Question · Q3 2025
Tian Xing Wang asked about the recent increase in bank consolidation, inquiring about FIS's visibility into being on the 'right side' of larger deals, when more clarity is expected, and the potential impact on 2026 growth. He also asked about FIS's interest in investing more in digital assets and deposit tokens, or acquiring infrastructure in this space, considering the upcoming credit issuer solutions deal.
Answer
CEO Stephanie Ferris confirmed the pickup in bank consolidation and stated that FIS, serving larger financial institutions, has a very high win rate when a bank being consolidated chooses them, as well as when competing with incumbents. She expressed good visibility for 2026 M&A but acknowledged the unpredictability of future announcements. Regarding digital assets, she highlighted FIS's active involvement in Money in Motion (e.g., Circle partnership with Money Movement Hub) and Money at Work (tokenizing commercial loans). She emphasized FIS's strategy of enablement, providing technology (partner, buy, or build) for financial services clients rather than taking a competitive position by issuing stablecoins or digital assets themselves.