Ericsson President and CEO, Börje Ekholm, says a collaboration between Ericsson and US-based global financial technology company FIS aims to catalyze the growing convergence of connectivity and digital financial services.
Collaboration objectives aim to pre-integrate FIS fintech capabilities into the Ericsson Fintech Platform. The resulting combined full-stack enterprise-grade pre-connected platform capabilities will remove the need for organizations to build underlying infrastructure.
By directly addressing and solving organizations’ key challenges to adopting digital financial services – such as the complexity and cost of integrating banking, payments, ledgering, identity, and compliance – into a single deployable solution, the collaboration aims to significantly simplify bringing related offerings to fruition.
Ericsson and FIS say communications service providers (CSPs), retail, healthcare, and government sectors are among those that stand to benefit from the platform’s ability to enable the launch of trusted and agile financial services and products.
Börje Ekholm says: “As money and value exchange become increasingly digital, Ericsson’s fintech offerings provide communication service providers, enterprises and broader segments with the confidence to innovate and scale. Fintech is a clear growth area for Ericsson as the evolution of connectivity and finance is converging. FIS and Ericsson are global leaders uniquely placed to harness this intersection. With Ericsson’s global scale, trust and commitment, we are eager to see this partnership succeed.”
Stephanie Ferris, CEO and President, FIS, says: “Organizations want to bring wallet-led financial services to market faster, but too often they are slowed by fragmented infrastructure and complex integrations. By working with Ericsson, FIS wants…
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