FIS (NYSE: FIS), a global leader in financial services technology, today announced FIS Code Connect, its online gateway that allows FIS clients to access FIS application programming interfaces (APIs) for use in developing and testing innovative new solutions to better serve their customers, reduce costs and achieve their business goals.
The initial launch of FIS Code Connect includes more than 300 APIs in the categories of banking, payments and consumer finance. The newly launched gateway also provides access to innovative application use cases built on FIS open APIs, including FIS™ Enterprise Customer, Mobile Banking and Account Opening.
As more APIs and application use cases from both FIS and key partners are added to the portal, Code Connect will provide FIS clients and third-party developers with a growing, thriving ecosystem for use in accelerating financial and payment technology innovation.
“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,” said Anthony Jabbour, chief operating officer, FIS. “Code Connect provides our clients with a platform to tap into the large and growing ecosystem of technologies and solutions being developed by FIS and our partners. Code Connect puts FIS clients squarely at the forefront of the open API revolution.”
"Banks are recognizing the need to work with external partners to deliver high value products, services and experiences to their customers – what IDC Financial Insights calls ‘Connected Banking,’” said Jerry Silva, director of Global Banking Research, IDC Financial Insights. "Modernizing the core system through open APIs is a way to strategically position banks to achieve greater customer acquisition and loyalty, and provide the experiences that today's customers demand."