Reimagining Banking Renovation, focusing on clients' needs and experiences
FIS, a global leader in financial technology, has announced a new Bank Modernization Framework. This groundbreaking initiative aims to modernize the entire banking ecosystem, not just core systems, and provides banks and financial institutions with integrated technology designed to address their operational requirements and gain a competitive edge in the marketplace.
The framework was launched in 2025, marking a significant year for FIS, which also saw the acquisitions of Amount, Dragonfly Technologies, and Everlink Payment Services. The new framework is underpinned by substantial investments in four primary pillars: Digital, Open banking and APIs, Platform transformation, and Data and AI.
The Bank Modernization Framework empowers banks to modernize incrementally using a component-based approach. This strategy reduces implementation risk and capital requirements, making it an attractive solution in an era where traditional modernization approaches are proving too risky and expensive due to rising IT costs, new AI compliance requirements, and competition from fintech disruptors.
Banks can begin modernization with any part of their technology stack, such as digital channels, data and AI, or open banking integrations. The framework emphasizes flexibility and componentization to deliver strategic upgrades where they matter most.
Peter Boyer, SVP and interim head of Banking at FIS, stated that the Bank Modernization Framework aims to modernize the entire bank, not just the core. The framework helps banks define and execute a personalized journey to achieve specific outcomes. It also empowers financial institutions to tailor their modernization journeys to their current needs, supporting long-term growth across the entire organization.
The framework includes the full suite of FIS core banking solutions, Code Connect (API Marketplace), and Digital One. It uses data-driven insights to unlock client-centric pathways to modernize technology stacks. By bringing together the full breadth of banking and capital markets solutions, FIS provides banks and financial institutions with integrated technology designed to address their operational requirements and gain a competitive edge in the marketplace.
The Bank Modernization Framework concludes with measurable improvements in operational efficiency, customer satisfaction, and growth. It is not a one-size-fits-all solution but a strategic investment for the future. FIS, with its comprehensive capabilities spanning 75+ countries and processing over 40 billion transactions annually, is the leading scaled fintech provider, ready to help banks navigate the challenges of modernization and thrive in the digital age.
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