FIS launched Embedded Banking Platform on Sept. 3, a product that lets U.S. banks put accounts, cards and payments inside the business software their corporate customers already use. The Jacksonville, Florida, company, which trades on the New York Stock Exchange as FIS, said in a press release and a post on X that the offering is its first embedded finance product built specifically for banks, with accounts and payments planned for the fourth quarter of 2026.
In the model the company described, a bank works with a vertical software provider or fintech and inserts its own accounts and payment tools into that partner's product. Corporate customers can then open accounts and move money inside their existing software. The bank keeps the customer relationship, the software partner controls the user experience, and FIS supplies the infrastructure.
FIS said banks can connect the product through APIs, software development kits, widgets placed inside an application or a white-labeled app, based on the software partner's preference. Functions listed in the release include accounts, card issuing, accounts receivable, accounts payable and expense management inside accounting software and other business tools.
Customer accounts stay on the bank's balance sheet rather than on a ledger run by a third party, according to FIS. The company said that structure leaves banks with customer ownership and regulatory control. It also allows them to reach businesses through software those companies already use instead of relying only on the bank's direct sales.
The company is starting with pilot banks including Cogent Bank, Commercial Bank of California and M&T Bank.
Jon Briggs, global head of embedded solutions and money movement at FIS, said bank customers want banking functions included in the software they use each day. He said the platform is intended to keep banks at the center of those relationships while preserving their regulatory control and customer ownership.
FIS provides financial technology to financial institutions and businesses. The Jacksonville-based company is a member of the Fortune 500 and the S&P 500.
