FIS Expands Commercial Banking Platform to APAC Region
FIS has completed the global rollout of its Digital One Commercial platform by launching it in the Asia-Pacific (APAC) region, the FinTech company said in a Wednesday (Aug. 5) press release.
The platform is already available across the United States and the Europe, Middle East and Africa (EMEA) region, according to the release.
Digital One Commercial is a core-agnostic, composable commercial banking platform that enables banks to serve all their business customers on a single system without replacing their existing core systems. Its application programming interface-first architecture also integrates with accounting systems and enterprise resource planning (ERP) systems, the release said.
Digital One Commercial supports real-time, multi-rail payments with native multi-language, multi-currency and cloud-ready capabilities for diverse regulatory environments, per the release.
For the APAC region, Digital One Commercial supports payment schemes such as PayNow, GIRO, FAST and SWIFT/ISO. The platform also includes native support for English, Simplified Chinese, Traditional Chinese, Bahasa Indonesia and Vietnamese.
“APAC’s commercial banking landscape is among the most complex in the world, and too many banks are navigating it with separate systems built for individual markets rather than the region,” Peter Boyer, co-president, Banking Solutions, FIS, said in the release. “The opportunity is not incremental improvement — it is helping banks unite their commercial banking operations, serve every business segment from a single platform, and unlock growth across the region.”
Digital One Commercial was formerly known as Dragonfly Universal Online Banker and now operates within the FIS Digital One ecosystem, according to the FIS website.
FIS reported Tuesday (Aug. 4) that its Banking Solutions business continued to outperform expectations during the second quarter. The business recorded another quarter of steady growth, with payments, issuing and recurring software revenue continuing to expand.
“Our total issuing solutions acquisition thesis is playing out as expected with real client wins and revenue growth across the portfolio,” FIS CEO and President Stephanie Ferris said during a conference call with analysts.
FIS announced in May that it collaborated with Anthropic to develop a Financial Crimes AI Agent and that the companies plan to build additional AI agents for bank-grade operations.
In April, FIS launched a new platform called Lyriq that enables banks to issue, manage and settle their own digital money while keeping those deposits on their balance sheet.
