Empowering Fino Payments Bank
FIS® helped Fino Payments Bank scale its operations to become India’s local national bank, a digital banking partner for millions of Indians.
Fino Payments Bank is one of the largest payments banks in India. With annual throughput of 134,043 crore INR, they have a deep outreach of clients and merchants PAN India.
The bank started its journey with FIS in 2016, choosing FIS to provide a fully integrated banking and payments platform through a completely outsourced delivery mode with a seamless integration to front-end channels managed by the Fino technical team. This included:
- Core banking
- End-to-end transactions management
- Switching
- Debit card services
FIS was the right partner with its integrated solution stack, expertise in financial services and a strong implementation record in India and across the globe.
At a Glance
OBJECTIVE
Fino Payments bank wanted the experience, speed, scale and security.FIS SOLUTIONS
RESULTS
FIS Profile core banking system has helped Fino Payments Bank to scale its transactions (more than 180 mn+ transactions in FY2022Q3) and to 3.92 million accounts in a customer base that spans rural India. FIS solutions also helped the bank to scale its UPI transaction throughput to 10,962 crore INR.Source- annual report https://www.finobank.com/uploads/content/fino_payments_bank_q3fy22_investor_presentatio.pdf
Impact
Fino Payments Bank swiftly scales to a profitable small finance bank (SFB) with the support of the only comprehensive, end-to-end hosted banking and payments solution offered in the Indian banking market by FIS.