FIS launches Embedded Banking Platform, letting banks deliver accounts and payments inside business software

FIS®, a global leader in financial services technology, today announced the launch of FIS® Embedded Banking Platform, its first embedded finance offering built specifically for banks. The platform enables U.S. banks to offer banking services directly within the business software their corporate customers use daily.

Corporate customers increasingly expect to do their banking natively inside the software they use to run their business every day, rather than switching to a separate banking portal. “Embedded Banking Platform makes that possible, letting a bank’s customers open accounts and move money directly within their existing software, backed by bank-grade technology that keeps those transactions secure and compliant.” – the company said.

How It Works

Banks leverage Embedded Banking Platform from FIS, partner with a vertical software provider or fintech, and embed their own accounts and payment capabilities into that partner’s product. Corporate customers get an integrated banking experience without leaving the software they use daily. The bank keeps the customer relationship. The software partner owns the user experience. FIS powers the infrastructure.

Banks can offer Embedded Banking Platform through APIs, SDKs, embeddable widgets, or white-labeled applications, depending on the software partner’s preference.

Why It Matters

Banks maintain full customer ownership and regulatory control because accounts live on the bank’s balance sheet, not on a virtual ledger managed by a third party, which also means simpler compliance, cleaner regulatory positioning and more durable infrastructure. Instead of relying solely on their own direct sales, banks can reach corporate customers through the software those customers already use to run their business.

“Embedded finance is moving banking into the software businesses use every day. FIS Embedded Banking Platform is designed to keep banks central to that shift, extending the reach of banks across the full money lifecycle, from the deposits and accounts they hold to the payments they move and the capital they put to work, wherever their customers choose to bank.” – the company explained.

“Banks’ customers want banking built into the software they use to run their business every day,” said Jon Briggs, Global Head of Embedded Solutions and Money Movement at FIS. “Embedded Banking Platform lets banks meet those expectations and stay at the center of the relationship, while maintaining the regulatory control and customer ownership that define traditional banking.”