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AUTHOR
DATE
SUBJECT
13
member
2/13/23 1:15PM
Re: Re: Re: Re: Re: another cut
12
I don't own FIS and only follow it high level. The ancient technology argument has been around for decades. I heard it for First Data going back +20 years, and they haven't blown up yet... login to read the rest
I mean Adyen has a much cleaner tech stack and better integration capabilities with the new rails worldwide. Adyen is heading towards a 15bps take rate (effectively gross profit given how they report). What is
You can't paint the legacy acquirers with a broad brush. I've read expert calls concluding that the newer entrants will see slower growth. I've also had startups say "we're taking a ton of clients from... login to read the rest
not sure why anyone would want to own GPN or FIS (worldpay). If you read expert calls at all Adyen, Stripe and checkout.com are destroying them. Ultimately its a commodity product and take rates are... login to read the rest
Something just doesn't smell right. This is just speculation on my part, but Credit Suisse has had the thesis that the legacy players will start showing slowing growth as the newer entrants (Adyen, Stripe, Square,... login to read the rest
Re: Competitive landscape in legacy FIS banking solutions segment
5
As a quick response (still have some earnings going on, sorry!) I would tell you that the market structure on the legacy banking solution side is concentrated at the top with FIS/FISV with remainder being fragemented with... login to read the rest
Competitive landscape in legacy FIS banking solutions segment
What does it look like, i.e. what's the market structure & who are the key competitors? Do you have a sense if FIS is taking/holding/losing share?
Thanks in advance.
Great question. Somewhat tough to say with any form of certainty when it's likely this happens in over a year at least, and I don't pretend to know what the world looks like then, but I... login to read the rest
Hey VG93, thanks for the question. I have a few cases in the model and this is definitely the bull case. If you assume they hit their historical 150ish% of targeted synergies, the extra 50 points... login to read the rest
Hi Loomis&Lee - thanks for the writeup. We agree that FIS is an attractive/steady LT investment. Your topline modeling seems reasonable but your modeling on margins seemed like it might be a little aggressive to... login to read the rest
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