FIS announced a partnership with Episode Six to address the modernization crisis faced by financial institutions due to payment complexity. This collaboration will create a cloud-based, end-to-end digital payments platform, leveraging FIS's global scale and Episode Six's configurable payment infrastructure. The partnership enables financial institutions to expand internationally without the need for rebuilding technology from the ground up. CEO John Mitchell of Episode Six stated that the partnership allows for broader application of their platform, facilitating client innovation at scale. FIS highlighted the importance of this collaboration based on thorough research.
"We did some pretty hefty research over an extended period of time," said Rob Hudson, Head of International Banking, at FIS. "It became very apparent very quickly that Episode Six was the one that we wanted to work with. This was the standout opportunity for us, without doubt."
John Mitchell, CEO and co-founder of Episode Six, emphasized the strategic nature of the partnership. "We've always envisioned that if we had a partner with the strengths and the scale of FIS, that our platform would be used in a much broader capacity," he said. "This partnership is going to enable us to present a solution that will allow all of our clients to innovate at scale."
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