← State of Embedded Finance 2026

Fil

Can a global investment management firm embed banking and payment infrastructure to become a full-service financial platform for its clients?

Founded1969
HQHamilton, Bermuda (operational HQ: London, UK)
IndustryFintech / Investment
The story

FIL (Fidelity International) is a privately held global asset and investment management firm that has historically focused on mutual funds, pensions, and wealth management for institutional and retail clients. The adoption of Temenos signals a strategic move to expand payment and alternative banking services, embedding financial infrastructure into its investment platform offering. This positions FIL as a participant in the broader trend of investment managers adding banking-adjacent capabilities to deepen client relationships and platform stickiness.

Last 12 months
2024
Product timeline
1969
FIL Limited established as the international arm of Fidelity Investments, operating independently from its US counterpart.· pivot
2024
FIL taps Temenos to scale payment and alternative banking services, signalling expansion into embedded banking infrastructure.· banking
The stack
Banking / BaaS
Temenos
Accounting gap: none