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Stock impact report

Bambu Taps Next-Generation FIS Platform to Bring Mobile-Only Banking Services to Unbanked Consumers

Fidelity National Information Services, Inc. (FIS) 
Last fidelity national information services, inc. earnings: 2/13 07:00 am Check Earnings Report
US:NYSE Investor Relations: investor.fisglobal.com
Company Research Source: Business Wire
Key factsNeobank startup Bambu chooses FIS’ next-generation core banking platform to launch mobile-only solution for the unbanked and underbanked in the U.S.FIS Modern Banking Platform’s cloud-native, modular architecture positions Bambu to bring new products to market quickly while supporting future growth. JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS™ (NYSE: FIS), a global leader in financial services technology, announced today that fintech startup Bambu has selected FIS’ next-generation Modern Banking Platform to power a new digital banking solution for U.S. unbanked and underbanked.Memphis-based neobank Bambu has created a financial mobile banking application to provide convenient and reliable services to underbanked Hispanic and other populations in the U.S. who lack access to bank accounts or other traditional financial services. According to the FDIC1, more than 25% of U.S. households (27.1 million) are either unbanked or underbanked. Bambu’s mobile solution offers FDIC-insured Show less Read more
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