Independent Study Finds FIS’ Code Connect Platform Brought Productivity Gains, 193% ROI
03 Julho 2024 - 9:00AM
Business Wire
Key Facts
- Code Connect platform hosts FIS’ extensive catalog of over 700
APIs, offering a comprehensive suite of software developer
solutions designed with deep financial services expertise.
- Recent Total Economic Impact™ study from Forrester Consulting
sheds light on the financial and productivity benefits businesses
may gain by implementing FIS Code Connect platform.
- Study found that a composite customer using the Code Connect
platform achieved a net present value of $623,000 over three years,
amounting to a 193% ROI.
FIS® (NYSE: FIS), a global leader in financial technology, today
announced findings from a commissioned study conducted by Forrester
Consulting on The Total Economic Impact (TEI) of the Code Connect™
platform—FIS’ extensive catalog of application programming
interfaces (APIs) for financial software developers. Amongst other
key findings, the study found that a hypothetical composite
organization using the Code Connect platform experienced benefits
amounting to $946,000 over three years versus costs of $323,000,
adding up to a net present value (NPV) of $623,000 and a return on
investment (ROI) of 193%. The study also uncovered additional
benefits to the composite customer using the Code Connect platform,
such as a 20% increase in developer team productivity and a 20%
increase in IT security productivity.
“The study comes at a time when many organizations are preparing
for next year’s budget cycles and starting to build business cases
for new technology investments,” said Melissa Cullen, General
Manager and Head of Core Banking Solutions at FIS. “We believe the
findings of this Forrester TEI study showcase the profound impact
that proven and scalable APIs can have on any organization looking
to optimize its technology spend and bring new capabilities to
market quickly. The Code Connect platform is part of FIS’ vision to
unlock financial technology to the world.”
How Code Connect Works
First launched in 2016, FIS’ Code Connect platform hosts a
catalog of over 700 open API solutions from FIS and its partners,
making it easy for businesses and developers to discover, evaluate,
and integrate them into their systems. By encompassing APIs that
span all stages of the money lifecycle—whether at rest in deposit
accounts, in motion through banking and payment transactions, or at
work through wealth management functions—the Code Connect hub can
help businesses achieve efficiencies, rapidly innovate, and provide
rich digital experiences for their customers.
The Code Connect platform provides a go-to self-service hub for
users looking to learn, try, and buy individual APIs. The company’s
recently announced Atelio™ by FIS fintech platform expands on the
use of APIs and caters to fintechs and other businesses looking to
embed digital financial services capabilities into their existing
products.
About the Study
Forrester’s TEI study evaluated the potential financial and
operational impact for enterprises that adopt FIS’ Code Connect
platform. Forrester interviewed representatives at four
organizations using the Code Connect platform to obtain data about
its costs, benefits, and risks. Forrester subsequently used the
data to design a hypothetical composite organization, where the
costs and benefits of integrating Code Connect were analyzed
through a risk-adjusted financial modeling framework.
Beyond the study’s finding that the composite customer
organization experienced cost savings and increased productivity,
the study also found that the composite organization utilizing the
Code Connect platform benefited from:
- Expanded revenue opportunities: As the study explained,
the Code Connect hub provides access to a diverse array of
financial services, enhancing the ability of financial institutions
to innovate and tap into new markets.
- Faster time to market: The study found that by
streamlining API integrations, the Code Connect platform allows
enterprises to deploy new products and services faster and quickly
adapt to changing market trends.
- Improved customer experience: The study reported that
enterprises stand to gain an improved ability to meet modern
customer experience demands, as the APIs provide plug-and-play
solutions that embody best practices and emerging trends.
- Improved security posture: As found in the study, the
Code Connect platform supports the strengthening of corporate
security measures by allowing customers to incorporate advanced
security features and leverage FIS' ongoing support and deep
understanding of industry-specific threats.
Learn More
Business looking to rapidly innovate and create rich digital
experiences for their customers can visit the Code Connect website
page at https://codeconnect.fisglobal.com/app/home. For the full
Total Economic Impact Study, visit
https://tei.forrester.com/go/fis/codeconnect.
About FIS
FIS is a financial technology company providing solutions to
financial institutions, businesses, and developers. We unlock
financial technology to the world across the money lifecycle
underpinning the world’s financial system. Our people are dedicated
to advancing the way the world pays, banks and invests, by helping
our clients to confidently run, grow, and protect their businesses.
Our expertise comes from decades of experience helping financial
institutions and businesses of all sizes adapt to meet the needs of
their customers by harnessing where reliability meets innovation in
financial technology. Headquartered in Jacksonville, Florida, FIS
is a member of the Fortune 500® and the Standard & Poor’s 500®
Index. To learn more, visit FISglobal.com. Follow FIS on LinkedIn,
Facebook and X.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240703652220/en/
Kim Snider, 904.438.6278 Senior Vice President FIS Global
Marketing and Communications kim.snider@fisglobal.com
Fidelity National Inform... (NYSE:FIS)
Gráfico Histórico do Ativo
De Set 2024 até Out 2024
Fidelity National Inform... (NYSE:FIS)
Gráfico Histórico do Ativo
De Out 2023 até Out 2024