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Event File FINTECH Digital Payments

FIS Deepens Banking Push as Issuing Gains Traction

1 reports · First detected 2026-08-05 · Last active 2026-08-05

Fidelity National Information Services, or FIS, is repositioning around bank technology after reducing its exposure to merchant acquiring. On Jan. 9, 2026, it completed the purchase of Global Payments’ Issuer Solutions business, formerly TSYS, at a $13.5 billion enterprise value while selling its remaining 45% stake in Worldpay. The transaction adds large-scale credit-card processing, fraud and loyalty capabilities to FIS’s debit, core-banking and payments stack, broadening its offering to major financial institutions.

On Aug. 4, FIS said second-quarter revenue rose 29% to $3.38 billion, while Banking Solutions revenue jumped 44% to $2.48 billion and grew 6.1% on a pro forma basis. Management said the issuing strategy was gaining traction with large financial institutions and bank spending on payments and modernization remained firm. Still, FIS cut its 2026 pro forma revenue-growth outlook to 4.5%-5.0% from 5.1%-5.7%, citing a softer Capital Market Solutions view; the shares fell about 9% that day.

All Coverage

1 original reports
PYMNTS.COM 2026-08-04
FIS Deepens Its Banking Push With Payments and Issuing

The Backstory

The history behind this event
FIS Weighs $2 Billion Sale of Capital Markets Assets2026-08-11 · 2 reports · similarity 0.80

Fidelity National Information Services, or FIS, supplies core banking, payments and capital-markets software to financial institutions. Its capital-markets reach expanded with the $9.1 billion acquisition of SunGard in 2015, adding trading, treasury and risk-management systems. After FIS bought Worldpay for about $35 billion in 2019, investors increasingly focused on whether the enlarged group could simplify its portfolio and improve returns. A disposal of slower-growing platforms could advance that strategy while freeing capital for buybacks, debt reduction or higher-growth products.

On Nov. 24, 2021, people familiar with the matter said technology-focused private equity firm Symphony Technology Group was in talks to buy parts of FIS’s capital-markets business in a transaction valued at about $2 billion. The assets under discussion included treasury-management, alternative-trading and algorithm-based trading platforms. A deal could be announced as soon as the following week, one person said. No final decision had been made, and FIS could still abandon the sale; representatives for both companies did not immediately comment.

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