FIS has completed its acquisition of Chicago-based fintech Amount, marking a strategic expansion of its digital banking capabilities, according to a Sept. 24 announcement.

Amount specializes in unified, cloud-native account origination and decisioning for deposits, lending and card services. The platform has processed more than 150 million new account applications across consumers and small to midsize businesses.

With the acquisition, FIS plans to integrate Amount’s technology into its digital, core banking and card systems. The goal: offer clients a more seamless, end-to-end digital onboarding experience while boosting growth of deposits, loans and card portfolios, according to FIS’ release.

Stephanie Ferris, chief executive and president of FIS, said the deal accelerates the company’s ambition to lead “the next generation of banking solutions.” The acquisition aligns with FIS’ broader strategy to build modular, cloud-native platforms across the money lifecycle.

Adam Hughes, Amount’s CEO, will join FIS’ banking leadership team. He noted that FIS brings scale, regulatory expertise and infrastructure to help Amount expand its market reach.

Industry observers see the move as a natural evolution: combining FIS’ global footprint with Amount’s digital origination assets. Stewart Watterson, a strategic advisor at Datos Insights, described the acquisition as a “strategic move that enhances digital account origination capabilities” for FIS, according to the release.

In acquiring Amount, FIS adds a digital-native capability to its banking solutions division amid intensifying demand for frictionless, AI-enhanced onboarding in financial services. The unified origination tool addresses customer expectations for seamless digital journeys in an increasingly competitive environment.

Check out our exclusive new bank industry data here.