FIS 2024 - Competitor Profile

FIS 2024 - Competitor Profile

Summary

Fidelity National Information Services (FIS) is one of the leading payment and transactional service providers globally, offering end-to-end solutions that cover the entire payment value chain. It offers omni-channel solutions for merchants, banks, acquirers, payment services providers, businesses, and governments.

It has made several acquisitions of complementary businesses, which has helped the company stay competitive in the market. In October 2014, FIS acquired Clear2Pay, a provider of banking and payments technology solutions, enabling FIS to expand its portfolio with new corporate payment solutions and services. In July 2019, it acquired Worldpay for a consideration of $43 billion – one of the biggest-ever deals in the payments space. As a result of this acquisition, FIS significantly expanded its international presence to offer merchant acquiring services outside of the US, including in the UK and the EU. In February 2023, FIS announced a spin-off of Worldpay Merchant Solutions into a separate company, thereby focusing on its core business areas. In January 2024, FIS sold a 55% stake in Worldpay Merchant Solutions to private equity firm GTCR for a valuation of $18.5 billion. FIS retains a 45% stake in the business.

FIS operates through the business segments Banking Services and Capital Market Solutions, offering core banking, digital solutions, wealth and asset management solutions, and retirement and insurance solutions. Following the spin-off, the merchant services are now offered separately by Worldpay, in which the company now holds a minority stake.

The report provides information and insights into FIS including -

• Detailed insight into its business
• Comprehensive coverage of its products and services
• Comparative assessment with key alternative payment solutions
• Information on its Performance Highlights
• The company's important events and milestones

Scope

1) In 1968, Founded as Systematics Inc.
2) In February 2016, FIS partnered with PayPal, enabling customers to withdraw cash at more than 2,000 cardless cash ATMs in the US.
3) In March 2020, FIS launched 3DS Flex, an authentication solution enabling merchants to detect fraud via biometrics.
4) In May 2021, FIS launched a new banking solution in collaboration with NYDIG, a crypto asset management and digital custody company, to enable banks to offer their customers the ability to buy, sell, and hold Bitcoin using their bank account via their mobile banking app.
5) In January 2024, FIS sold majority of its stake (55%) in Worldpay Merchant Solutions business to a private equity firm GTCR for a valuation of $18.5 Billion. FIS maintains a meaningful minority ownership position in Worldpay.

Reasons to Buy

• Gain insights into FIS business operations and key events.
• Gain insights into its product portfolio and performance highlights.
• Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.