FIS has announced the integration of Circle's technologies into its Money Movement Hub, enabling banks to utilize USDC cryptocurrency for streamlined financial operations.
Circle Technology Integration
FIS's Money Movement Hub platform now includes integration with Circle’s blockchain technologies, allowing banks to process real-time transfers through various payment networks using the USDC token.
Benefits for Banks
By connecting with the FIS platform, banks will not only be able to send and receive payments more quickly, but also reduce transaction costs and protect against fraud thanks to the speed and transparency of blockchain.
Comments from FIS Representatives
Jim Johnson, Co-President of Banking Solutions at FIS, stated that the primary goal of the integration is to provide banks with a broader set of tools to serve their customers.
The integration of Circle’s technology into the FIS platform presents new opportunities for banks in the financial services sector, emphasizing transaction speed and security.
