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FIS Acquires Amount to Deliver Unified Digital Account Origination, Empowering Financial Institutions to Accelerate Growth and Simplify Banking

1. FIS completes acquisition of Amount, enhancing digital banking capabilities. 2. Amount processed over 150 million applications, boosting FIS's market reach.

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FAQ

Why Bullish?

The acquisition of Amount strengthens FIS's competitive position in digital banking, similar to past acquisitions enhancing service offerings and market presence.

How important is it?

Acquisitions in fintech directly impact FIS’s growth trajectory and service capabilities, influencing investor perceptions significantly.

Why Long Term?

This acquisition positions FIS for sustained growth in digital banking, which is expected to increase over time as digital transformation progresses.

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VMAPYPL
JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS® (NYSE: FIS), a global leader in financial technology, today announced it has completed its acquisition of Chicago-based Amount, a leading provider of unified digital banking origination and decisioning experiences for financial institutions of all types and sizes. 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 d.

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