FIS intros fintech platform Atleio

FIS introduced Atelio by FIS, a fintech platform to allow banks and businesses to integrate financial services. It offers a variety of tools such as deposit collecting, money transfer, card issuing, sending invoicing, fraud prevent, cash flow forecasting and customer behavior analysis, according to a press release.

With Atelio, users can embed financial services directly into products and workflows. Currently, KeyBank, College Ave and RoyalPay Inc. are utilizing Atelio.

“Welcome to the future of financial services,” Tarun Bhatnagar, president of platform and enterprise products at FIS, said in the release. “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.”

“We built and launched a new financial product for college students via Atelio quickly and simply,” Karen Boltz, head of product management at College Ave, a private school loan provider, said in the release. “We wanted a product that could bring together an account, credit card and payments into a single experience, and Atelio allowed us to offer a custom solution through our platform in a simple and secure process, which has been hugely beneficial to us in meeting our customers’ needs.”