Scaling Challenges in Fintech with FIS | FF News at Fintech Meetup 2024

Over at Fintech Meetup in Las Vegas earlier this year, we caught up with Johnny Moreland, VP of Sales at FIS, and spoke about the company’s evolving relationship with fintechs. ⁤⁤Traditionally known for their banking services, FIS is focussing its efforts more and more on directly supporting fintechs, emphasizing the critical role fintechs play in today’s financial landscape. ⁤

⁤Johnny tells us that the primary concern for fintechs is scalability; ensuring that their systems can accommodate a growing user base and process an ever-increasing volume of transactions. ⁤⁤Additionally, regulatory challenges are becoming a significant issue for fintechs, while agencies such as the FDIC and OCC are expected to impose stricter rules, challenging the readiness of fintechs. ⁤

⁤FIS is equipped to help fintechs navigate these challenges with its extensive industry experience and wide range of services, including live person call centre support, credit and debit card production, and card processing, all of which have been honed over 30 years. ⁤⁤The breadth and depth of experience and infrastructure gives fintechs the confidence that, when partnering with FIS, their systems will be reliable and compliant as they grow. ⁤

⁤By offering scalable and regulatory-compliant solutions, FIS aims to foster partnerships that will benefit both fintechs and the company, ensuring mutual growth in the evolving financial sector. ⁤