Pelagos Insurance Capital (Formerly Fidelis Insurance Group) Announces Official Rebrand




Pelagos Insurance Capital (Formerly Fidelis Insurance Group) Announces Official Rebrand

• The Company has rebranded as Pelagos Insurance Capital, effective May 11, 2026
• The Company’s common shares are expected to begin trading under the new name and ticker symbol “PLGO,” effective May 12, 2026
• Pelagos Insurance Capital will report its first quarter 2026 financial results after market close on May 13, 2026 and hold its earnings call on May 14, 2026

PEMBROKE, Bermuda–(BUSINESS WIRE)–Pelagos Insurance Capital Limited (“Pelagos Insurance Capital” or the “Company”), formerly Fidelis Insurance Holdings Limited (NYSE:FIHL), an expert capital allocator and risk selector in specialty insurance and reinsurance, announced today that following shareholder approval at its Annual General Meeting on April 28, 2026, the Company has rebranded as Pelagos Insurance Capital. The legal name change is effective as of May 11, 2026, and the Company’s ticker symbol is expected to change from “FIHL” to “PLGO” on the New York Stock Exchange effective May 12, 2026.

Dan Burrows, Group Chief Executive Officer, commented: “Our new name, Pelagos Insurance Capital, marks an exciting milestone in our evolution. The name is a stronger, clearer reflection of who we are. It captures what we’ve built, how we create value, and where we’re going.

“The name Pelagos underscores this unique position in the market. We create value by linking capital to risk, specialist partners to global opportunity, and people to a shared ambition. Like an archipelago with distinct parts that are closely linked and stronger together, our new name speaks to the power of connection.

“While our name is changing, everything else is staying the same. The same team and expertise, the same capital strength and underwriting strategy, and the same commitments to our clients, brokers, and shareholders. As Pelagos Insurance Capital, we’re building on a strong foundation with real momentum. We’re excited about what comes next.”

Pelagos Insurance Capital will release its Q1 2026 financial results after market close on May 13, 2026, as previously announced. The earnings call will follow on May 14, 2026 at 9:00 am ET. Results and webcast access will be available in the Investors section of our website at www.pelagosinsurancecapital.com.

To join the teleconference, dial 1-800-715-9871 (U.S. and Canada) or 1-646-307-1963 (international) and enter passcode 8797451 approximately 10 minutes before the call. A live, listen-only webcast will also be accessible via our website at www.pelagosinsurancecapital.com.

About Pelagos Insurance Capital

Pelagos Insurance Capital, formerly Fidelis Insurance Group, is an expert capital allocator and risk selector in specialty insurance and reinsurance. We bring together strategic capital and specialist underwriting expertise to deliver value through the cycle.

With a differentiated, diversified portfolio and strong balance sheet, we deploy capital into the most compelling areas of the market through our network of best-in-class underwriting partners. Our deep expertise and multiple points of access to the market enable us to adapt as the market evolves, optimize performance, and produce superior outcomes for clients, brokers, and shareholders.

Pelagos Insurance Capital makes the connections that matter in specialty risk.

For additional information about Pelagos Insurance Capital, our people, products and our insurer financial strength ratings please visit our website at www.pelagosinsurancecapital.com.

Contacts

Pelagos Insurance Capital Investor Contact:
Pelagos Insurance Capital

Miranda Hunter

+1 441 279 2561

Pelagos Insurance Capital Media Contact:
Rein4ce

Sarah Hills

+44 (0)7718 882011

Pelagos Insurance Capital (Formerly Fidelis Insurance Group) Announces Official Rebrand




Pelagos Insurance Capital (Formerly Fidelis Insurance Group) Announces Official Rebrand

• The Company has rebranded as Pelagos Insurance Capital, effective May 11, 2026
• The Company’s common shares are expected to begin trading under the new name and ticker symbol “PLGO,” effective May 12, 2026
• Pelagos Insurance Capital will report its first quarter 2026 financial results after market close on May 13, 2026 and hold its earnings call on May 14, 2026

PEMBROKE, Bermuda–(BUSINESS WIRE)–Pelagos Insurance Capital Limited (“Pelagos Insurance Capital” or the “Company”), formerly Fidelis Insurance Holdings Limited (NYSE:FIHL), an expert capital allocator and risk selector in specialty insurance and reinsurance, announced today that following shareholder approval at its Annual General Meeting on April 28, 2026, the Company has rebranded as Pelagos Insurance Capital. The legal name change is effective as of May 11, 2026, and the Company’s ticker symbol is expected to change from “FIHL” to “PLGO” on the New York Stock Exchange effective May 12, 2026.

Dan Burrows, Group Chief Executive Officer, commented: “Our new name, Pelagos Insurance Capital, marks an exciting milestone in our evolution. The name is a stronger, clearer reflection of who we are. It captures what we’ve built, how we create value, and where we’re going.

“The name Pelagos underscores this unique position in the market. We create value by linking capital to risk, specialist partners to global opportunity, and people to a shared ambition. Like an archipelago with distinct parts that are closely linked and stronger together, our new name speaks to the power of connection.

“While our name is changing, everything else is staying the same. The same team and expertise, the same capital strength and underwriting strategy, and the same commitments to our clients, brokers, and shareholders. As Pelagos Insurance Capital, we’re building on a strong foundation with real momentum. We’re excited about what comes next.”

Pelagos Insurance Capital will release its Q1 2026 financial results after market close on May 13, 2026, as previously announced. The earnings call will follow on May 14, 2026 at 9:00 am ET. Results and webcast access will be available in the Investors section of our website at www.pelagosinsurancecapital.com.

To join the teleconference, dial 1-800-715-9871 (U.S. and Canada) or 1-646-307-1963 (international) and enter passcode 8797451 approximately 10 minutes before the call. A live, listen-only webcast will also be accessible via our website at www.pelagosinsurancecapital.com.

About Pelagos Insurance Capital

Pelagos Insurance Capital, formerly Fidelis Insurance Group, is an expert capital allocator and risk selector in specialty insurance and reinsurance. We bring together strategic capital and specialist underwriting expertise to deliver value through the cycle.

With a differentiated, diversified portfolio and strong balance sheet, we deploy capital into the most compelling areas of the market through our network of best-in-class underwriting partners. Our deep expertise and multiple points of access to the market enable us to adapt as the market evolves, optimize performance, and produce superior outcomes for clients, brokers, and shareholders.

Pelagos Insurance Capital makes the connections that matter in specialty risk.

For additional information about Pelagos Insurance Capital, our people, products and our insurer financial strength ratings please visit our website at www.pelagosinsurancecapital.com.

Contacts

Pelagos Insurance Capital Investor Contact:
Pelagos Insurance Capital

Miranda Hunter

+1 441 279 2561

Pelagos Insurance Capital Media Contact:
Rein4ce

Sarah Hills

+44 (0)7718 882011

Nuclera Launches Antibody Triage Service to Advance AI-Driven Antibody Discovery




Nuclera Launches Antibody Triage Service to Advance AI-Driven Antibody Discovery

• Rapid binder triage, of AI-driven candidate sets, enables early elimination of non-binders ahead of costly downstream workflows
• Powered by cell-free technology to convert AI-generated candidates into experimental binding data

CAMBRIDGE, England & BOSTON–(BUSINESS WIRE)–Nuclera, the biotechnology company enabling rapid access to high-quality proteins, today announced the launch of its antibody screening service to streamline the transition from antibody hit generation to lead selection. The service will support researchers seeking to identify the most promising antibody candidates to progress to costly mammalian expression and functional testing, addressing a key bottleneck in AI-driven antibody discovery. The launch follows the Company’s Series C extension¹, enabling the integration of antibody expression and binding validation to support antibody discovery workflows.

Nuclera’s antibody service delivers a rapid upstream triage workflow that identifies viable binders early on in the process between in silico hit generation and mammalian scale-up. By utilizing 96-plex binary cell-free expression and binding assays, the service screens full length antibody libraries in parallel, rapidly narrowing large candidate sets to a focused subset of confirmed binders. Surface Plasmon Resonance is then performed on prioritized hits for binding kinetics.

Despite advances in bioinformatics and in silico antibody design, a major bottleneck remains in experimentally validating large numbers of candidates. Traditional antibody secondary screening methods are often slow and fragmented, which typically result in large amounts of resources being spent on non-binders through costly processes.

As AI-driven approaches generate increasingly large antibody libraries, the need for rapid, cost-effective triage solutions has become more critical. Nuclera’s antibody service addresses this gap by converting large AI-generated libraries into experimental binding data and enabling early elimination of non-binders, reserving expensive downstream biology for candidates proven to bind and accelerating progression to validated leads.

Dr Michael Chen, CEO and co-founder, Nuclera, said: “Antibodies are one of the most important classes of therapeutic molecules, yet antibody discovery remains inefficient, with many initially promising candidates failing during downstream validation. A key bottleneck is the cost of recombinant antibody expression and binding validation, which limits the generation of high-quality data, and is holding back the full potential of AI/ML discovery. The launch of our antibody service addresses this challenge by enabling rapid triage of large candidate sets and delivering decision-grade binding data early in the discovery process at a competitive cost. By helping teams focus on the most promising candidates before scale-up, we are taking an important step toward enabling more effective use of AI in antibody discovery.”

For more information about Nuclera’s antibody service, please visit: https://www.nuclera.com/services/antibody/

1. Press release, January 13 2026: Nuclera extends Series C funding to $87M to advance antibody engineering

Contacts

Media contact:
Dr Ben Rutter

Zyme Communications

Tel: +44(0)7920 770 935

Email: ben.rutter@zymecommunications.com

Nuclera Launches Antibody Triage Service to Advance AI-Driven Antibody Discovery




Nuclera Launches Antibody Triage Service to Advance AI-Driven Antibody Discovery

• Rapid binder triage, of AI-driven candidate sets, enables early elimination of non-binders ahead of costly downstream workflows
• Powered by cell-free technology to convert AI-generated candidates into experimental binding data

CAMBRIDGE, England & BOSTON–(BUSINESS WIRE)–Nuclera, the biotechnology company enabling rapid access to high-quality proteins, today announced the launch of its antibody screening service to streamline the transition from antibody hit generation to lead selection. The service will support researchers seeking to identify the most promising antibody candidates to progress to costly mammalian expression and functional testing, addressing a key bottleneck in AI-driven antibody discovery. The launch follows the Company’s Series C extension¹, enabling the integration of antibody expression and binding validation to support antibody discovery workflows.

Nuclera’s antibody service delivers a rapid upstream triage workflow that identifies viable binders early on in the process between in silico hit generation and mammalian scale-up. By utilizing 96-plex binary cell-free expression and binding assays, the service screens full length antibody libraries in parallel, rapidly narrowing large candidate sets to a focused subset of confirmed binders. Surface Plasmon Resonance is then performed on prioritized hits for binding kinetics.

Despite advances in bioinformatics and in silico antibody design, a major bottleneck remains in experimentally validating large numbers of candidates. Traditional antibody secondary screening methods are often slow and fragmented, which typically result in large amounts of resources being spent on non-binders through costly processes.

As AI-driven approaches generate increasingly large antibody libraries, the need for rapid, cost-effective triage solutions has become more critical. Nuclera’s antibody service addresses this gap by converting large AI-generated libraries into experimental binding data and enabling early elimination of non-binders, reserving expensive downstream biology for candidates proven to bind and accelerating progression to validated leads.

Dr Michael Chen, CEO and co-founder, Nuclera, said: “Antibodies are one of the most important classes of therapeutic molecules, yet antibody discovery remains inefficient, with many initially promising candidates failing during downstream validation. A key bottleneck is the cost of recombinant antibody expression and binding validation, which limits the generation of high-quality data, and is holding back the full potential of AI/ML discovery. The launch of our antibody service addresses this challenge by enabling rapid triage of large candidate sets and delivering decision-grade binding data early in the discovery process at a competitive cost. By helping teams focus on the most promising candidates before scale-up, we are taking an important step toward enabling more effective use of AI in antibody discovery.”

For more information about Nuclera’s antibody service, please visit: https://www.nuclera.com/services/antibody/

1. Press release, January 13 2026: Nuclera extends Series C funding to $87M to advance antibody engineering

Contacts

Media contact:
Dr Ben Rutter

Zyme Communications

Tel: +44(0)7920 770 935

Email: ben.rutter@zymecommunications.com

Kiabi Selects Navan to Centralise Global Travel Program




Kiabi Selects Navan to Centralise Global Travel Program

Fashion retailer targets high employee adoption and efficiency with AI-powered travel platform

PALO ALTO, Calif.–(BUSINESS WIRE)–Navan (NASDAQ: NAVN), the global AI-powered business travel and expense platform, today announced it has been selected by Kiabi, the French multinational fashion retailer, to consolidate its global travel with one unified platform.

To support its workforce of nearly 10,000 “Kiabers,” the retailer required a solution capable of providing an easy-to-use travel platform. Navan was selected due to its intuitive AI-powered interface and ability to integrate with Kiabi’s travel policies directly in-app.

“Managing travel was becoming an administrative burden that slowed our teams down,” said Denise Maurice, Indirect Procurement Director at Kiabi. “We wanted to give our ‘Kiabers’ the freedom to book their own trips without getting bogged down in manual approvals. Navan gives them that simple, consumer-style experience while ensuring Kiabi has the oversight we need to continue to scale internationally.”

Key anticipated benefits from the partnership include:

• One centralized global tool: Providing all employees with one intuitive booking tool and enhanced travel spend visibility for the Kiabi finance team.
• Cost savings: Access to competitive travel inventory through Navan’s European rail, and leading NDC (New Distribution Capability) and low-cost air carrier content.
• Dedicated 24/7 support: Providing Kiabi employees with 24/7 travel support via chat or phone, targeting response times under 60 seconds and a satisfaction score above 90%.

“Modern employees have zero patience for tools that feel like extra work,” said Zahir Abdelouhab, SVP, EMEA at Navan. “Kiabi understands that when you make the process easy for the traveler, the savings and data follow naturally. We’re excited to help them strip away those manual friction points so their teams can stay focused on the business.”

Kiabi joins a growing list of enterprise organizations that have recently switched to Navan, including industry leaders from across France and the retail sector, such as Criteo and Frasers Group.

About Navan

Navan (NASDAQ: NAVN) is the global AI-powered business travel and expense platform that makes travel easy for every traveler. Trusted by more than 10,000 companies, Navan leverages proprietary AI to reduce booking times to minutes, provide 24/7 support in seconds, and deliver 15% median savings. Finance teams get real-time control and visibility on their T&E spend, while suppliers get access to frequent travelers. See how Navan customers benefit at navan.com.

Forward-Looking Statements

All statements in this press release other than statements of historical fact could be deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “will,” or similar expressions. Such statements are subject to risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by the forward-looking statements. These risks and other factors include the risks described under the caption “Risk Factors” in Navan’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on April 2, 2026, as they may be updated by Navan’s subsequent filings with the SEC. Except as required by law, Navan undertakes no obligation, and does not intend, to update these forward-looking statements.

Contacts

Navan Press

press@navan.com

Kiabi Selects Navan to Centralise Global Travel Program




Kiabi Selects Navan to Centralise Global Travel Program

Fashion retailer targets high employee adoption and efficiency with AI-powered travel platform

PALO ALTO, Calif.–(BUSINESS WIRE)–Navan (NASDAQ: NAVN), the global AI-powered business travel and expense platform, today announced it has been selected by Kiabi, the French multinational fashion retailer, to consolidate its global travel with one unified platform.

To support its workforce of nearly 10,000 “Kiabers,” the retailer required a solution capable of providing an easy-to-use travel platform. Navan was selected due to its intuitive AI-powered interface and ability to integrate with Kiabi’s travel policies directly in-app.

“Managing travel was becoming an administrative burden that slowed our teams down,” said Denise Maurice, Indirect Procurement Director at Kiabi. “We wanted to give our ‘Kiabers’ the freedom to book their own trips without getting bogged down in manual approvals. Navan gives them that simple, consumer-style experience while ensuring Kiabi has the oversight we need to continue to scale internationally.”

Key anticipated benefits from the partnership include:

• One centralized global tool: Providing all employees with one intuitive booking tool and enhanced travel spend visibility for the Kiabi finance team.
• Cost savings: Access to competitive travel inventory through Navan’s European rail, and leading NDC (New Distribution Capability) and low-cost air carrier content.
• Dedicated 24/7 support: Providing Kiabi employees with 24/7 travel support via chat or phone, targeting response times under 60 seconds and a satisfaction score above 90%.

“Modern employees have zero patience for tools that feel like extra work,” said Zahir Abdelouhab, SVP, EMEA at Navan. “Kiabi understands that when you make the process easy for the traveler, the savings and data follow naturally. We’re excited to help them strip away those manual friction points so their teams can stay focused on the business.”

Kiabi joins a growing list of enterprise organizations that have recently switched to Navan, including industry leaders from across France and the retail sector, such as Criteo and Frasers Group.

About Navan

Navan (NASDAQ: NAVN) is the global AI-powered business travel and expense platform that makes travel easy for every traveler. Trusted by more than 10,000 companies, Navan leverages proprietary AI to reduce booking times to minutes, provide 24/7 support in seconds, and deliver 15% median savings. Finance teams get real-time control and visibility on their T&E spend, while suppliers get access to frequent travelers. See how Navan customers benefit at navan.com.

Forward-Looking Statements

All statements in this press release other than statements of historical fact could be deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “will,” or similar expressions. Such statements are subject to risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by the forward-looking statements. These risks and other factors include the risks described under the caption “Risk Factors” in Navan’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on April 2, 2026, as they may be updated by Navan’s subsequent filings with the SEC. Except as required by law, Navan undertakes no obligation, and does not intend, to update these forward-looking statements.

Contacts

Navan Press

press@navan.com

Best’s Market Segment Report: AM Best Maintains Stable Outlook on Italy’s Non-Life Insurance Segment




Best’s Market Segment Report: AM Best Maintains Stable Outlook on Italy’s Non-Life Insurance Segment

AMSTERDAM–(BUSINESS WIRE)–#insurance—AM Best has maintained its stable outlook on Italy’s non-life insurance segment and expects gross written premium (GWP) in the segment to continue on a steady growth trend during 2026 across all lines of business, although at a slower pace than in recent years.

In its new Best’s Market Segment Report, “Market Segment Outlook: Italy Non-Life Insurance”, AM Best also states that the additional fiscal burden from the 2026 Budget Law will not place significant pressure on profit margins for non-life insurers, with additional costs likely to be passed on to policyholders.

Andrea Porta, senior financial analyst and one of the authors of the outlook, said, “Motor continues to dominate Italy’s non-life segment, accounting for approximately 40% of total GWP. However, the growth rate in GWP for non-motor lines outgrew motor in 2025, and AM Best expects strong demand for non-motor coverages to continue in 2026.”

To access a complimentary copy of this report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=364724.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Andrea Porta
Senior Financial Analyst
+31 20 808 1700
andrea.porta@ambest.com

Eli Sanchez
Director, Analytics
+31 20 808 3190
eli.sanchez@ambest.com

Edem Kuenyehia
Director, Market Development & Communications
+44 20 7397 0280
edem.kuenyehia@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Best’s Market Segment Report: AM Best Maintains Stable Outlook on Italy’s Non-Life Insurance Segment




Best’s Market Segment Report: AM Best Maintains Stable Outlook on Italy’s Non-Life Insurance Segment

AMSTERDAM–(BUSINESS WIRE)–#insurance—AM Best has maintained its stable outlook on Italy’s non-life insurance segment and expects gross written premium (GWP) in the segment to continue on a steady growth trend during 2026 across all lines of business, although at a slower pace than in recent years.

In its new Best’s Market Segment Report, “Market Segment Outlook: Italy Non-Life Insurance”, AM Best also states that the additional fiscal burden from the 2026 Budget Law will not place significant pressure on profit margins for non-life insurers, with additional costs likely to be passed on to policyholders.

Andrea Porta, senior financial analyst and one of the authors of the outlook, said, “Motor continues to dominate Italy’s non-life segment, accounting for approximately 40% of total GWP. However, the growth rate in GWP for non-motor lines outgrew motor in 2025, and AM Best expects strong demand for non-motor coverages to continue in 2026.”

To access a complimentary copy of this report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=364724.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Andrea Porta
Senior Financial Analyst
+31 20 808 1700
andrea.porta@ambest.com

Eli Sanchez
Director, Analytics
+31 20 808 3190
eli.sanchez@ambest.com

Edem Kuenyehia
Director, Market Development & Communications
+44 20 7397 0280
edem.kuenyehia@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

FIS Selected to Streamline Reconciliations for Australia’s Largest Bank




FIS Selected to Streamline Reconciliations for Australia’s Largest Bank

Key facts:

• Commonwealth Bank of Australia (CommBank) is adopting FIS Data Integrity Manager to consolidate and automate reconciliation across the bank.
• Delivered in a SaaS model, the solution will process over 150 million transactions daily on a single, unified platform, enhancing operational efficiency and scalability.
• FIS is delivering the solution via Microsoft Azure, providing cloud-native scalability and seamless third-party integrations.

JACKSONVILLE, Fla.–(BUSINESS WIRE)–Global financial technology leader FIS® (NYSE: FIS) has been selected by the Commonwealth Bank of Australia (CommBank), the nation’s largest bank, to streamline reconciliations through FIS Data Integrity Manager. In a banking environment, reconciliation ensures financial accuracy by verifying millions of daily transactions across complex systems. The fully-hosted solution will process over 150 million transactions per day.

FIS Data Integrity Manager delivers a modernized platform that supports the automation and management of all reconciliations across the enterprise. The platform uses real-time visibility and insights for more informed decision making, with automated alerts for discrepancies and a unified view across business lines—enabling teams to identify and resolve issues in minutes.

Delivered as Software as a Service (SaaS) via Microsoft Azure, upgrades to the solution will be managed by FIS, to support faster delivery of new capabilities. The platform’s high-performance architecture enables the processing of exceptionally large data volumes in minutes rather than hours.

The engagement also leverages FIS’ enterprise-grade risk, security, and compliance capabilities, including SOC1 and SOC2 certifications¹, while supporting CommBank’s federated software architecture.

Andrés Choussy, President, Capital Markets at FIS, said: “FIS is proud to partner with CommBank to deliver a cutting-edge reconciliation solution that meets the demands of a rapidly evolving financial landscape. By bringing reconciliation onto a single, intelligent platform, we are enabling CommBank to unlock seamless integration and operational efficiency while ensuring the stability, security, and compliance essential to supporting Australia’s largest bank.”

David Pont, General Manager Financial Control & Transformation, Commonwealth Bank, said: “This implementation reflects our focus on investing in technology to continue to strengthen operations to ultimately benefit our customers. With FIS Data Integrity Manager, as a strategic partner we gain a platform that can scale with our business and support our continued growth.”

This strategic partnership highlights FIS’ leadership in financial technology innovation, showcasing its ability to help clients manage money seamlessly as it moves through the global economy.

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 www.fisglobal.com. Follow FIS on Facebook, LinkedIn and X.

¹ SOC1 (System and Organization Controls 1) and SOC2 (System and Organization Controls 2) are independent audit reports that verify a service provider’s internal controls. SOC1 focuses on controls relevant to financial reporting, while SOC2 evaluates controls related to security, availability, processing integrity, confidentiality, and privacy.

Contacts

For More Information
Melanie Hesketh,

Global Head of PR

FIS Global Marketing and Communications

melanie.hesketh@fisglobal.com

FIS Selected to Streamline Reconciliations for Australia’s Largest Bank




FIS Selected to Streamline Reconciliations for Australia’s Largest Bank

Key facts:

• Commonwealth Bank of Australia (CommBank) is adopting FIS Data Integrity Manager to consolidate and automate reconciliation across the bank.
• Delivered in a SaaS model, the solution will process over 150 million transactions daily on a single, unified platform, enhancing operational efficiency and scalability.
• FIS is delivering the solution via Microsoft Azure, providing cloud-native scalability and seamless third-party integrations.

JACKSONVILLE, Fla.–(BUSINESS WIRE)–Global financial technology leader FIS® (NYSE: FIS) has been selected by the Commonwealth Bank of Australia (CommBank), the nation’s largest bank, to streamline reconciliations through FIS Data Integrity Manager. In a banking environment, reconciliation ensures financial accuracy by verifying millions of daily transactions across complex systems. The fully-hosted solution will process over 150 million transactions per day.

FIS Data Integrity Manager delivers a modernized platform that supports the automation and management of all reconciliations across the enterprise. The platform uses real-time visibility and insights for more informed decision making, with automated alerts for discrepancies and a unified view across business lines—enabling teams to identify and resolve issues in minutes.

Delivered as Software as a Service (SaaS) via Microsoft Azure, upgrades to the solution will be managed by FIS, to support faster delivery of new capabilities. The platform’s high-performance architecture enables the processing of exceptionally large data volumes in minutes rather than hours.

The engagement also leverages FIS’ enterprise-grade risk, security, and compliance capabilities, including SOC1 and SOC2 certifications¹, while supporting CommBank’s federated software architecture.

Andrés Choussy, President, Capital Markets at FIS, said: “FIS is proud to partner with CommBank to deliver a cutting-edge reconciliation solution that meets the demands of a rapidly evolving financial landscape. By bringing reconciliation onto a single, intelligent platform, we are enabling CommBank to unlock seamless integration and operational efficiency while ensuring the stability, security, and compliance essential to supporting Australia’s largest bank.”

David Pont, General Manager Financial Control & Transformation, Commonwealth Bank, said: “This implementation reflects our focus on investing in technology to continue to strengthen operations to ultimately benefit our customers. With FIS Data Integrity Manager, as a strategic partner we gain a platform that can scale with our business and support our continued growth.”

This strategic partnership highlights FIS’ leadership in financial technology innovation, showcasing its ability to help clients manage money seamlessly as it moves through the global economy.

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 www.fisglobal.com. Follow FIS on Facebook, LinkedIn and X.

¹ SOC1 (System and Organization Controls 1) and SOC2 (System and Organization Controls 2) are independent audit reports that verify a service provider’s internal controls. SOC1 focuses on controls relevant to financial reporting, while SOC2 evaluates controls related to security, availability, processing integrity, confidentiality, and privacy.

Contacts

For More Information
Melanie Hesketh,

Global Head of PR

FIS Global Marketing and Communications

melanie.hesketh@fisglobal.com