JACKSONVILLE, Florida — September 3, 2026
Executive Summary
FIS has launched its Embedded Banking Platform, enabling U.S. banks to place accounts, payments and financial management services directly inside business software. The platform keeps customer accounts on the bank’s own balance sheet, preserving customer ownership and regulatory control while software partners manage the user experience. Cogent Bank, Commercial Bank of California and M&T Bank are among the pilot banks, with accounts and payments planned for Q4 2026.
Announcement Overview
FIS has introduced its first embedded finance platform built specifically for banks, responding to growing demand for banking services embedded within everyday business software. Through the platform, banks can work with vertical software providers or fintech companies to deliver account opening, payments, card issuing, accounts receivable and payable, and expense management without requiring corporate customers to leave their existing applications. FIS provides the underlying infrastructure, while banks retain the customer relationship and software partners control the experience. The platform supports APIs, SDKs, embeddable widgets and white-labeled applications.
Key Announcement Details
- Announcement Type: Product Launch
- Announcing Entity: FIS
- Announcement Date: September 3, 2026
- Dateline: Jacksonville, Florida
- Platform: FIS Embedded Banking Platform
- Purpose: Embedded banking for business software
- Target Market: U.S. banks
- Services: Accounts, payments, card issuing, AR/AP, expense management
- Infrastructure: Bank-balance-sheet accounts
- Integration: APIs, SDKs, widgets, white-labeled apps
- Pilot Banks: Cogent Bank, Commercial Bank of California, M&T Bank
- Accounts & Payments: Planned for Q4 2026
- Customer Ownership: Retained by banks
- Regulatory Control: Retained by banks
- Software Partner Role: User experience
- FIS Role: Banking infrastructure
- Company: FIS
- Headquarters: Jacksonville, Florida
- Executive: Jon Briggs, Global Head of Embedded Solutions and Money Movement, FIS
FIS® Embedded Banking Platform Brings Banking Into Business Software
FIS, a global financial services technology company, has launched the FIS® Embedded Banking Platform, its first embedded finance offering designed specifically for banks.
The platform allows U.S. banks to provide banking capabilities within the business applications their corporate customers already use to operate their organizations.
Its capabilities include:
- Bank accounts
- Card issuing
- Accounts receivable
- Accounts payable
- Expense management
- Payment capabilities
The platform is designed around the changing expectations of corporate customers, who increasingly want to manage financial activities directly within their core business software rather than moving between business applications and separate banking portals.
Through embedded banking, customers can open accounts and move money from within existing software, with FIS providing infrastructure intended to support secure and compliant transactions.
Pilot Banks and Q4 2026 Availability
FIS is launching the platform with pilot banking institutions as it prepares for the next stage of deployment.
The initial pilot banks include:
- Cogent Bank
- Commercial Bank of California
- M&T Bank
FIS said accounts and payments are planned for Q4 2026.
How It Works
The platform establishes a three-way model connecting banks, software providers and corporate customers.
Under the model:
- Banks use FIS Embedded Banking Platform to provide their banking and payment capabilities.
- Vertical software providers or fintech companies integrate those capabilities into their own products.
- Corporate customers access banking services within the software they already use to run their businesses.
- The bank retains the customer relationship.
- The software partner controls the user experience.
- FIS provides the underlying infrastructure.
Banks can also choose how their capabilities are integrated based on the requirements of their software partners.
Available integration approaches include:
- APIs
- SDKs
- Embeddable widgets
- White-labeled applications
This model allows banks to extend their services into business workflows without requiring customers to leave their existing software environment.
Why It Matters
A central feature of FIS Embedded Banking Platform is that customer accounts remain on the bank’s own balance sheet rather than being maintained through a third-party virtual ledger.
That structure is intended to allow banks to retain:
- Full customer ownership
- Regulatory control
- A direct customer relationship
- Greater control over the banking infrastructure
FIS said keeping accounts on the bank’s balance sheet can also support simpler compliance, cleaner regulatory positioning and more durable infrastructure.
The model changes how banks can reach corporate customers as well. Rather than depending exclusively on direct sales channels, banks can make their services available through the business software customers already rely on to operate their companies.
Extending Banking Across the Money Lifecycle
FIS positions embedded banking as part of a broader shift in which financial services are increasingly incorporated into the software businesses use every day.
The Embedded Banking Platform is designed to keep banks at the center of that transition while extending their reach across multiple stages of the financial lifecycle, including:
- Deposits and accounts
- Payments and money movement
- Capital deployment
By embedding these capabilities into business applications, banks can remain connected to customers as financial activities increasingly occur within non-banking software environments.
Leadership Commentary
Jon Briggs, Global Head of Embedded Solutions and Money Movement at FIS, said:
“Banks’ customers want banking built into the software they use to run their business every day,”
He added:
“Embedded Banking Platform lets banks meet those expectations and stay at the center of the relationship, while maintaining the regulatory control and customer ownership that define traditional banking.”
About FIS
FIS is a global financial technology company providing solutions to financial institutions and businesses across the money lifecycle that underpins the financial system.
The company says its people work to advance how the world pays, banks and invests, helping clients operate, grow and protect their businesses.
FIS is headquartered in Jacksonville, Florida, and is a member of the Fortune 500® and the Standard & Poor’s 500® Index.
Media Contact
For additional information, visit fisglobal.com.
Source Attribution
Source: Company announcement
