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March 30, 2021

Card processor FIS Global agrees first of its kind partnership with Cardlay

By Douglas Blakey

FIS Global is expanding its business through a global partnership with Danish fintech Cardlay. Together, FIS Global and Cardlay will deliver a fast-scalable and generic white label front-end solution to banks and card issuers.

And FIS Global says it will offer a coherent digital user experience for commercial banks and issuers with real-time data. This includes expense management, corporate client app, card management and automated EU VAT reclaim.

Scaling European footprint

FIS Global and Cardlay will have full focus on the European market. Cardlay’s white label solution will be part of the overall digital offering for existing and new corporate clients in 28 European countries.

Cardlay is already partnered up with Mastercard and Eurocard.

“Becoming an integrated part of a global financial platform opens up our technology for some of the world’s leading banks. Naturally we have high expectations for this adventure. The partnership with FIS Global among others proves that our strategy of developing solutions together with partners and for banks leads the way into big scale.” says Jørgen Christian Juul CEO Cardlay.

Cardlay’s solution for FIS Global

Corporate plastic and virtual cards can be issued and managed instantly from the front-end platform. Real-time expense management is handled in the Corporate Client App.  Reconciliation is easy through the Expense Management web application with direct data integration into EMS providers. The Digital VAT reclaim solution is integrated directly into the Expense Management solution to complete the entire digital accounting flows and seamless user experience.

Cardlay is a strategic partner to banks, card issuers and processors in the digital transformation process. It enables white label partners to strengthen digital relations with customers and stay relevant in a new era of digital banking.

Cardlay’s white label product provides banks with a solution to build new revenue on existing portfolios, secure retention and gain new market shares. The vision is to enrich all transactions.

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