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FIS launches Lyric, new platform to enable banks to control their digital money

FIS (FIS) announced Lyriq, a platform that enables banks to issue, manage, and settle their own digital money- including tokenized deposits and digital currencies – while keeping those deposits on bank balance sheets. The platform is designed for regulated financial institutions. Lyriq was built from the ground up to meet bank and regulatory standards, with compliance, identity verification, and audit controls embedded into the platform itself.

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