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FIS CEO Stephanie Ferris Pauses Deals After a $12B Issuing Purchase

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Source: New York Observer

Stephanie Ferris wears a blue suit onstage beside a purple screen announcing FIS’s A.I. partnership with Anthropic." width="970" height="665" data-caption='FIS CEO Stephanie Ferris presents the company’s partnership with Anthropic to develop A.I. agents for financial institutions. With an expanded card-issuing business and new A.I. tools, she is working to win more business from banks and turn recent acquisitions into sustained growth. Courtesy of FIS'> FIS CEO Stephanie Ferris has paused smaller acquisitions while the financial technology firm pays down debt following its purchase of Global Payments’ Issuer Solutions business. The pause complicates an acquisition strategy that one consultant sees as a route to growth. “They will continue making acquisitions as they refine their strategy,” Paul Schaus, founder and managing partner at banking and fintech consultancy CCG Catalyst, tells Observer.

This excerpt comes from the named source. Read the original for the full reporting.

Read the original at New York Observer

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