The cutting-edge platform uses easily embedded and consumable components to unlock FIS's current financial technology. Businesses of all kinds can use Atelio to develop financial experiences, like receiving deposits, transferring funds, issuing cards, sending invoices, and using the platform's features to prevent fraud, predict cash flows, or gain a deeper understanding of consumer behavior.

With the help of Atelio, users can safely and legally integrate financial services into their products and workflows, empowering businesses to provide their clients with financial services whenever they need them.

KeyBank, College Ave., RoyalPay Inc., and other prominent clients are already utilizing Atelio, showcasing the platform's strength and extensive distribution network.

"Welcome to the future of financial services," FIS President of Platform and Enterprise Products Tarun Bhatnagar stated. "Our goal at Atelio by FIS is to be at the forefront of fintech, pushing the envelope beyond the current boundaries of how financial services are enabled by businesses and consumed by their clientele. Atelio is more than simply a fresh approach; it's designed to provide the know-how, resources, and distribution to free up our users and businesses to concentrate on producing. Our size, reach, and ongoing technological investments have provided us with the groundwork to enable the next wave of financial innovation and reveal our financial capabilities to a larger audience.

The Significance of Atelio

The way we pay, get paid, borrow money, and invest has completely changed as a result of modern technological solutions, which now provide financial products at the point of need. This pattern is getting stronger. By 2026, embedded finance is expected to account for 10% of transactions, valued at $7 trillion, or more than $50 billion in revenue, according to Bain Capital.

By utilizing FIS' fintech capabilities in a whole new way, the company is facilitating Atelio users' participation in the next wave of financial innovation, in response to the growing demand for embedded finance.

Atelio is special because it builds on FIS's heritage of financial innovation and industry service, as well as the scalable technology, comprehensive financial service capabilities, and risk and compliance knowledge that FIS has curated and provided as a service.

By expanding their customer base, banks and other financial services partners gain further advantages from Atelio. S&P Global Intelligence data, for instance, shows that banks that provide embedded finance outperform their rivals in terms of deposit growth, with a median sequential growth rate of 2.2% for banks that do so and a decline of 0.8% for those that do not.

The Operation of Atelio

Atelio enables banks, companies, software developers, and other innovators to use scalable and compliant fintech capabilities so they may design the experiences they wish to provide to their clients.

Due to FIS's extensive bank distribution network and its go-to-market partnership with Worldpay®, Atelio is more widely distributed, providing users with access to the whole financial ecosystem and solidifying its reputation as a hub for financial innovation.

"With Atelio, we swiftly and easily developed and introduced a new financial product for college students," stated Karen Boltz, head of product management at College Ave, the nation's second-biggest private student loan provider. In order to satisfy the needs of our consumers, we needed a product that could combine an account, credit card, and payment processing into a single experience. Atelio enabled us to provide a customized solution through our platform in a quick and safe manner.