Here's the rationale for FiSV: First, this company has historically held a monopoly in the financial industry. Almost every bank uses its core back-end systems. Banks generally don't have particularly advanced development technologies and have little incentive to switch. This is one key advantage.
Second, merchants use FiSV for their Clover and POS systems. This means FiSV has a monopoly on the consumer side. Think of it as an overseas version of Meituan.
Why the sharp drop?
Because the previous leadership team (whose CEO, also from a finance background and with a prominent reputation), in pursuit of impressive financial figures, constantly exploited and squeezed employees. They even installed software to monitor employees, and failure to meet certain criteria resulted in layoffs. To avoid being laid off, some employees even took their laptops to the bathroom. There were also numerous other issues, such as executives using private jets.
The new leadership team is very strong, beyond imagination. They also have former Stirpe executives, and their overall character is relatively reliable.
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