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
- 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
OBJECTIVEFino Payments bank wanted the experience, speed, scale and security.
RESULTSFIS 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
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.