Fidelity National Information Services (FIS) UBS’s 2025 Global Technology and AI Conference summary

Segment performance and growth outlook

• Banking segment revenue is outperforming expectations, driven by focus on digital, payments, and lending products with higher recurring margins.

• Recurring revenue in banking is expected to show strong organic growth through 2025 and into 2026.

• Capital markets segment faced a temporary setback from tariffs impacting loan syndication in Q2, but volumes recovered in Q3 and Q4.

• Capital markets revenue growth is expected to return to the 6-7% organic range next year as headwinds subside.

• No impact from recent government shutdowns on banking or capital markets operations.

Core banking and product strategy

• Core banking business is stable due to low switching rates and focus on large banks, benefiting from industry consolidation.

• Growth is driven by expanding ancillary products and services to existing core clients rather than new client wins.

• Three strategic core platforms (Horizon, IBS, MVP) serve different bank sizes and needs, with no migrations required as all clients are already modernized.

• MVP platform targets the largest, most sophisticated banks seeking best-in-class, configurable solutions.

Payments and new opportunities

• Payments growth is a key focus, with strong sales in debit and money movement products.

• TSYS acquisition will add advanced credit card processing capabilities, filling a significant product gap for large financial institutions.

• Integration with TSYS enables bundling of debit, credit, and core services, enhancing competitiveness.

• Partnership with Affirm will bring BNPL capabilities to smaller institutions, with joint development targeting mid-to-late 2026 launch.