Bank Vendors Hurt by Interest Rates and Slow Upgrades

DH Corp., Fiserv Inc., Fidelity National Information Services Inc. and other vendors have seen a drop in spending by banking clients, citing slow technology upgrades and delays in interest rate rises; banks have also begun to outsource the technology these firms provide or they have let the current contracts linger as they search for the best long term solution; vendors are beginning to build solutions for digital banking needs in hopes of keeping up with technology trends, but bank partnerships with fintech firms are causing an uncertain outlook ahead for these leading vendors.  Source