Nov 4 (Reuters) - Payments technology firm FIS

posted a 37% rise in its third-quarter profit on Monday, driven

by increased demand at the banking and payments processing unit

and for its capital market solutions.

A shift toward digital and online banking services has

significantly increased demand for FIS' banking and payment

processing solutions.

Small and mid-sized banks, in particular, require these

services to stay competitive as customers expect robust digital

banking facilities and payment flexibility.

For FIS, revenue at its banking solutions segment, which

enables online transactions for banks and other financial

institutions, rose 3% to $1.78 billion in the third quarter.

Expectations of a soft-landing for the U.S. economy and

hopes of a policy easing by the Federal Reserve have also

allowed clients to keep up their investment activities, buoying

the company's capital market solutions unit.

Capital market solutions revenue was $730 million, up 8%

over the year earlier.

FIS posted an adjusted profit of $765 million, or $1.40 per

share, for the three months ended Sept. 30, compared with $557

million, or 94 cents per share, a year ago.

The company raised its adjusted profit forecast for 2024 to

$5.15 to $5.20 per share, from the $5.03 to $5.11 per share

expected earlier.

It also raised the low-end of its full-year revenue forecast

to $10.14 billion from $10.12 billion, while keeping the upper

end unchanged at $10.17 billion.