Fintech
Fintech Nexus Newsletter (7 May 2024): FIS launches the new integrated finance platform
It’s been almost a year since FIS acquired Bond, the integrated finance startup. CEO Roy Ng and much of the team remained at FIS.
Today we have seen the fruits of this integration. The FIS has announced the launch of Atelio by FIS, its new embedded finance platform.
What does this new platform do? According to the press release, businesses can use Atelio to “create financial experiences like collecting deposits, moving money, issuing cards, sending invoices, or leveraging the platform’s tools to fight fraud, predict cash flow, or better understand customer behavior.” .
So that’s a lot. Bond initially focused on credit products, but FIS clearly wanted to come to the market with a more comprehensive suite of integrated financial instruments.
FIS mentions three customers using Atelio: KeyBank, College Ave and RoyalPay. But it also targets businesses outside of financial services. On its home page, Atelio says it “allows businesses to easily incorporate financial services.”
This is the heart of the embedded finance movement. Fintech software so simple that any company can offer financial services products.
In the foreground
> FIS launches the integrated financial platform for financial institutions and businesses
FIS has launched an integrated financial platform designed for use by financial institutions, businesses and software developers. The new “Atelio by FIS” platform can help any business collect deposits, move money, issue cards, send invoices, fight fraud, predict cash flows and better understand customer behavior.
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Peter Renton is president and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and is the author and creator of the Individual fintech podcastthe first and longest running fintech interview series.