Financial technology company FIS has launched a new fintech platform, dubbed Atelio by FIS, to support financial organisations, businesses, and software developers to integrate financial services into their offerings.

The new platform utilises FIS’ existing financial technology through components that are easy to embed and consume.

It will allow companies from all sectors to build financial experiences including issuing cards, sending invoices, collecting deposits, transferring money, combating fraud, forecasting cash flows, and gain better understanding of customer behaviour.

According to FIS, Atelio by FIS will enable users to embed financial services into their products and workflows in a secure and compliant manner.

Besides, it helps companies to offer financial services seamlessly and easily to their customers at the point of financial requirement.

FIS said that the platform uses the company’s financial innovation and service to the financial services industry along with its scaled technology, a wide range of financial service capabilities, and expertise in risk and compliance.

FIS platform and enterprise products president Tarun Bhatnagar said: “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.”

In February this year, FIS joined forces with open banking solutions provider Banked to leverage the power of open banking, application programming interfaces (APIs) and real-time payment services to create new pay-by-bank solutions.