FIS Unveils Atelio: A Revolutionary Embedded Financial Solution
- FIS has launched Atelio, a platform that enables financial institutions, businesses, and software developers to embed financial services into their offerings.
- Atelio allows companies from all industries to create financial experiences such as collecting deposits, moving money, issuing cards, and sending invoices.
- KeyBank, College Ave, and RoyalPay Inc. are already building on Atelio, which allows users to embed financial services into their products in a secure and compliant manner.
FIS launches Atelio, a groundbreaking platform that allows businesses to embed financial services into their offerings, revolutionizing the way financial services are consumed.
Atelio: The Future of Financial Services
Tarun Bhatnagar, president of Platform and Enterprise Products at FIS, hailed Atelio as the future of financial services. He stated that Atelio is designed to lead where fintech is going, beyond the current boundaries of how businesses enable and their customers consume financial services. Atelio is built to provide the expertise, tools, and distribution so that users and clients can focus on creating.
Embedded Finance: A Growing Market
According to Bain Capital, embedded finance is projected to account for 10% of transactions, valued at $7 trillion, or over $50 billion in revenue by 2026. To meet this growing demand, FIS is making it easier for users of Atelio to participate in this next wave of financial innovation by leveraging FIS’ fintech capabilities in a new way. Research by S&P Global Intelligence shows that banks offering embedded finance outpaced peers on deposit growth, with a median sequential growth rate of 2.2% for banks, versus a decline of 0.8% for banks that did not.
Atelio: A Scalable and Compliant Solution
Atelio provides scalable and compliant fintech capabilities that can be utilized by banks, businesses, and software developers to create the experiences they want to offer their customers. The distribution of Atelio is enhanced by FIS’ expansive bank distribution channel and its go-to-market relationship with Worldpay.
Conclusion
With the launch of Atelio, FIS is setting a new standard for the future of financial services. By allowing businesses to embed financial services into their offerings, Atelio is not just a new solution, but a revolutionary approach to financial services that is set to drive the next wave of financial innovation.
