly impact insurance companies in parts of Asia.
“FIS won the award this year because of the value-added
knowledge and insight that the firm provided into regulatory
developments and trends, as well as new technology solutions to
meet the demands of clients,” said Blake Evans-Pritchard, deputy
bureau chief, Asia, Risk.net. “The understanding that FIS has
brought to the implementation of IFRS 17, for example, has been
particularly well received in the Asian market.”
In addition to “Technology Provider of the Year,” FIS took first
place in Overall Risk Management; Operational Risk Management;
Enterprise-Wide Risk Management/Cross Risk Integration; Economic
Capital Calculation and Management; and Trading Systems and
Commodities. The Risk Magazine Asia Technology Rankings are
determined by Risk Magazine subscribers.
“We are thrilled to receive this recognition, especially knowing
that it came from our clients’ feedback,” said Nasser Khodri, FIS
group managing director for Asia-Pacific, the Middle East, and
Africa. “We recognize that financial institutions need more than
technology – they need their providers to have a deep understanding
of new regulations and business issues, and help them conform with
new regulatory frameworks. Our focus at FIS is on bringing together
leading-edge technology and domain expertise to help our clients
succeed and grow.”
About FIS
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, consulting, 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 53,000 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 &
Poor’s 500® Index. For more information about FIS, visit
www.fisglobal.com.
Follow FIS on Facebook (facebook.com/FIStoday) and Twitter
(@FISGlobal).
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version on businesswire.com: http://www.businesswire.com/news/home/20171003006494/en/
FIS Global Marketing and CommunicationsKim Snider,
904.438.6278Senior Vice Presidentkim.snider@fisglobal.com
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