← State of Embedded Finance 2026

FIS

“Can a legacy bank-tech incumbent re-platform itself as the embedded-finance backbone for its bank customers before fintech-native infrastructure providers disintermediate it?”

Founded1968
HQJacksonville, Florida, United States
IndustryInfrastructure / BaaS
The story

FIS is a legacy core-banking and capital markets technology provider (Fidelity National Information Services) that has progressively pivoted toward embedded finance for banks. It has assembled the stack through partnerships (Jifiti for embedded lending, Modulr for the Money Movement Hub) and acquisitions (Railz for accounting data, Numerated for real-time lending). After the Worldpay merger and subsequent spin-off, FIS has refocused on bank technology and is positioning Money Movement Hub plus embedded lending as its modern embedded-finance offer to its bank customer base.

Last 12 months
2026-01
Product timeline
2017
Launched Real-Time Lending platform powered by Numerated.· lending
2021
FIS Ventures invested in UK payments infrastructure provider Modulr.· acquisition
2023
Partnered with Jifiti to deliver end-to-end embedded lending (including B2B/B2C BNPL) to banks and merchants.· lending
2024
Acquired Railz, a financial data / accounting aggregator.· acquisition
2026
Partnered with Modulr to power FIS Money Movement Hub, giving US banks a single API to multiple payment rails.· banking
The stack
Payments / PSP
FIS payment processing (in-house)
Banking / BaaS
FIS (in-house)
Card issuing
FIS (in-house)
Lending
FIS Real-Time Lending (powered by Numerated)FIS + Jifiti embedded lending (BNPL, instalment loans, lines of credit, virtual cards, business financing)
FX & payouts
Modulr
Accounting
Railz financial data network
Accounting gap: minor