Furthering its efforts to create digital experiences that drive positive, rewarding relationships between financial institutions and their customers, FIS, a global leader in banking and payments technology as well as consulting and outsourcing solutions, today announced the opening of its new Digital Innovation Lab in San Francisco.
With a seismic shift underway in how financial institutions, retailers and the industry at large interact with consumers, digital expertise and innovation will continue to reshape the future of financial services. For that reason, FIS created its Digital Innovation Lab to foster the ideation and development of disruptive digital solutions that empower financial clients and commerce.
“Our Digital Innovation Lab will serve as an entrepreneurial ‘garage’, where our engineers build new product prototypes with cutting-edge technologies,” said Doug Brown, SVP and GM, Mobile Financial Services, FIS. “Located in the U.S. hub for high-tech innovation, the lab is empowering FIS to set the pace of digital developments for the financial industry.”
This is FIS’ fourth innovation lab, highlighting the company’s drive to continually reinvent the global financial industry. Other labs are located in New York City, London and Bangkok.
From an immersive, digital display wall that demonstrates the latest FIS innovations to focused work centers for developing apps for watches, wearables, smart TVs, smart cars and more – FIS’ Digital Innovation Lab was designed to foster idea sharing and shorten time-to-market on new applications.
A global leader in next-generation payments platforms, real-time payments and mobile solutions, FIS is focused on and poised to deliver technologies and assets that will modernize banking and payments.
To that end, FIS’ broad portfolio of award-winning mobile solutions – including Cardless Cash®, which Wintrust Bank and BMO Harris Bank recently rolled out in several cities across the United States, and TouchID biometrics – leads the financial industry and continues to exhibit strong growth, with more than 30 million active users. FIS’ mobile capabilities earned the company Best Mobile Banking Technology at the World Finance Technology Awards and the Paybefore Awards 2015 M-Wallet of the Year.