FIS®, a global leader in financial technology, has announced a major enhancement to its Asset Finance solution, expanding its presence in the auto market. The platform is now available as a comprehensive SaaS-based cloud offering that includes key US consumer auto finance capabilities, providing lenders with an end-to-end solution to manage the full lifecycle of loans and leases.
FIS enhances its Asset Finance platform with a new SaaS-based cloud offering.
The solution now includes key US consumer auto finance capabilities.
It supports the full loan and lease lifecycle from origination to remarketing.
The platform aims to help lenders facing rising costs and legacy system inefficiencies.
Key benefits include operational efficiency and personalized borrower experiences.
The expansion is underscored by the addition of a new premiere global client.
The asset finance and auto lending sectors are contending with significant challenges, including rising customer expectations, regulatory changes, and the high operational costs of legacy systems. The enhanced FIS Asset Finance solution is designed to help lenders meet these challenges by providing a modern, scalable, and integrated platform that consolidates origination, servicing, collections, and remarketing into a single system.
“By bringing powerful new lending and servicing capabilities to the global auto finance market, we’re helping our lending clients around the world to meet those challenges with confidence,” said Steve Sabin, head of Capital Markets Lending at FIS. “The addition of a premiere new global client underscores the trust we’re earning in the market.”
The cloud-native approach offers several critical advantages for lenders. It drives operational efficiency by automating manual workflows and provides end-to-end lifecycle management within a single platform. The solution also enables personalized borrower experiences through its API-enabled, digital-first design, allowing for seamless self-service. Furthermore, built-in low-code tools offer rapid innovation, enabling clients to adapt to market changes quickly without lengthy development cycles.
About FIS
FIS is a financial technology company providing solutions to financial institutions, businesses, and developers. We unlock financial technology to the world across the money lifecycle underpinning the world’s financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients to confidently run, grow, and protect their businesses. Our expertise comes from decades of experience helping financial institutions and businesses of all sizes adapt to meet the needs of their customers by harnessing where reliability meets innovation in financial technology. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor’s 500® Index.
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