Key Facts:
- Atelio by FIS is an innovative fintech platform that provides
the building blocks for financial institutions, businesses and
software developers to embed financial services into their
offerings.
- Building on FIS’ history of financial innovation and focus on
the financial services industry, Atelio accesses FIS’ scaled
technology, broad suite of financial service capabilities, and
expertise in risk and compliance.
- FIS’ extensive client base of banks, corporates and software
companies will create a powerful distribution channel for
Atelio.
FIS® (NYSE: FIS), a global leader in financial technology, has
today introduced Atelio by FIS™, a fintech platform that provides
the building blocks for financial institutions, businesses and
software developers to embed financial services into their
offerings.
The innovative platform unlocks FIS’ existing financial
technology via components that are easy to embed and consume.
Atelio is where companies from all industries can go 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.
Atelio enables users to embed financial services into their
products and workflows in a secure and compliant manner and
empowers companies to simply and easily offer financial services to
their customers at the point of financial need.
Three lighthouse clients – KeyBank, College Ave and RoyalPay
Inc. – are already building on Atelio, demonstrating the power of
the platform and its broad distribution channel.
"Welcome to the future of financial services," said Tarun
Bhatnagar, president of Platform and Enterprise Products at FIS.
"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.
Our scale, distribution and continued investment in technology have
given us the foundation to unlock our financial capabilities to a
wider audience and power the next generation of financial
innovation.”
Why Atelio Matters
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. According to Bain
Capital, embedded finance will grow to 10% of transactions, valued
at $7 trillion, or over $50 billion in revenue by 2026.
To meet this growing demand for embedded finance, FIS is making
it easier for users of Atelio to participate in this next wave of
financial innovation by leveraging FIS’ fintech capabilities in an
entirely new way.
Atelio is unique because it builds on FIS’ history of financial
innovation and service to the financial services industry together
with FIS’ scaled technology, broad suite of financial service
capabilities, and expertise in risk and compliance – curated and
offered as a service.
Banks and other financial services partners also benefit from
Atelio by extending their customer reach. For example, based on
research by S&P Global Intelligence, 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.
How Atelio Works
Atelio makes scalable and compliant fintech capabilities
consumable by banks, businesses and software developers – any
innovator – where they can create the experiences they want to
offer their customers.
Distribution of Atelio is enhanced by FIS’ expansive bank
distribution channel as well as its go-to-market relationship with
Worldpay®, giving users access to the full financial ecosystem and
making it truly a destination for financial innovation.
“We built and launched a new financial product for college
students via Atelio quickly and simply,” said Karen Boltz, head of
Product Management at College Ave, the second largest private
student loan provider in the U.S. “We wanted a product that could
bring together an account, credit card and payments into a single
experience, and Atelio allowed us to offer a custom solution
through our platform in a simple and secure process, which has been
hugely beneficial to us in meeting our customers’ needs.”
Learn More
Interested parties can visit www.atelio.com to learn more or
contact hello@atelio.com.
Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the U.S. federal securities laws. Statements that
are not historical facts, as well as other statements about our
expectations, beliefs, intentions, or strategies regarding the
future, or other characterizations of future events or
circumstances, are forward-looking statements. These statements may
be identified by words such as “expect,” “anticipate,” “intend,”
“plan,” “believe,” “will,” “should,” “could,” “would,” “project,”
“continue,” “likely,” and similar expressions, and include
statements reflecting future results, statements of outlook and
various accruals and estimates. These statements relate to future
events and our future results and involve a number of risks and
uncertainties. Forward-looking statements are based on management’s
beliefs as well as assumptions made by, and information currently
available to, management.
Actual results, performance or achievement could differ
materially from these forward-looking statements. The risks and
uncertainties to which forward-looking statements are subject
include the following, without limitation:
- changes in general economic, business and political conditions,
including those resulting from COVID-19 or other pandemics, a
recession, intensified or expanded international hostilities, acts
of terrorism, increased rates of inflation or interest, changes in
either or both the United States and international lending, capital
and financial markets or currency fluctuations;
- the risk that acquired businesses will not be integrated
successfully or that the integration will be more costly or more
time-consuming and complex than anticipated;
- the risk that cost savings and synergies anticipated to be
realized from acquisitions may not be fully realized or may take
longer to realize than expected or that costs may be greater than
anticipated;
- the risks of doing business internationally;
- the effect of legislative initiatives or proposals, statutory
changes, governmental or applicable regulations and/or changes in
industry requirements, including privacy and cybersecurity laws and
regulations;
- the risks of reduction in revenue from the elimination of
existing and potential customers due to consolidation in, or new
laws or regulations affecting, the banking, retail and financial
services industries or due to financial failures or other setbacks
suffered by firms in those industries;
- changes in the growth rates of the markets for our
solutions;
- the amount, declaration and payment of future dividends is at
the discretion of our Board of Directors and depends on, among
other things, our investment opportunities, results of operations,
financial condition, cash requirements, future prospects, and other
factors that may be considered relevant by our Board of Directors,
including legal and contractual restrictions;
- the amount and timing of any future share repurchases is
subject to, among other things, our share price, our other
investment opportunities and cash requirements, our results of
operations and financial condition, our future prospects and other
factors that may be considered relevant by our Board of Directors
and management;
- failures to adapt our solutions to changes in technology or in
the marketplace;
- internal or external security or privacy breaches of our
systems, including those relating to unauthorized access, theft,
corruption or loss of personal information and computer viruses and
other malware affecting our software or platforms, and the
reactions of customers, card associations, government regulators
and others to any such events;
- the risk that implementation of software, including software
updates, for customers or at customer locations or employee error
in monitoring our software and platforms may result in the
corruption or loss of data or customer information, interruption of
business operations, outages, exposure to liability claims or loss
of customers;
- the risk that partners and third parties may fail to satisfy
their legal obligations to us;
- risks associated with managing pension cost, cybersecurity
issues, IT outages and data privacy;
- the reaction of current and potential customers to
communications from us or regulators regarding information
security, risk management, internal audit or other matters;
- risks associated with the expected benefits and costs of the
separation of the Worldpay Merchant Solutions business, including
the risk that the expected benefits of the transaction or any
contingent purchase price will not be realized within the expected
timeframe, in full or at all, or that dis-synergies may be greater
than anticipated;
- the risk that the costs of restructuring transactions and other
costs incurred in connection with the separation of the Worldpay
business will exceed our estimates or otherwise adversely affect
our business or operations;
- the impact of the separation of Worldpay on our businesses,
including the impact on relationships with customers, governmental
authorities, suppliers, employees and other business
counterparties;
- the risk that the earnings from our minority stake in the
Worldpay business will be less than we anticipate;
- competitive pressures on pricing related to the decreasing
number of community banks in the U.S., the development of new
disruptive technologies competing with one or more of our
solutions, increasing presence of international competitors in the
U.S. market and the entry into the market by global banks and
global companies with respect to certain competitive solutions,
each of which may have the impact of unbundling individual
solutions from a comprehensive suite of solutions we provide to
many of our customers;
- the failure to innovate in order to keep up with new emerging
technologies, which could impact our solutions and our ability to
attract new, or retain existing, customers;
- an operational or natural disaster at one of our major
operations centers;
- failure to comply with applicable requirements of payment
networks or changes in those requirements;
- fraud by bad actors; and
- other risks detailed elsewhere in the “Risk Factors” and other
sections of our Annual Report on Form 10-K for the fiscal year
ended December 31, 2023, and in our other filings with the
Securities and Exchange Commission.
Other unknown or unpredictable factors also could have a
material adverse effect on our business, financial condition,
results of operations and prospects. Accordingly, readers should
not place undue reliance on these forward-looking statements. These
forward-looking statements are inherently subject to uncertainties,
risks and changes in circumstances that are difficult to predict.
Except as required by applicable law or regulation, we do not
undertake (and expressly disclaim) any obligation and do not intend
to publicly update or review any of these forward-looking
statements, whether as a result of new information, future events
or otherwise.
About FIS
FIS is a financial technology company providing solutions to
financial institutions, businesses and developers. We unlock
financial technology that underpins the world’s financial system.
Our people are dedicated to advancing the way the world pays, banks
and invests, by helping our clients confidently run, grow and
protect their businesses. Our expertise comes from decades of
experience helping financial institutions and businesses adapt to
meet the needs of their customers by harnessing the power that
comes when reliability meets innovation in financial technology.
Headquartered in Jacksonville, Florida, FIS is a member of the
Fortune 500® and the Standard & Poor’s 500® Index. To learn
more, visit www.FISglobal.com. Follow FIS on Facebook, LinkedIn and
X (@FISglobal).
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version on businesswire.com: https://www.businesswire.com/news/home/20240507957380/en/
Kim Snider, 904.438.6278 Senior Vice President FIS Global
Marketing and Communications kim.snider@fisglobal.com
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