FIS Secures Core Banking Wins Across New $100B Bank and Five Charters
Event summary
- FIS signed five de novo banks in H1 2026, including Mercury, which received conditional OCC approval and FDIC insurance.
- FIS won the core banking relationship for a newly created $100B+ asset institution.
- Two top 15 U.S. banks completed proofs of value for FIS' enterprise platform strategy.
- FIS expanded relationships beyond core banking with wins in commercial digital banking and account origination.
The big picture
FIS is capitalizing on three major banking industry trends: a resurgence in new bank launches, accelerating consolidation, and growing demand for modernization. The company's wins reflect its ability to serve both new entrants and large incumbents, positioning it as a key player in the infrastructure decision cycle reshaping the banking sector. The $100B+ asset win highlights FIS' competitive advantage in supporting large-scale integrations.
What we're watching
- Consolidation Momentum
- Whether FIS can sustain its win rate among consolidating banks as M&A activity continues.
- Modernization Adoption
- The pace at which large banks adopt FIS' progressive modernization approach.
- De Novo Bank Pipeline
- How FIS' ability to attract new charters will affect its long-term market position.