Jifiti and FIS partner to launch embedded lending solutions for banks

By Delisha Fernandes

Jifiti, an embedded technology company, announced that they have signed an agreement to launch an embedded lending solution with FIS, a financial services technology.

The collaboration will bring to market an end-to-end embedded solution for banks and financial institutions to deliver services to merchants like advanced Buy Now, Pay Later (BNPL) programs.

The solution helps banks capitalise on the need to deliver embedded finance capabilities by securely embedding multiple types of B2B and B2C loan products within a merchant-customer journey via Online, Mobile or at the Point of Sale.

The digital front end of the embedded lending platform supports all lending options, including instalment loans, lines of credit, split payments, virtual cards, and business financing. In addition, the solution offers proven loan management systems, secure storage of customer information, and repayment and collections integration services.

Merchants who can offer advanced services, like BNPL, could see a lift in customer spending and retention as consumers look for businesses to provide more purchase options.

“FIS is committed to its mission: Advancing the ways the world pays, banks and invests,” said Silvia Mensdorff-Pouilly, SVP and Head of Banking and Corporates, EMEA at FIS. “Providing new capabilities to support the current embedded finance revolution is a proof point of our mission in action.”

“Any qualifying merchant worldwide can ‘switch on’ a wide range of embedded lending options at any point of sale, seamlessly integrated within the merchant’s customer and settlement journey. At Jifiti, we have recognised that our mission is to empower banks, lenders and merchants to be there for their customers through accessible, reliable and affordable embedded lending solutions,” said Yaacov Martin, CEO of Jifiti.

The solution is designed to be regulator-ready, integrate fully with credit bureaus and bank blacklists, and support all applicable KYC and AML requirements.