FIS Launches Atelio Embedded Finance Platform for Banks and Non-Financial Companies

On May 7, 2024, FIS launched Atelio, an innovative fintech platform designed to let both financial institutions and non-financial companies embed financial services into their offerings. The platform provides modular building blocks enabling users to create financial experiences including collecting deposits, moving money, issuing cards, and sending invoices, alongside fraud prevention and cash flow forecasting tools. Three lighthouse clients—KeyBank, College Ave, and RoyalPay Inc.—were already building on Atelio at the time of launch, demonstrating early market traction.

FIS cited research showing that banks offering embedded finance experienced a median deposit growth rate of 2.2%, compared to a 0.8% decline for banks that did not, underscoring the strategic rationale for the platform. Atelio positions FIS as a major BaaS infrastructure provider competing for both bank modernization and non-bank embedded finance use cases. The launch reflects FIS's broader strategy to monetize its banking technology stack through a platform approach aimed at the rapidly growing embedded finance market.