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FIS forges global partnership with Cardlay

Source: Cardlay

The world’s third largest banking processor and payment infrastructure provider, FIS, is now expanding their business through a global partnership with the Danish Fintech Cardlay.

Together, FIS and Cardlay will deliver a fast-scalable and generic white label front-end solution to banks and card issuers.

FIS, one of the world’s largest technology companies within banking and payment services, is now expanding its business through its partnership with Cardlay, offering a coherent digital user experience for commercial banks and issuers with real-time data, including expense management, corporate client app, card management and automated EU VAT reclaim.

Scaling European footprint
In the first phase of the partnership, FIS and Cardlay will have full focus on the European market, where Cardlay's white label solution will be part of the overall digital offering for existing and new corporate clients in 28 European countries.
Cardlay, who already partnered up its solution with Mastercard and Eurocard, is excited to enter the global financial scene.

“Becoming an integrated part of a global financial platform opens up our technology for customers in some of the world’s leading banks. Naturally we have high expectations for this adventure. The partnership with FIS among others proves that our strategy of developing solutions together with partners and for banks leads the way into big scale.” says Jørgen Christian Juul.

Cardlay’s solution for FIS
Corporate plastic and virtual cards can be issued and managed instantly from the front-end platform. Real-time expense management is handled in the Corporate Client App and reconciliation is easy through the Expense Management web application with direct data integration into EMS providers. The Digital VAT reclaim solution is integrated directly into the Expense Management solution to complete the entire digital accounting flows and seamless user experience.

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