This week, FIS (NYSE: FIS) released new research looking at how institutional investors, fund managers and capital markets executives, on both the buy-side and sell-side, are responding to the challenges of COVID-19.
FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index.
It is the world’s largest fintech (IDC fintech rankings ’19) and processes over $75 billion of transactions.
Its findings, in these difficult times go to the heart of the problems many companies are now facing and give insight into current developments in the investment world, with a specific focus on their technology exploits.
Just to make point of the problems facing global markets, this week the UK’s GDP figures came out confirming they were in a recession. The 21.7% slump is the worst ever compared to the same period last year and dwarfs Germany’s decline of -10.8% also for the same period. Spain’s figure of -18.5% was also high. The UK picked up 8.7% as lockdown ended, however these figures illustrate the road to recovery is a fair way off. Market reaction to the news was muted, but it does illustrate the issues investors and fund managers face as they deal with economic volatility.
With that in mind, here are the highlights of the FIS survey: