FIS · 10-Q · 2026Q3 · Full report

Banking Consolidation Customer Dynamics

Fidelity National Information Services, Inc. · 2026-11-04 · Importance 13 · Surprise 6

FIS expects continued consolidation among financial institutions, which generally increases competition among financial technology providers. When merger partners use competing providers, the combined institution typically selects a single core and payments platform, creating an opportunity for FIS if its solutions are retained and expanded. FIS also identifies potential revenue losses if its systems are not selected, and notes that larger banks may have greater negotiating leverage or bring services in-house. The company seeks to mitigate these risks by offering other solutions to the surviving institution.

Key facts

• FIS expects continued banking-industry consolidation, primarily through mergers and acquisitions, which generally increases competition among financial technology providers. source
• When banking clients consolidate, FIS may gain revenue if its solutions are retained and expanded, or lose revenue if they are not selected for the combined entity. source
• FIS says larger institutions formed through consolidation may have greater negotiating leverage or bring services in-house. source