FIS Wins Integrity Viking Funds Deal, Launches Insurance Risk Suite AI Assistant
Integrity Viking Funds adopted FIS’s cloud-based Investment Accounting Manager to automate tasks, gain real-time data and reduce manual effort across fixed-income and alternative assets. On February 23, FIS launched its Insurance Risk Suite AI Assistant, a generative AI tool offering 24/7 guidance on risk models, climate-driven volatility and cyber threats.
1. Integrity Viking Funds Chooses FIS Platform
Integrity Viking Funds, which manages fixed-income and alternative assets, selected FIS’s cloud-based Investment Accounting Manager to replace its older systems, aiming to automate reconciliations, access real-time data and reduce manual workflows.
2. Subscription Revenue Growth and Competitive Position
This contract win demonstrates FIS’s ability to attract smaller funds with enterprise-grade solutions and supports its shift toward subscription-based revenue, enhancing predictability and competitive positioning in investment accounting services.
3. Launch of Insurance Risk Suite AI Assistant
On February 23, FIS introduced its Insurance Risk Suite AI Assistant, a generative AI tool embedded in its insurance risk platform that delivers instant, 24/7 guidance in multiple languages on building and maintaining risk models, climate-driven volatility and cyber threats.
4. Future Enhancements and Market Impact
FIS plans to add code generation, automated documentation and detailed calculation explanations to the AI assistant, aiming to streamline actuaries’ workflows, drive adoption in the insurance market and increase recurring fees within its risk management suite.