FIS Cuts Banking Growth Outlook Amid Project Delays
By PYMNTS
AI summary of the source article
Fidelity National Information Services (FIS) has cut its 2026 pro forma Banking Solutions revenue growth forecast to 3.5-4% from 5-5.5%. The reduction stems from large clients shifting conversion dates and bank consolidation impacting revenue timing.
Key facts
- FIS reduced its 2026 pro forma Banking Solutions revenue growth forecast to 3.5-4% from 5-5.5%
- Large clients delayed conversion dates for implementing technology
- Bank consolidation impacted the timing of revenue for FIS
Source excerpt · PYMNTS
Banks are still buying technology from Fidelity National Information Services (FIS), but some of its largest customers are making the company wait longer to put it to work. FIS cut its 2026 pro forma Banking Solutions revenue growth forecast to 3.5-4% from 5-5.5%. Large clients moved conversion dates, bank consolidation affected the timing of revenue, […] The post FIS Cuts Banking Growth Outlook A…