Fis Banking Solutions Uk Limited Company Profile and Financial Insights

Fis Banking Solutions Uk Limited is a subsidiary of FIS, a global leader in financial services technology. It was established in 2018.

FIS Banking Solutions UK Limited is headquartered in London, England, and is a key player in the UK banking market.

The company provides a range of banking solutions, including core banking, payments, and risk management.

Fis Banking Solutions UK Limited has a strong financial foundation, with a significant presence in the UK market. The company's financials are a testament to its stability and growth.

The company's revenue has consistently increased over the years, reaching £123.8 million in 2020. This growth is a result of its expanding client base and increasing demand for its services.

Fis Banking Solutions UK Limited has a diverse client base, including major UK banks and financial institutions. Its services are tailored to meet the unique needs of each client.

The company's financial stability is also reflected in its low debt-to-equity ratio. In 2020, the debt-to-equity ratio was 0.21, indicating a strong ability to meet its financial obligations.

Fis Banking Solutions UK Limited has a clear strategy for growth and expansion, with a focus on investing in new technologies and services. This will enable the company to remain competitive in the market and continue to deliver value to its clients.

Fis Banking Solutions UK Limited is owned by Fis Payments (UK) Limited, which holds 100% of the shares. This is a clear indication of the company's structure and ownership.

The ultimate parent company of Fis Banking Solutions UK Limited is Fidelity National Information Services. This adds an extra layer of complexity to the company's ownership structure.

Here's a breakdown of the company's directors:

Let's talk about ownership. Fis Banking Solutions UK Limited has a clear ownership structure.

The sole shareholder of Fis Banking Solutions UK Limited is Fis Payments (UK) Limited, which holds 100% of the shares.

This means that Fis Payments (UK) Limited has complete control over the company.

Fis Payments (UK) Limited is itself owned by Fidelity National Information Services, which is the ultimate parent company.

Here's a breakdown of the ownership structure:

Fis Banking Solutions UK Limited has a total of 3 directors, each with their own unique profile.

Let's take a closer look at the longest serving directors. Ms Ann Vasileff has been a director since October 2021, making her 56 years old at the time of her appointment.

Mr Jerry Puzey is another long-serving director, appointed in December 2023 at the age of 47.

Here is a list of the current directors of Fis Banking Solutions UK Limited:

Mr Gerald Clanton is the newest director, appointed in August 2024 at the age of 52.

Fis Banking Solutions Uk Limited is a live company located in London, with a Companies House number of 03517639. It operates in the data processing, hosting and related activities sector, SIC Code 63110.

The company was founded in February 1998, making it a mature business with a long history. Fis Banking Solutions Uk Limited has experienced rapid growth in recent years, with an estimated turnover of £139.4m.

Fis Payments (UK) Limited holds a 100% stake in the company, indicating a strong level of ownership and control. This could be beneficial for the company's operations and decision-making processes.

Here's a brief timeline of recent events at Fis Banking Solutions Uk Limited:

FIS Global has a market share of about 2.3% in the Banking & Finance category. This is according to our advanced data science and indexing techniques that scan billions of public documents.

Other major and competing products in this category include various banking and finance solutions.

In the Banking & Finance category, FIS Global is one of the many companies vying for market share.

FIS Global has a strong presence in various industries, with a significant presence in Information Technology and Services, accounting for 17% of their customers. This suggests a strong focus on digital transformation and innovation.

The Financial Services sector is also a major segment, making up 16% of FIS Global's customer base. This is likely due to the company's expertise in providing financial solutions.

Banking is another key industry, with 11% of FIS Global's customers coming from this sector. This highlights the company's ability to cater to the needs of banks and financial institutions.

Global industries have a profound impact on the world's economy and daily life. The global textile industry, for instance, is a significant sector that involves the production and distribution of clothing and fabrics worldwide.

The global textile industry is a massive market with a projected value of over $3 trillion by 2025. It's no wonder that many countries have invested heavily in this sector to boost their economies.

Global partnerships are essential for industries to thrive in today's interconnected world. The United States and China, for example, have a long-standing partnership in the manufacturing sector, with the US being the largest export market for Chinese goods.

This partnership has led to significant economic growth and job creation in both countries.

FIS Global's customer base is diverse, but some industries stand out. Information Technology and Services is the largest segment, making up 17% of their customers.

Financial Services is another significant sector, accounting for 16% of FIS Global's customer base.

Banking is a crucial industry for FIS Global, with 11% of their customers coming from this sector.

Computer Software is also a notable segment, comprising 9% of FIS Global's customers.

FIS is planning a significant hiring spree to sell its new merchant tech. The company aims to add hundreds of new salespeople to bring its combined technology to a wider market.

This hiring push comes after FIS reported a 76% growth in new sales in the merchant solutions category in the first quarter. The company is aggressively selling its new acquiring platform, or NAP, which is built in part on technology obtained from the Worldpay acquisition.

FIS plans to add 300 new salespeople in the merchant solutions category alone. The NAP platform has already processed over 1.8 billion transactions in the first quarter of 2021, and the company expects this number to grow.

The Simple API Gateway, a single point of access, has seen a significant increase in transaction volume, ending the first quarter at over 4 million transactions per day. This growth is a testament to the platform's capabilities and FIS's efforts to sell it in the marketplace.

FinecoBank is a subsidiary of Unicredit that launched in the UK in 2017 as a direct banking entity.

It offers a one-stop solution that comes with a GBP or EUR Visa debit card.

FinecoBank has been around since the late 1990s and serves more than 1.1 million clients in its home market of Italy.

The bank recorded a net profit of €246 million in the first nine months of 2020, up 23% year-on-year.

It's notable that FinecoBank is one of the first entities in Europe to offer traditional banking alongside stockbroking and investing on a single platform.

Instead of standard bank branches, FinecoBank runs "shops" across Italy, with 350 such shops in total.

In Q3 2020, FinecoBank saw 17% total UK growth.

The company has developed its own APIs for seamless integration of its business account features with other applications or back office systems.

Pockit is a prepaid Mastercard that has been around since 2013. It's designed for people who rely on cash because they don't have bank accounts.

By 2016, Pockit had already gained 100,000 customers, with £100 million transacted on the platform. This shows how quickly it was growing.

Direct debits and remittances abroad were added to the platform in late 2016. This expanded its services to cater to a wider range of customers.

By 2020, Pockit's customer base had grown to half a million people. That's a significant increase in just a few years.

Pockit secured a £15 million Series B funding round in December 2020. This investment likely helped the company continue its growth and development.

The start-up uses GPS for processing and Wirecard for issuing. This suggests it has a solid foundation for its operations.

ClearBank is a bank for banks, FIs, and fintechs, offering customers access to UK payment systems and core banking technology to support current account capabilities. It was the first new clearing bank in 250 years to enter the UK market.

ClearBank's tech is cloud-based, built on Microsoft Azure, and has a custom-built, integrated core banking system, known as ClearBank Core. This tech helps customers save £2-3 billion annually on their transactional banking costs.

Countingup is another innovative banking solution, offering a free business current account that can be opened in five minutes on a smartphone. Its banking app does users' accounting, submits VAT returns, generates a profit and loss report, and creates their invoices.

Countingup has partnered with HooYu for identity confirmation services and with Hokodo for invoice insurance services.

Fis Banking Solutions Uk Limited has a financial health check rating of 4.5, exceeding the industry average on 6 measures.

This company is larger than average, with annual sales of £139.4m compared to the industry average of £6.2m.

Its gross margin is 15.7%, but it has a higher cost of product at 63%.

The company has an operating margin of 7.3%, which is more profitable than the industry average of 4.1%.

Fis Banking Solutions Uk Limited has a higher pay structure, with an average salary of £112.1k compared to the industry average of £78.6k.

This company is more efficient, with sales per employee of £334.3k, which is more than the industry average of £171.4k.

It gets paid by customers after 25 days, which is earlier than the industry average of 53 days.

The company's suppliers are paid after just 3 days, which is quicker than the industry average of 37 days.

However, it has less cash available to meet short-term requirements, with only 0 weeks' worth of cash to cover current liabilities, compared to the industry average of 16 weeks.

Fis Banking Solutions Uk Limited has a similar level of debt to the industry average, with a ratio of liabilities to total assets of 56.7%.

Atom Bank is a digital bank that was founded in 2014 and opened for business in October 2016. It has a robust technology setup, including FIS’s Profile core banking system and Wolters Kluwer’s OneSumX for regulatory reporting.

The bank has partnered with several companies to enhance its services, including Thought Machine, a UK-based core banking software start-up, with a multi-year tech deal in 2018. It also chose TruNarrative to help guard against financial crime in May 2019.

Atom Bank has a diverse range of technology systems, including Iress’ Mortgage Sales & Origination (MSO) suite for its mortgage business and front-to-back office. It also uses CSC’s ConfidentID system for security and Phoebus Software for secured business lending and account servicing for residential lending.

In 2021, Atom raised £40 million at 60p-a-share, led by BBVA, which owns about 40% of the bank. This investment has helped Atom continue to grow and expand its services.

ClearBank is a unique banking solution that offers customers access to UK payment systems and core banking technology to support current account capabilities. It was set up in 2015 and is registered in Norfolk.

Nick Ogden, the founder and former CEO of WorldPay, heads up the venture. He states that ClearBank was built specifically to create competition and aims to change the market dynamics radically.

ClearBank users can save £2-3 billion annually on their transactional banking costs. This is a significant amount of money that can be put towards other business expenses or investments.

The bank's tech is cloud-based, built on Microsoft Azure, and has a custom-built, integrated core banking system. This system is known as ClearBank Core and is API developed in accordance with Swift's ISO 20022 standards.

ClearBank's customers include Tide, OakNorth, Viva Wallet, Ecology Building Society, Allpay, and Transactive Systems. These are all reputable businesses that trust ClearBank with their banking needs.

In February 2019, ClearBank received £60 million from the RBS Banking Competition Remedies' Pool A Capability and Innovation Fund. This funding will help the bank continue to grow and develop its services.

Countingup is a UK start-up that offers a banking and accounting service for small businesses and sole traders. It's a game-changer for entrepreneurs who struggle to keep track of their finances.

The service provides a free business current account that can be opened in just five minutes on a smartphone. This is incredibly convenient for busy business owners who need to get up and running quickly.

Countingup's banking app does users' accounting, submits VAT returns, generates a profit and loss report, and even creates their invoices. This level of automation can save small business owners a ton of time and hassle.

In 2018, Countingup raised £2.3 million in seed funding, which helped the company get off the ground. This type of funding is crucial for start-ups that need a boost to reach the next level.

Countingup has a strong investor network, with backers like ING Ventures, Framework Venture Partners, and Sage. These partnerships have helped the company grow rapidly and expand its services.

The company has also partnered with HooYu for identity confirmation services and Hokodo for invoice insurance services. This collaboration with other innovative companies has helped Countingup stay ahead of the curve in the fintech industry.