FIS (NYSE: FIS) announced today that, after an extensive analysis of ways to increase its operational efficiencies, Jefferies LLC has selected FIS as its strategic technology partner in delivering IT services to the firm. The opportunity to improve operational efficiency while better handling the firm’s growth led global investment banking firm Jefferies to select FIS™ (NYSE: FIS), the world’s largest provider of banking and payments technology, consulting and outsourcing solutions, as its long term strategic partner.
With this agreement, FIS will provide transformational services for Jefferies locations worldwide. Combining the strength of its global outsourcing capabilities with the management consulting expertise of its Capco business, FIS is uniquely positioned to bring transformational change to global financial institutions.
“FIS, as a single-source provider with leading expertise in change management and outsourcing, allows financial firms to manage costs and maximize gains through greater efficiencies that other partners simply can’t provide,” said Rob Heyvaert, CEVP, Global Financial Institutions, FIS. “This agreement shows the incredible value proposition Capco’s consulting capabilities and FIS’ technology and outsourcing services can deliver to capital markets firms.”
“As we considered the future needs of our firm and those of our shareholders, developing a strategic partnership that could support our technology change while reducing costs across our global business units made perfect sense,” said Marty DeMonte, CIO and Managing Director, Jefferies. “The depth of expertise FIS offered in both global outsourcing and capital markets was exactly what we were looking for.”Under the agreement, approximately 100 Jefferies employees will join FIS, providing services from locations across North America, Europe and Asia. About FIS FIS is the world’s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 110 countries. Headquartered in Jacksonville, Fla., FIS employs more than 39,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. First in financial technology, FIS tops the annual FinTech 100 list, is 434 on the Fortune 500 and is a member of Standard & Poor’s 500 ® Index. For more information about FIS, visit www.fisglobal.com. Follow us on Facebook ( facebook.com/FIStoday) and Twitter ( @FISGlobal). About Capco Capco, an FIS company, is a global business and technology consultancy dedicated solely to the financial services industry. Its professionals combine innovative thinking with unrivalled first-hand industry knowledge to offer clients consulting expertise, complex technology and package integration, and managed services to move their organizations forward.