JACKSONVILLE, Fla.– FIS said it has completed its acquisition of Chicago-based Amount, a provider of unified digital banking origination and decisioning experiences for financial institutions.
“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,” FIS said. “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 said it is expanding its portfolio of innovative solutions that support the world’s money lifecycle, “encompassing when money is at rest, in motion and at work.”
The New Solutions
The new solutions include:
- 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,” FIS President and CEO Stephanie Ferris said in a statement. “Our strategy and investments have positioned FIS to lead the next generation of banking solutions, enabling financial institutions to thrive in today’s digital-first world with confidence, innovation and reliability. The Amount platform, integrated into FIS digital, core banking and card systems, will help FIS clients grow deposits
