FIS announced the launch of its new SMB Digital Lending solution. Created in partnership with Lendio, the nation's leading small business financial solutions technology platform, the solution aims to reduce the barriers to funding for small and medium-sized businesses (SMBs) by streamlining and automating lending processes for financial institutions. The solution is FIS' first in a portfolio of digital banking solutions to focus specifically on loans for SMBs and complements FIS' existing services that cater to consumer lending and large corporate loans.

Key Facts: SMB Digital Lending leverages advanced data analytics and machine learning to help banks profitably source, underwrite, and fund loans of any size to small and medium-sized businesses; The solution, launched in partnership with Lendio, is FIS? first in a portfolio of digital banking solutions to focus specifically on loans for small and medium-sized businesses, complementing existing services that cater to consumer lending and large corporate loans; By streamlining the lending process for financial institutions, SMB Digital Lending seeks to reduce barriers and bring down costs for small and medium-sized businesses seeking funding in a challenging economic environment.