FIS (NYSE: FIS) has launched a fintech platform to
enable financial institutions, businesses, and software developers to integrate
financial services into their products and processes. Dubbed Atelio, the new
platform provides users with access to a range of financial services, including
deposit collection, fund transfers, card issuance, invoicing, fraud prevention,
cash flow forecasting, and customer behavior analysis.
Targeting Financial Institutions and Businesses
According to the
press release, companies can simplify the process of offering financial
services and customer support through Atelio. The platform enables financial institutions and businesses
to embed financial services into their products and processes.
Tarun Bhatnagar, the President of Platform and
Enterprise Products at FIS, mentioned: "Atelio by FIS is our vision to lead
where fintech
Fintech
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Read this Term is going, which is outside the boundaries of how businesses
enable, and their customers consume financial services today. More than just a
new solution, Atelio is built to lend the expertise, tools, and distribution so
that our users and clients can focus on creating."
Announcing Atelio by FIS → Learn more about how we’re building the future of fintech - https://t.co/gapbTM8DHv pic.twitter.com/LyCUibEoJX
— Atelio (@ateliobyfis) May 7, 2024
KeyBank, College Ave, and RoyalPay Inc. are some of
the companies that have embraced Atelio. The launch comes at a time when embedded
finance is poised for exponential growth, with modern software solutions
enhancing financial services. By making FIS’ fintech capabilities accessible in
new ways, Atelio aims to facilitate greater participation in this growing
space.
In February, FIS partnered with Banked, a provider of
open banking solutions, for direct payments
Payments
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
Read this Term within the banking sector. By
leveraging open banking, APIs, and real-time payment services, this
collaboration aims to enable fund transfers directly from users' accounts,
bypassing traditional methods like card details or account numbers.
Innovation in Digital Payments
With open banking gaining momentum in the United
States, FIS is set to integrate this new feature across various sectors,
including insurance, higher education, utilities, and governmental agencies.
Seamus Smith, the Group President for Global Business-to-Business Payments at
FIS, highlighted that the partnership with Banked marks FIS' dedication to
providing payment services across critical industries.
Additionally, FIS partnered with Stratyfy to bolster its card fraud detection capabilities. This collaboration aims to address the growing concerns surrounding fraudulent activities that pose significant risks to businesses and consumers. Central to this collaboration is Stratyfy's machine learning approach, which promises better outcomes in fraud detection. FIS and Stratyfy aim to prevent unnecessary disruptions and delays in transactions caused by fraudulent activities.
FIS (NYSE: FIS) has launched a fintech platform to
enable financial institutions, businesses, and software developers to integrate
financial services into their products and processes. Dubbed Atelio, the new
platform provides users with access to a range of financial services, including
deposit collection, fund transfers, card issuance, invoicing, fraud prevention,
cash flow forecasting, and customer behavior analysis.
Targeting Financial Institutions and Businesses
According to the
press release, companies can simplify the process of offering financial
services and customer support through Atelio. The platform enables financial institutions and businesses
to embed financial services into their products and processes.
Tarun Bhatnagar, the President of Platform and
Enterprise Products at FIS, mentioned: "Atelio by FIS is our vision to lead
where fintech
Fintech
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Read this Term is going, which is outside the boundaries of how businesses
enable, and their customers consume financial services today. More than just a
new solution, Atelio is built to lend the expertise, tools, and distribution so
that our users and clients can focus on creating."
Announcing Atelio by FIS → Learn more about how we’re building the future of fintech - https://t.co/gapbTM8DHv pic.twitter.com/LyCUibEoJX
— Atelio (@ateliobyfis) May 7, 2024
KeyBank, College Ave, and RoyalPay Inc. are some of
the companies that have embraced Atelio. The launch comes at a time when embedded
finance is poised for exponential growth, with modern software solutions
enhancing financial services. By making FIS’ fintech capabilities accessible in
new ways, Atelio aims to facilitate greater participation in this growing
space.
In February, FIS partnered with Banked, a provider of
open banking solutions, for direct payments
Payments
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
Read this Term within the banking sector. By
leveraging open banking, APIs, and real-time payment services, this
collaboration aims to enable fund transfers directly from users' accounts,
bypassing traditional methods like card details or account numbers.
Innovation in Digital Payments
With open banking gaining momentum in the United
States, FIS is set to integrate this new feature across various sectors,
including insurance, higher education, utilities, and governmental agencies.
Seamus Smith, the Group President for Global Business-to-Business Payments at
FIS, highlighted that the partnership with Banked marks FIS' dedication to
providing payment services across critical industries.
Additionally, FIS partnered with Stratyfy to bolster its card fraud detection capabilities. This collaboration aims to address the growing concerns surrounding fraudulent activities that pose significant risks to businesses and consumers. Central to this collaboration is Stratyfy's machine learning approach, which promises better outcomes in fraud detection. FIS and Stratyfy aim to prevent unnecessary disruptions and delays in transactions caused by fraudulent activities.
