JACKSONVILLE, Fla. & SINGAPORE--(BUSINESS WIRE)--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.”
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.
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