FIS®, a global leader in financial technology, has launched a major enhancement to its SaaS-based cloud offering for the FIS Asset Finance solution, significantly increasing its capabilities for lenders across multiple asset classes. The platform now includes expanded support for U.S. consumer auto finance, broadening its functional reach across commercial, retail, and wholesale finance markets worldwide.
The enriched solution delivers end-to-end functionality for managing the full lifecycle of loans and leases across consumer auto, wholesale, and equipment finance. These enhancements equip lenders with improved efficiency and smoother transaction processes as they navigate increasingly complex operational demands.
“The asset finance and auto lending sectors are facing growing pressures from rising customer expectations, regulatory changes, increasing operational costs, and the inefficiencies of legacy systems,” said Steve Sabin, head of Capital Markets Lending at FIS. “By bringing powerful new lending and servicing capabilities to the global auto finance market, we’re helping our lending clients around the world to meet those challenges with confidence. The addition of a premiere new global client underscores the trust we’re earning in the market, and we look forward to building on this momentum.”
Why FIS Asset Finance Matters
The continued rise in U.S. auto loan debt highlights the sector’s need for modern technology. According to the Federal Reserve Bank of New York’s 2025 Q1 Report on Household Debt and Credit, U.S. household auto loan debt stands at $1.66 trillion, reinforcing the demand for scalable solutions that support lenders and borrowers alike.
The enhanced FIS Asset Finance solution integrates origination, servicing, collections, and remarketing within a single cloud-native platform. Its SaaS-based architecture provides scalability, improved efficiency, and compliance support, offering banks, captives, and independent lenders greater operational flexibility.
By simplifying the vehicle financing process for consumers and streamlining operations for lenders, FIS continues to advance its mission to modernise lending infrastructure and respond to evolving market needs.
Key Benefits for Lenders and Borrowers
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Operational Efficiency: Highly configurable automation reduces manual workloads, cuts operational overhead, and accelerates time to value.
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End-to-end Lifecycle Management: Supports origination, credit decisioning, servicing, asset management, and remarketing through one integrated platform.
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Personalised Borrower Experiences: API-driven configurability and digital-first design enable lenders to provide seamless, self-service experiences across all channels, empowering borrowers with 24/7 access.
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Rapid Innovation with Low-code Tools: Built-in extensibility and no/low-code configuration allow quick adaptation to market changes without vendor dependency.
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Continuous Improvement: Ongoing platform updates ensure access to new features, enhancements, and performance improvements with minimal business disruption.
FIS remains committed to driving innovation across the money lifecycle, helping clients build operational agility and adapt to a rapidly changing lending landscape.
