Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

New Features Introduced by Fintech Startups at GFF 2025

October 9, 2025

Revamping the Customer Challenge Title

October 9, 2025

Niro, a fintech startup supported by Elevar Equity and GMO Venture Partners, shuts down after attaining $100 million in assets under management, citing regulatory challenges and restricted funding.

October 9, 2025

Advancements in AI Technology for Financial Services | SAP Connect

October 9, 2025
Facebook X (Twitter) Instagram
Trending
  • New Features Introduced by Fintech Startups at GFF 2025
  • Revamping the Customer Challenge Title
  • Niro, a fintech startup supported by Elevar Equity and GMO Venture Partners, shuts down after attaining $100 million in assets under management, citing regulatory challenges and restricted funding.
  • Advancements in AI Technology for Financial Services | SAP Connect
  • Artem Borodatyuk invests $1 million in a fintech startup.
  • The gradual yet permanent impact of AI on the finance sector
  • Vietnam Fintech Market Overview: Trends, Growth Potential, and Future Directions
  • Seven startups that showcase the European fintech disruption with Kinled – TFN.
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    What $9.6T Daily FX Trading Means for Fintech Startups

    October 1, 2025

    How Finjobsly is Helping Candidates Connect With Fintech Firms

    September 29, 2025

    AI-powered fintech job platform Finjobsly.com Launches

    September 16, 2025

    FCCPC recoups 10 billion naira for harmed customers after grievances against banks and fintech companies

    September 11, 2025

    Hyderabad Fintech Viyona secures NPCI approval to function as a third-party application provider.

    September 11, 2025
  • AI

    Revamping the Customer Challenge Title

    October 9, 2025

    Advancements in AI Technology for Financial Services | SAP Connect

    October 9, 2025

    The gradual yet permanent impact of AI on the finance sector

    October 8, 2025

    Majority of UK finance experts believe AI will shape the future of cross-border banking.

    October 8, 2025

    Global Finance announces inaugural AI in Finance awards and names regional and global winners for 2025 in collaboration with CGI.

    October 8, 2025
  • Acquisitions

    Amazon concludes its acquisition of the Indian lender Axio, expanding its fintech efforts.

    September 11, 2025

    The incident involving the Kaustubh Kulkarni movement in Moomoo

    September 3, 2025

    Overview of Acquisitions for US Fintech Companies from the Clifford Chance Guide

    September 2, 2025

    Dentons guides PEAC Solutions in acquiring Fintech Topi

    August 29, 2025

    Truckstop.com purchases the denim division of the transport finish company

    August 24, 2025
  • Trends

    Vietnam Fintech Market Overview: Trends, Growth Potential, and Future Directions

    October 8, 2025

    Industry size projected to reach 550.9 billion USD

    October 3, 2025

    Germany’s Fintech Market Expected to Reach 29.25 Billion USD by 2030

    October 3, 2025

    Expansion of the Blockchain and Fintech Sectors in Tokenization

    September 30, 2025

    Expansion and Investment Prospects in the GCC Fintech Sector

    September 25, 2025
  • Insights

    Finance Minister Sitharaman inaugurates foreign currency settlement system in Gift City.

    October 7, 2025

    What $9.6T Daily FX Trading Means for Fintech Startups

    October 1, 2025

    Exploring the Boundaries of Technology: Advantages of the Fintech Sector

    September 30, 2025

    Examining the recent evaluation of Up Fintech following new analyst coverage that emphasizes its growth prospects.

    September 24, 2025

    Riyadh Establishes a New Benchmark with Record 20/20 Middle East Funds, Enhancing Saudi Arabia’s Influence

    September 21, 2025
  • Rumors

    American regulators dismiss rumors of a dry CFTC merger, aiming to eliminate fear, uncertainty, and doubt in the cryptocurrency space.

    October 5, 2025

    Insights on OKX Communication Strategies for the Future of BTC Futures

    October 3, 2025

    Has the Texas Senate authorized the XRP reserve bill for purchasing $100 million in XRP annually?

    October 1, 2025

    Bitcoin and Ethereum dominate the market surge

    September 23, 2025

    Dogecoin price aims for $0.30 as the launch of Doje ETF boosts market optimism.

    September 18, 2025
  • Startups

    New Features Introduced by Fintech Startups at GFF 2025

    October 9, 2025

    Niro, a fintech startup supported by Elevar Equity and GMO Venture Partners, shuts down after attaining $100 million in assets under management, citing regulatory challenges and restricted funding.

    October 9, 2025

    Artem Borodatyuk invests $1 million in a fintech startup.

    October 8, 2025

    Seven startups that showcase the European fintech disruption with Kinled – TFN.

    October 8, 2025

    Fintech startup Niro shuts down operations

    October 8, 2025
  • finjobsly
fintechbits
Home » The most powerful woman in fintech is on the hunt for acquisitions
Market Rumors

The most powerful woman in fintech is on the hunt for acquisitions

5 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Stephanie Nyse Outside.jpg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Just months after closing one of the biggest deals of her career, Stephanie Ferris, CEO of Fidelity National Information Serviceshas a message for everyone: FIS is not over. Ferris and the company she runs are looking to get back into buying.

In February, the FIS closed the sale from a majority stake in WorldPay to GTCR, a Chicago buyout firm. The transaction helped FIS reduce its total debt, which had reached approximately $19.1 billion at the end of 2023, to around $10 billion once the sale is finalized. As of March 31, FIS’s debt stood at $11.2 billion, while its leverage ratio was around 2.7 times, a spokesperson said.

Deleveraging means FIS is reestablishing its mergers and acquisitions program, Ferris said. The Jacksonville company provides fintech software to merchants, banks and financial markets companies. FIS allocates about $1 billion annually to deals and will target small, synergistic products that the company does not currently have or does not have sufficient time to develop organically, she said. Its purchase last year of Bond Financial Technologies, a banking-as-a-service startup, was an acquisition — something FIS isn’t looking to replicate this time around. “We’re really looking for products or companies that have revenue, EBITDA and a proven business model,” Ferris said.

All acquisitions will be in areas where FIS is looking to grow, such as digital and payments capabilities in the banking sector, and commercial lending technology in the capital markets sector, it said. FIS will not seek to complete one large transaction but several smaller transactions. For a company to attract the interest of the FIS, it must have a turnover of at least 150 to 200 million dollars, otherwise it is “really not a company but just a product and it does not have not enough customers for us,” Ferris said.

Ferris spoke to Fortune last week after capping a triumphant investor day. FIS March 6 reported first quarter results above expectations. These results mark the fifth quarter of Ferris’ tenure where FIS has met or exceeded earnings expectations. The FIS also announced the launch from Atelio, which allows financial institutions, businesses and software developers to integrate financial services into their offerings. Atelio already has three clients: KeyBank, College Ave and RoyalPay. (Atelio includes Bond executives, including Bond co-founder and CEO Roy Ng, who is executive vice president and chief commercial officer of FIS Platform and Enterprise Solutions.)

“The first 18 months have been very busy, both internally and externally at FIS. I’m really happy with where we are,” Ferris said.

Ferris’s start as CEO of FIS was not easy. He was given the reins of a large publicly traded fintech that was in trouble. FIS’s heavy debt load meant the company could only make one acquisition, worth around $800 million. purchase of Payrix in 2021, from 2019 to 2022.

In February 2023, just months after Ferris became CEO, FIS announced plans to spin-off WorldPay. It began a sales process in April and signed a buyer for WorldPay in July, she said. The WorldPay process has generated a lot of interest, particularly among private equity firms, with Advent International rumored to be in the running. Ferris declined to comment. “We acted quickly. Deals die if they take time,” she said.

The decision to sell the majority of WorldPay meant Ferris was canceling one of the biggest payments deals of 2019. There were several that year. Fiserv acquired First Data for $22 billion, while Global Payments picked up TSYS for $21.5 billion and Worldline bought Ingenico for 7.8 billion euros.

FIS’ purchase of WorldPay “was a bad decision,” said Dan Dolev, senior fintech equity research analyst at Mizuho Securities USA. FIS purchased WorldPay at a crucial time of consolidation for processors. WorldPay didn’t have a branded point-of-sale terminal for small businesses, like Fiserv with Clover or Square with Square POS, Dolev said. All of WorldPay’s competitors had a branded outlet, making it difficult to compete, Dolev said.

“(Ferris) was very courageous to cancel the merger,” Dolev said. FIS shares also rebounded after falling to a 52-week low of $47.16 in October. The stock ended Tuesday at $76.39, up about 62%.

What is FIS?

FIS is one of the world’s largest financial services companies. Its software powers many of the largest private equity firms and 95% of Forbes 2024 Best Bank in the World list, Ferris said. FIS technology “underpins the entire financial services industry,” she said.

The FIS is so important that in March 2023, when several regional banks, including Silicon Valley Bank And Bank of signaturescollapsed, many CEOs of large and small banks contacted Ferris to make sure their systems were running smoothly, she said. Such responsibility is an honor and privilege that Ferris says she takes seriously: “I am a FIS delegate…I make sure we are there every day for our clients. »

Ferris, who has spent her entire career in finance, including as CFO of WorldPay, doesn’t think there will be a banking crisis in 2023. The financial system is very strong, according to Ferris.

“In fact, we’ve seen more account openings across the banking system. There have been more deposit accounts opened, contrary to the idea that people were withdrawing their money, running away and putting it out of their banks,” she said.

Ferris has spent his entire career in finance and has worn many hats. She has been the CFO, COO, President and now CEO of one of the largest fintechs. That makes her the most powerful woman in fintech, an honor Ferris said she wasn’t thinking about. “There was always a group of guys in a room. Because I grew up that way, it doesn’t really bother me,” she said.

When it comes to his peers, Ferris cites Jane Fraser, CEO of Citi Groupwho, according to her, is “a badass”. As the only woman running one of the largest banks, Fraser has a tough job, Ferris said. “I think she’s amazing,” she said.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

American regulators dismiss rumors of a dry CFTC merger, aiming to eliminate fear, uncertainty, and doubt in the cryptocurrency space.

October 5, 2025

Insights on OKX Communication Strategies for the Future of BTC Futures

October 3, 2025

Has the Texas Senate authorized the XRP reserve bill for purchasing $100 million in XRP annually?

October 1, 2025
Leave A Reply Cancel Reply

Latest news

New Features Introduced by Fintech Startups at GFF 2025

October 9, 2025

Revamping the Customer Challenge Title

October 9, 2025

Niro, a fintech startup supported by Elevar Equity and GMO Venture Partners, shuts down after attaining $100 million in assets under management, citing regulatory challenges and restricted funding.

October 9, 2025
News
  • AI in Finance (1,705)
  • Breaking News (171)
  • Corporate Acquisitions (71)
  • Industry Trends (207)
  • Jobs Market News (309)
  • Market Insights (216)
  • Market Rumors (279)
  • Regulatory Updates (173)
  • Startup News (1,110)
  • Technology Innovations (179)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,705)
  • Breaking News (171)
  • Corporate Acquisitions (71)
  • Industry Trends (207)
  • Jobs Market News (309)
  • Market Insights (216)
  • Market Rumors (279)
  • Regulatory Updates (173)
  • Startup News (1,110)
  • Technology Innovations (179)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.