FIS Partners with NYDIG to Assist Banks in Offering Bitcoin Services

FIS, a financial technology leader, has partnered with NYDIG, a provider of bitcoin-focused financial services and technology, to launch a new solution to enable banks to offer their customers the ability to buy, sell, and hold bitcoin via their bank accounts.

The new solution taps into the advanced functionality of the FIS Digital One™ Mobile solution to allow banks to provide bitcoin services via a seamless, easy-to-use digital experience – enabling them to drive fee income and better attract and retain customers.

Once a financial institution enables this solution, their customers will be able to view and manage bitcoin holdings alongside their traditional accounts in a single view.

"As demand for bitcoin as a store of value continues to grow, FIS is focused on enabling our core banking clients to respond to growing market demand and better serve their customers," said Rob Lee, head of Global Core Banking and Channels, FIS. "Unlocking these capabilities for financial institutions of all sizes levels the playing field for banking with bitcoin and can drive further innovation."

"While bitcoin adoption is increasing, an accessibility and credibility gap remains for too many who want to buy, sell and hold. Our partnership with FIS, and their core banking clients, bridges this gap," said Robert Gutmann, co-founder and CEO of NYDIG. "Working with an innovative leader like FIS on this integration will usher in a new age of financial freedom, choice, and trust for consumers with their existing banks. We welcome FIS as an investor and we are deeply excited about how our partnership can elevate banks across the country."