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 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.”

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.

Expect ongoing updates as this story evolves.

This article was written by Jared Kirui at www.financemagnates.com.

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