UK-based paytech Modulr has entered the US as a part of a strategic partnership with world fintech FIS.
The partnership will allow FIS to leverage Modulr’s know-how for its cloud-native orchestration platform Cash Motion Hub.
Based in 1968 and headquartered in Jacksonville, Florida, FIS has been a Finovate alum since 2010.
UK-based cost know-how supplier Modulr has gone stay in the US, bringing its real-time, API-first cost functionality to one of many largest cost markets on the earth. Modulr has cast a strategic partnership with world fintech FIS and can present crucial know-how for the corporate’s Cash Motion Hub, a cloud-native orchestration platform that harmonizes the funds ecosystem by integrating main world networks by way of a single API.
“Increasing into the US is a pure step for Modulr as we reply to rising world demand for real-time, dependable funds infrastructure,” Modulr Founder and CEO Myles Stephenson stated. “Our partnership with FIS is a collaborative launchpad, combining our confirmed experience with FIS’s deep market presence to assist US monetary establishments modernize, innovate, and unlock the total potential of on the spot funds.”
FIS Cash Motion Hub affords a unified level of entry to real-time, batch, and cross-border cost rails, enabling monetary establishments to offer their clients with sooner, extra versatile companies. For its half, Modulr brings in depth expertise in accessing cost schemes throughout the UK and Europe, together with the corporate’s direct participation within the UK’s major cost schemes, Sooner Funds and Bacs, in addition to SEPA and SWIFT entry.
“Modulr’s experience in funds and scalable options completely enhances FIS’s expansive attain,” FIS Co-President, Banking Options, Jim Johnson stated, “making a powerhouse for innovation, effectivity, and growth throughout the cash lifecycle.”
Processing greater than 300 million transactions a 12 months, with a complete cost quantity of greater than £150 billion, Modulr’s API-first platform permits firms to embed funds into core options and companies. With deployments throughout a community of greater than 15 ERP, accounting, payroll, and journey reserving integrations—together with Sage, BrightPay, Xero, and Juniper—Modulr’s funds hub gives clients with higher effectivity, management, and safety. Based in 2015 and headquartered in London, Modulr is a regulated Approved Digital Cash Establishment (AEMI) within the UK beneath the Monetary Conduct Authority and is regulated within the Netherlands by De Nederlandsche Financial institution.
A Finovate alum since 2010, FIS most not too long ago demoed on the Finovate stage at FinovateFall 2016. The corporate gives complete monetary companies together with cost processing, banking know-how, and monetary software program, working with banks, retailers, and capital markets corporations to enhance effectivity, scalability, and safety. Headquartered in Jacksonville, Florida, and based in 1968, FIS works with 95% of the world’s main banks and has greater than 14,000 purchasers throughout 150 international locations. FIS counts 90% of personal fairness corporations, 70% of the highest 100 insurance coverage corporations, and greater than 4,900 monetary companies firms and credit score unions amongst its clients and companions.
FIS ended 2025 being acknowledged as a Chief within the Gartner Magic Quadrant for retail core banking methods in North America. Stephanie Ferris is the corporate’s CEO and President.
Photograph by Vlado Paunovic on Unsplash
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