Global fintech and funding innovation ecosystem

FIS Dives Deeper into Embedded Finance with Bond Acquisition

Techcrunch | Mary Ann Azevedo, Ingrid Lunden  | Jun 9, 2023

Unsplash Patrick Tomasso Banking as a service - FIS Dives Deeper into Embedded Finance with Bond Acquisition

Image: Unsplash/Patrick Tomasso

FIS, a renowned player in the fintech industry, has strategically acquired Bond, a startup excelling in banking-as-a-service (BaaS) and AI-powered financial infrastructure.

  • M&A:
    • FIS, a leading fintech company, has acquired Bond, a San Francisco-based startup specializing in banking-as-a-service (BaaS) or embedded finance. Bond’s technology includes AI-powered infrastructure and APIs enabling brands to offer banking products such as credit cards, debit cards, and accounts.
    • The acquisition comes amid a period of consolidation in the fintech sector, with larger companies acquiring startups to enhance their technology and talent pool. This reflects a trend where established players in the fintech industry are competing to modernize their products and services.

See:  FIS Report: Embedded Finance, Web3 and ESG Lead 2023 Fintech Investment Focus

  • Impact:
    • This acquisition is important as it signifies a strategic move by FIS to integrate cutting-edge technology in embedded finance, which is rapidly becoming a cornerstone in fintech innovation.
    • By acquiring Bond, FIS is positioning itself to offer a more diverse and competitive set of services to its clients. The impact of this could be far-reaching, potentially reshaping the fintech landscape by setting a new benchmark in the fintech landscape, making it imperative for competitors to adopt groundbreaking technologies for staying ahead in the race.

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#FIS #Bond #fintech #BankingAsAService #embeddedfinance


NCFA Jan 2018 resize - FIS Dives Deeper into Embedded Finance with Bond AcquisitionThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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