FIS Wins Core Banking Mandates and Expands Deposit Insurance Applications
1 report, 1 independent
Updated Sep 1
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Fidelity National Information Services has secured core banking mandates from a newly formed U.S. bank with assets exceeding $100 billion. The company also won five de novo bank charters in the first half of the year, according to reports.
From cfotech.news
Why it matters
The successful applications reflect fresh demand for regulated financial infrastructure from lenders launching, merging, and upgrading their systems. This trend signals a broader revival in new bank creation and sector consolidation.
From cfotech.news
Who's involved
- Fidelity National Information ServicesSeeking new bank charters and involved in deposit insurance applications with the FDIC.
- Office of the Comptroller of the CurrencyThe company seeking to grant national bank charters and review applications.
- Federal Deposit Insurance CorporationThe agency involved in processing deposit insurance applications for new banks.
Keep exploring
The entities involved
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Fidelity National Information Services
company
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Office of the Comptroller of the Currency
American federal government organization
- The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and the Federal Reserve System are refocusing their joint supervision on material financial risk.
- The Federal Reserve is joining forces with the National Credit Union Administration and the Office of the Comptroller of the Currency to push stablecoin identification standards.
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Federal Deposit Insurance Corporation
US government agency providing deposit insurance
Related events
- The London-based company Revolut has secured conditional approval for a US bank charter from the Office of the Comptroller of the Currency, pending final review by the FDIC.
- The Office of the Comptroller of the Currency is actively involved in the regulatory landscape of crypto firms, challenging and granting national trust bank charters for crypto activities.
- The FDIC and OCC are issuing new rules concerning CRA compliance.
- The Office of the Comptroller of the Currency provided necessary federal regulatory approval for the merger involving Bank First.
- The FDIC guarantees deposits at commercial banks, while the Fed's rate-raising cycle influences Certificate of Deposit yields offered by institutions like EagleBank and American Express.