FIS seeks API effect with Code Connect
FIS has unveiled Code Connect – an online gateway that allows its clients and third-party developers to access FIS APIs for use in developing and testing new solutions.
With APIs more popular than free alcohol at a fintech conference, FIS joins the masses seeking to capitalise on the API fever.
Code Connect includes more than 300 APIs in the categories of banking, payments and consumer finance. It also provides access to application use cases built on FIS open APIs, including “enterprise customer”, mobile banking and account opening.
Anthony Jabbour, chief operating officer, FIS, says: “Financial institutions large and small are embracing open APIs to increase the pace of customer-focused financial innovation and better compete with alternative fintech providers.”
Since you asked so nicely, FIS has been up to plenty of other stuff.
Last month, FIS and Citi Treasury and Trade Solutions revealed they are working together to enable real-time payments and cash management for their corporate treasury customers.
In August, FIS joined forces with information specialist Equifax to create OnlyID, a digital authentication solution that enables consumers to make transactions across online accounts without passwords.
While back in May, FIS said it will sell off its majority ownership stake in litigious Capco. The latter has been having an interesting time – such as suing its former UK boss and other ex-staff for up to £145 million for allegedly stealing clients and covering up the evidence.