FIS extended its core banking partnership with Barclays US Consumer Bank for an unspecified multi‑year period, deploying the Profile service—a cloud‑ready core banking platform that manages deposits, accounts and balances while delivering real‑time, multi‑currency processing.
The extension follows a decade of collaboration in which Barclays has grown its online deposits business, now holding more than $25 billion on deposit, and aims to modernize its digital platforms to support future retail deposits growth.
For FIS, the deal reinforces its position as a leading financial‑technology provider and secures recurring revenue. In its most recent quarter, FIS reported earnings per share of $1.68 versus analysts’ estimate of $1.69, and revenue of $2.81 billion, up 8.2% year‑over‑year. Full‑year 2025 adjusted earnings per share were $5.75 and revenue was $10.7 billion. Management guided for 2026 adjusted revenue growth of 30‑31% and adjusted earnings per share growth of 8‑10%.
James Capolongo, Head of Banking at Barclays, said, "As we expand our deposits business and bring new products to market, we have invested in digital capabilities and are simplifying our processes to create a better customer experience. With over $25 billion on deposit, we require a core platform that can scale with us to best serve our customers as the leading digital banking partner in the US." Andrew Beatty, Head of Global Banking Cores at FIS, added, "As Barclays positions itself for its next phase of growth, we are helping the bank unlock quick, measurable value throughout its modernization program. From faster product innovation to smarter, AI‑powered insights and reducing risk along the way, FIS and Barclays are stepping boldly into the future."
The multi‑year extension, while not specifying an exact duration, signals confidence from a major U.S. bank and provides a stable revenue stream for FIS while giving Barclays a scalable platform to capture growth in the U.S. consumer banking market.
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