In May, FIS launched Atelio, a platform that provides the building blocks for financial institutions, businesses, and software developers to embed financial services into their offerings.
Modern software solutions have fundamentally changed how we pay, get paid, borrow money, and invest, placing financial offerings at the point of need. This trend is accelerating.
The fintech provider stated that Atelio allows companies from all industries to create financial experiences such as collecting deposits, moving money, issuing cards, sending invoices, or leveraging the platform’s tools to fight fraud, forecast cash flows, or better understand customer behavior.
According to FIS, three lighthouse clients – KeyBank, College Ave, and RoyalPay Inc. – are already building on Atelio, which enables users to embed financial services into their products and workflows in a secure and compliant manner.
Last year, FIS decided to spin-off Worldpay, its Merchant Solutions business to strengthen its strategic and operational focus, capitalize on growth opportunities, and unlock shareholder value, the payments giant announced.
Charles Drucker, former FIS chief executive, was named as a strategic advisor to aid with the separation and ongoing business review and to become CEO of the Merchant Solutions business after the spin-off.
The spin-off was be named Worldpay because it is believed to offer the best path to enhance shareholder value, including by:
