 "FIS to provide tech solutions to BMB")
US-headquartered FIS has been selected to provide banking and payment platform for the Bharatiya Mahila Bank (BMS), the country's first women-focused bank.
The NYSE-listed company has entered into a multi-year agreement with BMB for offering core banking, trade finance and payment services like debt card and ATM management.
Fortune 500 company FIS, one of the largest provider of banking technology in the world, was selected as a technology vendor by BMB through a competitive bidding process.
“We are excited about new bank licences being issued. We will compete very diligently and hopefully win some of the mandates,” he said.
FIS, which generates 20% of its revenues from the non-US market, is positive on markets like India, as the growth in this region is in 'higher double digits'. The company has workforce of nearly 7,500 across six cities in India.
The NYSE-listed company has entered into a multi-year agreement with BMB for offering core banking, trade finance and payment services like debt card and ATM management.
Fortune 500 company FIS, one of the largest provider of banking technology in the world, was selected as a technology vendor by BMB through a competitive bidding process.
Also Read
Gary Norcross, president and chief operating officer, FIS said despite fierce bidding, the BMB mandate is an economical viable transactions for us and the company is aiming to bag more just projects in the near future.
“We are excited about new bank licences being issued. We will compete very diligently and hopefully win some of the mandates,” he said.
FIS, which generates 20% of its revenues from the non-US market, is positive on markets like India, as the growth in this region is in 'higher double digits'. The company has workforce of nearly 7,500 across six cities in India.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%