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August 15, 2022
Finance Technologies

FIS claims early cloud investment prevented COVID-19 disruption

FIS, the US financial software firm, says its 2015 private cloud investments allowed it to swerve coronavirus disruption it claims competitors fell victim to in April. “Three years ago, customers questioned why we were doing it,” says Lee Rob Lee, FIS’s executive vice president for digital and banking products, tells FinTech Futures that without its private cloud, FIS “probably would have been one of the vendors with disruptions”. The US government’s stimulus cheques overwhelmed a number of America’s banking systems during the height of COVID-19. Some 80 million citizens tried to gain access to these cheques in mid-April. US Bank,…
FIS claims early cloud investment prevented COVID-19 disruption

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