Financial technology company FIS has set up a venture arm.
It aims to invest $150mn over three years.
It will invest in FinTech startups across the world.
Its focus will be on “emerging” technologies like AI and DLT.
What does this mean?
The businesses will not just benefit from capital investment, but from operational support. They will gain access to FIS’ network of channel partners and clients. FIS has stressed it will continue to invest throughout the global pandemic, as now is the time for digital transformation.