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Huge potential for embedded financing with bonds and FIS
In this interview with Fintech Meetingwe spoke with Roy NG, business director at FISwho told us about the latest moves around embedded finance and why FIS and technology company Bond are a great fit.
Integrated finance is evolving rapidly and the synergy between these two companies allows non-bank institutions to adopt FIS’s extensive financial services capabilities, offering a streamlined and modern approach that benefits both fintechs and non-bank brands.
We find out how the space is advancing and what opportunities exist for financial institutions.
A fundamental partnership
Embedded finance revolves around leveraging the network of sponsor banks to benefit fintechs and brand customers. By integrating more products for brand and technology customers, your strategy at Bond aims to create a robust and scalable solution. Acquiring the platform’s enterprise solution fostered a culture focused on solving core problems and facilitating adoption of FIS’s broad capabilities.
Historically, FIS is known for providing financial services to financial institutions. However, a significant mandate of the platform is to extend these services to non-bank institutions. Collaborating with FIS, leveraging its substantial domain expertise and combining it with advanced technological layers, simplifies the consumption of these services for fintechs and brands outside the financial ecosystem. This collaboration represents a win-win scenario for customers, providing them with enhanced capabilities and simplified solutions.
We also hear about how FIS’s scale in the banking and capital markets offers a strategic advantage. The ongoing relationship with WorldPay also creates a powerful capability by merging merchant acquisition data with issuance data. This data synergy allows brands to offer highly relevant financial services products to their end users. The range and distribution capabilities are also noteworthy.
Ultimately, this is a conversation about the emerging potential of integrated finance. Historically dominated by startups helping other startups, the scene is now witnessing the involvement of larger organizations, including publicly listed companies.
This change is allowing these companies to reach previously inaccessible audiences. As the space matures, more large organizations, banks and brands are predicted to enter the fray, driving significant advances in the sector. Watch to find out more.