FIS (FIS), one of the largest fintech providers worldwide, announced Thursday a new board member: Les Muma, the former founder and chief executive of Fiserv (FISV).

"Les' deep expertise as a thought leader and chief executive in the financial services industry for more than four decades will bring significant value to FIS and our board of directors," said Frank Martire, FIS chairman and chief executive, in a press release. "Having worked with Les in the past, I know what a brilliant mind he has for our industry and for our clients and I am confident he will add tremendous value to our board."

Muma became chief executive of Fiserv in 1999 and grew the multi-million-dollar private company into a multi-billion-dollar publically traded company prior to his June 2006 retirement.

He also serves on the board of Gold Shield Foundation and as a director of MGIC Investment Corp. Muma is also a member of the University of South Florida Foundation Board, co-chairing its Capital Campaign.

FIS counts more than 14,000 institutions in more than 100 countries.