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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.

< The 2016 Tech 5033Gary Norcross President and Chief Executive OfficerFidelity National Information ServicesPNR

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.”

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 The 2016 Tech 50 Click below to view profiles
1. Catherine
Bessant
Bank of America Corp.2. Jeffrey SprecherIntercontinental Exchange3. Lance UgglaMarkit4. Phupinder GillCME Group5. Shawn Edwards and Vlad KliatchkoBloomberg6. R. Martin ChavezGoldman Sachs Group
7. Robert GoldsteinBlackRock8. Adena FriedmanNasdaq9. Deborah HopkinsCiti Ventures10. Daniel ColemanKCG Holdings11. Stephen NeffFidelity Investments12. David CraigThomson Reuters
13. Michael SpencerICAP14. Michael BodsonDepository Trust & Clearing Corp. 15. Charles LiHong Kong Exchanges and Clearing16. Chris ConcannonBATS Global Markets17. Blythe MastersDigital Asset Holdings18. David RutterR3CEV
19. Neil KatzD.E. Shaw & Co.20. Lee OleskyTradeweb Markets21. Richard McVeyMarketAxess Holdings22. Seth MerrinLiquidnet Holdings23. Robert AlexanderCapital One Financial Corp.24. Brad KatsuyamaIEX Group
25. Antoine ShagouryState Street Corp.26. David GledhillDBS Bank27. Lou EcclestonTMX Group28. Andreas PreussDeutsche BÖrse29. Dan SchulmanPayPal Holdings30. Scott DillonWells Fargo & Co.
31. Mike ChinnS&P Global Market Intelligence32. Craig DonohueOptions Clearing Corp.33. Gary NorcrossFidelity National Information Services34. Steven O'HanlonNumerix35. Sebastián CeriaAxioma36. Michael CooperBT Radianz
37. Tyler KimMaplesFS38. Neal PawarAQR Capital Management39. David HardingWinton Capital Management40. Chris CorradoLondon Stock Exchange Group41. Brian ConlonFirst Derivatives42. Jim MinnickeVestment
43. Stephane DuboisXignite44. Mazy DarOpenFin45. Yasuki OkaiNRI Holdings America46. Kim FournaisSaxo Bank47. Jock PercyPerseus48. Robert SchifelliteBroadridge Financial Solutions
49. Brian SentanceXenomorph Software50. Pieter van der DoesAdyen