FIS has made three hires in recent months as it seeks to grow the North American sales footprint of its corporate supply chain finance business.

The US tech giant, which bought Demica in early 2025 for a reported US$300mn and incorporated the platform into its suite of products, has bolstered its team with the appointment of securitisation expert Frank Tallerico (pictured) last month.

Tallerico joined from the Structured Finance Association, where he was director of asset-backed securities policy. He previously held securitisation and structuring roles at organisations including Macquarie Group and Nord LB.

This followed the April additions of Todd Morgan and Kellen Bates, who joined FIS’ supply chain finance team as working capital advisors.

Morgan was previously a director at institutions including Corpay and US Bank, while Bates joins from working capital platform Raistone, which folded in January. He was previously worked as a contracts sourcing and procurement agent at Boeing.

Head of North America origination, Andrew Holmes, who was part of the original Demica team, told GTR FIS was “able to invest in us and grow the business in a way that we weren’t able to before”.

“It was always just me as the salesperson in North America, and now I’ve got an entire team, so it’s very exciting.”

Holmes said the supply chain finance sales team is now six people “who are working with our existing clients, as well as prospects, to help to help structure, distribute, and automate receivables and payables financing transactions”.

Funding capacity for supply chain finance deals remains strong, Holmes said. FIS is targeting sub-investment-grade deals that he said banks avoid.

Alongside the corporate advisory, FIS has maintained Demica’s other business line of white-labelling supply chain finance software for banks.