FIS acquires risk, fraud and compliance firms ICS Risk Advisors and Memento

Fraud solutions that drive value

Through the new acquisitions FIS aims to deliver a comprehensive suite of governance, risk and compliance services with integrated fraud solutions that drive value (view press release). ICS Risk Advisors provides risk management and regulatory compliance programmes for financial institutions whilst Memento delivers fraud solutions to financial institutions, banks and credit unions.

The acquisitions further enable us to position FIS as a single, trusted partner for all of a financial institution’s risk, fraud and compliance needs,” said FIS Channel Solutions executive vice president Kay Nichols.

Terms of the deal were not disclosed. 

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