Question ยท Q3 2025
Tian Xin Wang asked about bank consolidation, specifically FIS's visibility into being on the 'right side' of larger deals, the timeline for clarity, and the potential impact on 2026 growth. He also inquired about FIS's interest in investing more in digital assets and deposit tokens, buying infrastructure, or if this is on the roadmap in the near term.
Answer
CEO Stephanie Ferris noted the pickup in bank consolidation and stated that FIS has a very high win rate when an existing client is being consolidated and a good win rate when competing with incumbents. She expressed good visibility for 2026 M&A but acknowledged uncertainty for future announcements. Regarding digital assets, she confirmed active involvement, highlighting a strategic partnership with Circle (Money in Motion) and a pilot for tokenizing commercial loans/securitizations ($500 million on-chain). She emphasized FIS's strategy is 'enablement' โ providing technology (partner, buy, or build) to financial services clients, rather than issuing stablecoins or competing with banks.