The Financial Transaction Services industry benefits from digital adoption, strong consumer spending and M&A strategies. Companies like FI, FIS, GPN, WEX and WU are well-positioned to thrive amid these favorable trends.
FIS has renewed its focus on its core legacy Banking and Capital Markets operations, selling a controlling stake in Worldpay to a private equity buyer. Both Banking Solutions and Capital Markets generate high-margin recurring revenues from sticky customer relationships, and FIS holds strong share among outsourced services to larger banks. With banks looking to leverage growth opportunities in payments, capital markets, and asset management, FIS can grow its Banking Solutions business further, as many banks can't afford a go-it-alone strategy.
Fidelity National (FIS) benefits from recurring revenue growth, cross-sale, margin expansion, and investing in high-growth opportunities.
Fidelity National (FIS) reported earnings 30 days ago. What's next for the stock?
Fidelity (FIS) launches Digital One Flex Mobile 6.0, enhancing its offerings for financial institutions.