FIS leans into big bank strategy

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FIS is re-emphasizing its strategy of focusing on large bank clients, particularly those with over $10 billion in assets, after a period where it diversified into smaller clients and merchant services. CEO Stephanie Ferris and CFO James Kehoe affirmed this renewed focus, highlighting cross-selling opportunities and the growing importance of their payments business following recent acquisitions. The company also sees artificial intelligence as a significant accelerant for its services, especially for mid-sized financial institutions looking to enhance back-office efficiency.

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