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The 2016 Tech 50: Gary Norcross

The Fidelity National Information Services president and CEO debuts on our annual Tech 50 ranking at No. 33.

  • By Peter Vasiliev

33
Gary Norcross
President and Chief Executive Officer
Fidelity National Information Services
PNR

Fidelity National Information Services, known as FIS, is a globe-spanning financial services technology company with $9.3 billion in revenue, more than 20,000 customers and 55,000 employees. The head count rose by 13,000 last November, when FIS bought SunGard Data Systems from its private equity owners for $9.1 billion and gained a significant securities industry and capital markets presence. “We’re excited about doing much of what we’ve done in retail banking and bringing that into capital markets,” says FIS president and CEO Gary Norcross. “I don’t ever see any downside to breadth.” The SunGard deal brought FIS Marianne Brown, a former CEO of ADP Brokerage Services and posttrade servicer Omgeo, to serve as chief operating officer of institutional and wholesale. M&A is nothing new to Jacksonville, Florida–based FIS, whose strong suits historically were in banking, card and payment systems, outsourcing and consulting. The company traces its roots to Systematics, a Little Rock, Arkansas, data processor founded in 1968 and subsequently known as Alltel Information Services. Norcross, who has a BS in business administration from the University of Arkansas, was president of Alltel’s integrated financial solutions division in 2003, when the company was acquired by title insurer and FIS predecessor Fidelity National Financial. He had a hand in other deals, including the 2006 merger with payments company Certegy and the 2009 acquisition of banking systems provider Metavante Technologies. He rose to COO in 2009, added the president title in 2012 and has been CEO since January 2015. FIS pioneered remote deposit capture — allowing images of checks to be transmitted from hand-held devices — “ten years too early,” Norcross, who turns 51 in July, quips. Current projects include real-time payments — FIS is working with New York’s Clearing House Payments Co. on a pilot scheduled for first-quarter 2017 — and cardless (smartphone-enabled) ATM transactions. Noting that the payments space is crowded with fintech start-ups, Norcross says, “A percentage of these will be successful, and many others will go the way of the dodo bird.”

Visit The 2016 Tech 50: Making Financial Services Faster, Cheaper, Bigger for more.


The 2016 Tech 50

1. Catherine
Bessant
Bank of America Corp.
2. Jeffrey Sprecher
Intercontinental Exchange
3. Lance Uggla
Markit
4. Phupinder Gill
CME Group
5. Shawn Edwards and Vlad Kliatchko
Bloomberg
6. R. Martin Chavez
Goldman Sachs Group
7. Robert Goldstein
BlackRock
8. Adena Friedman
Nasdaq
9. Deborah Hopkins
Citi Ventures
10. Daniel Coleman
KCG Holdings
11. Stephen Neff
Fidelity Investments
12. David Craig
Thomson Reuters
13. Michael Spencer
ICAP
14. Michael Bodson
Depository Trust & Clearing Corp.
15. Charles Li
Hong Kong Exchanges and Clearing
16. Chris Concannon
BATS Global Markets
17. Blythe Masters
Digital Asset Holdings
18. David Rutter
R3CEV
19. Neil Katz
D.E. Shaw & Co.
20. Lee Olesky
Tradeweb Markets
21. Richard McVey
MarketAxess Holdings
22. Seth Merrin
Liquidnet Holdings
23. Robert Alexander
Capital One Financial Corp.
24. Brad Katsuyama
IEX Group
25. Antoine Shagoury
State Street Corp.
26. David Gledhill
DBS Bank
27. Lou Eccleston
TMX Group
28. Andreas Preuss
Deutsche BÖrse
29. Dan Schulman
PayPal Holdings
30. Scott Dillon
Wells Fargo & Co.
31. Mike Chinn
S&P Global Market Intelligence
32. Craig Donohue
Options Clearing Corp.
33. Gary Norcross
Fidelity National Information Services
34. Steven O'Hanlon
Numerix
35. Sebastián Ceria
Axioma
36. Michael Cooper
BT Radianz
37. Tyler Kim
MaplesFS
38. Neal Pawar
AQR Capital Management
39. David Harding
Winton Capital Management
40. Chris Corrado
London Stock Exchange Group
41. Brian Conlon
First Derivatives
42. Jim Minnick
eVestment
43. Stephane Dubois
Xignite
44. Mazy Dar
OpenFin
45. Yasuki Okai
NRI Holdings America
46. Kim Fournais
Saxo Bank
47. Jock Percy
Perseus
48. Robert Schifellite
Broadridge Financial Solutions
49. Brian Sentance
Xenomorph Software
50. Pieter van der Does
Adyen

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