Fidelity National Information Services (FIS) investor relations material

Industry environment and growth drivers

• Banking is experiencing a generational growth period driven by deregulation, increased M&A activity, and rapid AI adoption, leading to record investment in technology and franchise expansion.

• Banks are investing heavily in both organic and inorganic growth, with M&A at levels not seen in over a decade.

• AI is seen as a transformative opportunity, with banks eager to leverage it for revenue growth and cost reduction.

• Regulatory and compliance costs remain a major focus, with technology aimed at unlocking savings in these areas.

AI strategy and Anthropic partnership

• The Anthropic partnership targets regulatory-heavy processes like financial crimes, aiming for 70%-90% cost savings with proprietary AI agents.

• The first agent, focused on financial crimes, is set to launch by year-end with BMO and Amalgamated Bank as initial partners.

• FIS owns the IP for these agents, with Anthropic providing engineering support and benefiting from distribution and token consumption.

• The partnership is non-exclusive, allowing both parties to pursue other collaborations.

• Pricing will combine agent fees and negotiated token costs, making it more accessible for smaller banks.

Competitive positioning and product differentiation

• FIS’s acquisition of TSYS solidifies its position as the largest credit card processor, serving over 90% of card-issuing banks globally.

• The platform’s scale and integration across core, debit, credit, and other services create a strong competitive moat, especially against new entrants like Visa’s Pismo.

• 65% of revenue is renewed through 2029, providing stability and long-term visibility.