Billon and FIS join forces to explore blockchain solutions
Billon, the UK fintech firm, has signed a letter of intent (LOI) with international financial services tech provider Fidelity National Information (FIS) to integrate blockchain tech solutions.
Billon presents itself as a “civilized blockchain” company, that is it implements blockchain to ultimately process fiat currencies.
FIS, which specializes in banking software and payment processing, will work with Billon to assess the use of Billon’s “distributed architecture for document and identity management” for the FIS international fintech suite.
It will also, according to the company’s press release, “explore joint product development and sales opportunities for its portfolio of corporate blockchain solutions.”
Billon and FIS will also evaluate the potential to work together on corporate and SME payments, as well as micropayments for smartphones and other digital devices.
Earlier this spring, Billion partnered with the largest credit bureau in Central Europe, the Polish Credit Office (BIK), in order to integrate blockchain tech for customer data storage.