Fintech
Huge potential for integrated finance with bonds and FIS
In this interview by Fintech meetupswe met Roy NG, Chief Business Officer at FISwho briefed us on the latest movements regarding integrated finance and why FIS and the technology company Bond are a great combination.
Integrated finance is rapidly evolving, and the synergy between these two companies enables non-bank institutions to adopt FIS’s broad financial services capabilities, offering a streamlined, modern approach that benefits both fintechs and non-bank brands.
Let’s find out how the space is moving and what opportunities exist for financial institutions.
A fundamental partnership
Integrated finance revolves around leveraging the sponsor banking network for the benefit of fintech customers and brands. By integrating multiple products for brand and technology customers, Bond’s strategy aims to create a robust and scalable solution. The acquisition of the platform enterprise solution fostered a culture focused on solving root problems and facilitating adoption of FIS’s broad capabilities.
Historically, FIS has been known for providing financial services to financial institutions. However, a significant mandate of the platform is to extend these services to non-bank institutions. Partnering with FIS, leveraging their substantial industry expertise and combining it with advanced technology layers, simplifies the consumption of these services for fintechs and brands outside of the financial ecosystem. This collaboration represents a win-win scenario for customers, providing them with improved functionality and optimized solutions.
We also hear about how FIS’s reach into banking and capital markets offers a strategic advantage. The ongoing relationship with WorldPay also creates a powerful resource by uniting merchant acquisition data with issuance data. This data synergy enables brands to offer highly relevant financial services products to their end users. Also noteworthy are the flow and distribution capabilities.
Ultimately, this is a conversation about the emerging potential of integrated finance. Historically dominated by startups helping other startups, the landscape is now seeing the involvement of larger organizations, including publicly traded companies.
This shift is allowing these companies to reach previously inaccessible audiences. As the space matures, larger organizations, banks, and brands are expected to enter the fray, driving significant advancements in the sector. Watch to find out more.