In a significant move aimed at transforming the asset servicing landscape, Fidelity National Information Services Inc. (FIS) has launched the FIS Asset Servicing Management Suite. This innovative suite promises to enhance operational efficiency across all areas of asset servicing, addressing the growing complexities and challenges faced by financial institutions today.

1. A Comprehensive Solution for Asset Servicing

The FIS Asset Servicing Management Suite is poised to revolutionize asset servicing by integrating traditionally siloed functions such as corporate actions processing, proxy voting, class action claims, operational claims, and tax reclaim management. By bringing these critical operations together into one seamless platform, FIS aims to provide a more cohesive experience that enhances capital investment efficiency and minimizes operational risks.

Addressing Industry Challenges

The need for such a solution comes as asset servicing faces increasing pressure from fragmented vendor reliance, which often results in inefficiencies, data inaccuracies, and heightened operational risks. These challenges can lead to significant financial losses for institutions and their clients alike, with customer satisfaction taking a hit as a result.

Matt Stauffer, head of Back Office Solutions at FIS, emphasized the importance of addressing these operational inefficiencies. "Operational inefficiencies in asset servicing directly translate to real financial losses for everyday investors," he stated. Stauffer highlighted that issues such as incorrect corporate actions processing or failed proxy votes affect not just institutions but also the customers whose pensions and savings are reliant on these systems functioning properly.

2. Features and Benefits of the Suite

The FIS Asset Servicing Management Suite offers a unified platform that minimizes data fragmentation, allowing financial institutions to gain better insights and make informed decisions. Key features of the suite include:

Automated Workflows: By automating manual processes, the suite helps institutions shift their focus from operational maintenance to strategic value creation.

Enhanced Risk Management: The integrated platform reduces operational risks associated with fragmented infrastructures, leading to improved decision-making.

Cost Efficiency: By consolidating multiple vendor solutions into one platform, FIS aims to streamline costs and enhance overall efficiency.

Improved Client Experience: The suite enhances the overall client experience by ensuring that critical operations are executed flawlessly, thereby protecting the financial interests of everyday investors.

3. A Commitment to Financial Technology Innovation

FIS's launch of the Asset Servicing Management Suite reflects its ongoing commitment to advancing financial technology solutions that can adapt to the evolving needs of financial institutions. As a leader in the global financial technology sector, FIS continues to unlock innovative solutions that underpin the world’s financial system.

Headquartered in Jacksonville, Florida, FIS is a prominent member of the Fortune 500® and the Standard & Poor’s 500® Index. The company’s dedication to harnessing reliable and innovative financial technology underscores its mission to empower clients in running, growing, and protecting their businesses.

As the financial landscape continues to evolve, the FIS Asset Servicing Management Suite stands out as a critical tool for institutions seeking to navigate the complexities of asset servicing while enhancing operational efficiency and customer satisfaction.

Original press release