{"id":2705885,"date":"2025-05-20T07:00:00","date_gmt":"2025-05-20T11:00:00","guid":{"rendered":"https:\/\/pymnts-com-develop.go-vip.net\/?post_type=nw_announcement&p=2512654"},"modified":"2025-05-20T07:00:00","modified_gmt":"2025-05-20T11:00:00","slug":"fis-harmonizes-payments-with-launch-of-unified-money-movement-hub","status":"publish","type":"nw_announcement","link":"https:\/\/www.pymnts.com\/newswire-announcements\/fis-harmonizes-payments-with-launch-of-unified-money-movement-hub\/","title":{"rendered":"FIS Harmonizes Payments With Launch of Unified Money Movement Hub"},"content":{"rendered":"

JACKSONVILLE, Fla., May 01, 2025\u00a0– Global financial technology leader\u00a0FIS<\/u><\/a>\u00ae (NYSE: FIS) has announced the launch of its Money Movement Hub, an innovative payments solution that helps to simplify the back-end infrastructure of financial institutions by enabling them to connect to multiple payment networks and process payments in one place.<\/p>\n

Designed as a turnkey solution for a wide range of institutions – from super regional banks to community banks – the Money Movement Hub supports a modernized payments journey that can change with each client\u2019s needs. The flexible, cloud-native platform is core agnostic and allows banks to start with the payment types they need today, then add new capabilities over time through a \u201cpay-as-you-grow\u201d model. It delivers unified and secure money movement experiences that can be embedded across a variety of customer channels, helping institutions meet digital demands quickly and efficiently.<\/p>\n

While consumers\u2019 expectations for payment ease and efficiency have increased, many institutions are struggling to meet these demands using dated and disparate technology, leaving them exposed to settlement delays and security vulnerabilities. In fact, 57% of organizations that participated in the FIS\u00a0Harmony Gap<\/u><\/a>\u00a0survey reported experiencing friction in payments processing, or when money is in motion, at least once a week.<\/p>\n

The FIS Money Movement Hub helps to harmonize the payments ecosystem within a financial institution by facilitating the integration of major payment networks within one solution, via a single API. As well as helping to reduce complexity for organizations, the solution can increase the accuracy of payments, improve liquidity, and help to quickly remediate security risks. This innovative payments hub responds to evolving consumer demands for faster and more efficient payments, as well as regulatory changes, and aims to transform financial institutions\u2019 money movement capabilities.<\/p>\n

Gareth Lodge, principal analyst at Celent commented \u201cPayments are the one thing that unite every customer at every bank \u2013 and as their expectations continue to change, they expect more. While our\u00a0Dimensions<\/u><\/a>\u00a0research found that 45% of US banks have major payments modernization plans in the next 18 months, these banks need to ensure that they choose a solution that doesn\u2019t just meet the needs of today, but also tomorrow.\u201d<\/p>\n

Jim Johnson, co-president, Banking Solutions at FIS, commented, \u201cThis new solution is a testament to FIS\u2019 dedication to unlocking financial technology that efficiently moves money between the world\u2019s banks, consumers and businesses. Our new Money Movement Hub can help to reduce the complexity and costs associated with managing multiple payment channels, enabling funds to flow with speed, accuracy and security throughout the money lifecycle.\u201d<\/p>\n

Features of the FIS Money Movement Hub<\/p>\n