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 commercial excellence, digital, payments, and lending, with recurring revenue growth expected to strengthen through 2025 and 2026.

• Capital markets segment faced a temporary setback in loan syndication due to tariffs in Q2, but volumes recovered in Q3 and Q4, with no further impact expected.

• Core banking business benefits from serving larger banks, with growth driven more by cross-selling ancillary products than by new client wins.

• Three strategic core platforms—Horizon, IBS, and MVP—are tailored to different bank sizes and needs, with no migrations required as modernization occurs in place.

• Payments growth is a key focus, with strong sales in debit and money movement; TSYS acquisition will add credit card processing for large institutions, filling a significant product gap.

Strategic initiatives and partnerships

• Partnership with Affirm aims to bring BNPL capabilities to smaller financial institutions, with joint development ongoing and launch targeted for mid to late 2026.

• Loyalty and prepaid offerings, such as Smart Basket, are being integrated with credit and debit products to expand the product suite.

Financial guidance and margin expansion

• Confident in exceeding 60 basis points margin expansion in 2025, driven by improved revenue mix and cost programs, with recurring revenue contracts already sold providing visibility.

• Margin headwinds from M&A in 2024 will not recur in 2025, and both banking and capital markets segments are expected to grow margins.