← Embedded Finance Index 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
Acquisitions
Global Payments Issuer Solutions (TSYS)2026
Completed its $13.5B acquisition of Global Payments' Issuer Solutions (card-issuer processing) business, expanding banking/issuer-processing.
Bond Financial Technologies2023
Acquired the banking-as-a-service startup Bond to close a gap in its embedded-finance offering (cards/accounts via APIs).
Payrix2022
Acquired the embedded-payments provider Payrix to bring payfac-as-a-service to SaaS platforms serving SMB merchants.
Worldpay2019
Completed its ~$43B acquisition of merchant-acquirer Worldpay (FIS later divested a 55% majority stake in 2024).
SunGard2015
Acquired financial-software firm SunGard, expanding into capital-markets technology.
Metavante Technologies2009
Acquired the banking/payments technology provider Metavante, expanding core-banking and payment-processing scale.
eFunds2007
Acquired eFunds, adding electronic payments, risk management and government/prepaid processing.
Certegy2006
Formed the modern FIS payments franchise via its 2006 merger with card-processing/check-services firm Certegy.
The stack
7 layers disclosed in FIS’s embedded-finance stack
Payments / PSP
FIS payment processing (in-house)
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
Unified APIs
in the full report
FX & payouts
in the full report
Accounting
in the full report
Accounting gap: minor
7 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.