FIS boosts banking growth with payments and issuing despite lowering Capital Markets outlook

FIS reported strong growth in its Banking Solutions segment, driven by payments and issuing services, despite lowering its full-year revenue forecast due to challenges in its Capital Markets business. The company highlighted successful client renewals, new wins, and cross-selling following its Total Issuing Solutions acquisition, with payments becoming its largest business. Management emphasized ongoing demand for payment modernization, fraud prevention, and data management technologies, and noted AI integration is improving operations and cybersecurity. While Capital Markets faced execution delays, FIS expects improvement as projects progress.