- UK-based paytech Modulr has entered the US as part of a strategic partnership with global fintech FIS.
- The partnership will enable FIS to leverage Modulr’s technology for its cloud-native orchestration platform Money Movement Hub.
- Founded in 1968 and headquartered in Jacksonville, Florida, FIS has been a Finovate alum since 2010.
UK-based payment technology provider Modulr has gone live in the United States, bringing its real-time, API-first payment capability to one of the largest payment markets in the world. Modulr has forged a strategic partnership with global fintech FIS and will provide critical technology for the company’s Money Movement Hub, a cloud-native orchestration platform that harmonizes the payments ecosystem by integrating major global networks via a single API.
“Expanding into the US is a natural step for Modulr as we respond to growing global demand for real-time, reliable payments infrastructure,” Modulr Founder and CEO Myles Stephenson said. “Our partnership with FIS is a collaborative launchpad, combining our proven expertise with FIS’s deep market presence to help US financial institutions modernize, innovate, and unlock the full potential of instant payments.”
FIS Money Movement Hub offers a unified point of access to real-time, batch, and cross-border payment rails, enabling financial institutions to provide their customers with faster, more flexible services. For its part, Modulr brings extensive experience in accessing payment schemes across the UK and Europe, including the company’s direct participation in the UK’s main payment schemes, Faster Payments and Bacs, as well as SEPA and SWIFT access.
“Modulr’s expertise in payments and scalable solutions perfectly complements FIS’s expansive reach,” FIS Co-President, Banking Solutions, Jim Johnson said, “creating a powerhouse for innovation, efficiency, and expansion across the money lifecycle.”
Processing more than 300 million transactions a year, with a total payment volume of more than £150 billion, Modulr’s API-first platform enables companies to embed payments into core solutions and services. With deployments across a network of more than 15 ERP, accounting, payroll, and travel booking integrations—including Sage, BrightPay, Xero, and Juniper—Modulr’s payments hub provides customers with greater efficiency, control, and security. Founded in 2015 and headquartered in London, Modulr is a regulated Authorized Electronic Money Institution (AEMI) in the UK under the Financial Conduct Authority and is regulated in the Netherlands by De Nederlandsche Bank.
A Finovate alum since 2010, FIS most recently demoed on the Finovate stage at FinovateFall 2016. The company provides comprehensive financial services including payment processing, banking technology, and financial software, working with banks, merchants, and capital markets firms to improve efficiency, scalability, and security. Headquartered in Jacksonville, Florida, and founded in 1968, FIS works with 95% of the world’s leading banks and has more than 14,000 clients across 150 countries. FIS counts 90% of private equity firms, 70% of the top 100 insurance firms, and more than 4,900 financial services companies and credit unions among its customers and partners.
FIS ended 2025 being recognized as a Leader in the Gartner Magic Quadrant for retail core banking systems in North America. Stephanie Ferris is the company’s CEO and President.
Photo by Vlado Paunovic on Unsplash
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