You work in a thriving technology company that’s built on brilliant ideas. And in a fast-moving world, the cogs of your own brain never stop turning.
TOP 3 CHALLENGES FOR TECHNOLOGY FIRMS
Firms like yours are changing the world at a pace that’s getting faster all the time. But can you keep up with customers’ evolving payment needs and the growing demand for sustainability, while freeing up cash to fund innovation?
No wonder
You’re facing more challenges than ever before.
You are at the forefront of innovation – that’s what drives your brand value. It’s a competitive marketplace and you have to be bold, which means continually investing in the next big thing and bringing it to market quickly. It gets harder every year, but addressing three key areas will help you stay in front.
three priorities to drive growth
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of large enterprises reported that
low-code solutions helped reduce costs, and 89% said they lead to more innovative products and services.
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%
For enterprise technology finance leaders, the top 3 investment priorities are:
Modernized systems
of large enterprises will implement purpose-specific ESG data management and reporting software.
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For customers, being able to make payments quickly and safely is key to a successful user experience. At the same time, they’re embracing new ways of making payments.
As your technology business grows into new markets, you need flexible yet secure systems that enable cross-border payments in many currencies. You also need access to the latest payment infrastructure so that you can accept new payment methods, reach more customers, and open a gateway to innovation-driven worldwide growth.
Harness payment innovation
Support more currencies
Gain flexibility
Reduce overhead
Simplify technology
Your pioneering solutions are designed to make customers’ lives easier. But what about your own operations? Here, innovative technology is just as crucial for driving efficiency.
With highly automated integrated systems that are securely accessible in the cloud, you could shrink costs, consolidate processes, support hybrid working, and leave the running of some back-office functions to an expert. With operations as smart as the tech you sell, you’ll get to market faster and have more capital to invest in innovation.
Reduce energy
Your customers and shareholders want you to prove your sustainability credentials – for your whole supply chain as well as for your own business.
But the truth is that big data is consuming computing power, chip manufacturing relies on dwindling resources – and renewable energy generation hasn’t yet caught up with demand. The good news is that cloud-based solutions can help you reduce the environmental impact of your tech.
The challenges may be significant – but with the right partner you can adapt to your customers’ evolving needs, streamline your back-office functions, free up capital to invest in innovation, and reduce the carbon footprint of the solutions you use.
There's a way forward.
don't worry
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Build smart operations
Be more sustainable
Increase consumer trust
Data and analytics
Cloud solutions
YOU’RE WORRYING ABOUT:
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3
trillion in 2026.
$
.5
Releasing capital for innovation
How can you improve efficiency in your function to reduce cost and have more cash for innovation?
There’s so much data, how do you make actionable insights from it?
Making smart decisions
How do you stay ahead of payment innovation, with growing markets and customer expectations changing?
Having flexible payment options
Controlling costs
What are your biggest challenges?
A.
Promoting sustainability
B.
Incorporating new technology
C.
Improving customer experience
D.
Integrating fintech
E.
Managing reputation
F.
Cost pressure/Need to reduce OpEx
G.
You're not alone
Tech firms across the globe are facing similar challenges. Many are turning to partners like FIS® to control costs through streamlined API-powered solutions and as-a-service models that help leverage economies of scale.
Modernized systems
Data and analytics
Cloud solutions
Blockchain and digital currencies
With the goals of: Driving business growth, reducing fraud risk and improving cash visibility
Improving user experiences
Your customers expect fast, secure experiences with their preferred payment methods – wherever they live. How do you meet these demands around the globe?
Wherever you’re headed – new markets, new geographies, a new product line – you face constant disruptions and competition. How do you win the race to market at lower cost?
Speed to market at less cost
Customers and shareholders are looking to you for a commitment to sustainability – so how can you address the environmental cost of modern technology?
Driving sustainability
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Select your answer below...
What’s helped us identify these challenges and opportunities?
With 9% CAGR forecast from 2022-2026, we project global e-commerce transaction value will rise from roughly $6 trillion in 2022 to over
Source: The Global Payments Report 2023, FIS
Source: IDC, November 2022
Source: McKinsey, 2022
FIS launched its comprehensive FIS Climate Action Plan in 2021 to ensure our company does its part to mitigate GHG emissions, including through increased use of energy from renewable sources. We’ve made progress towards these aspirational goals, including making our first carbon offset purchases towards carbon neutrality by offsetting our Scope 1 mobile GHG emissions.
SUSTAINABILITY IS PART OF OUR DNA
Source: The FIS Global Innovation Report 2023
TEAM UP WITH THE RIGHT PARTNER
Even with the threat of an economic downturn, tech firms know that traditional processes will leave them behind. To remain future ready, they are increasingly investing in technological partnerships and innovations that will help them stay resilient, reach new customers and drive growth.
- Taira Hall, SVP, B2B & Strategic Innovation, Embedded Finance, FIS
“The next wave of value creation will be around providing a single pane of financial services. It’s time to activate that journey for your customers.”
MEET TOMORROW’S CUSTOMER NEEDS TODAY
Inflexible payment systems are yesterday’s news. As one of the world’s leading fintechs, FIS helps businesses integrate with the global financial infrastructure so they have everything needed to facilitate preferred payment methods and enable cross-border payments in any currency.
FLEXIBILITY IS KEY
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By 2024,