Financial technology giant FIS has welcomed two hires, Allen Blankenship and Douglas Salom, as it continues to expand its North America supply chain finance business. They’ll both join the North America sales arm of FIS’s new Supply Chain Finance platform – which was formerly Demica, acquired by FIS in February this year – and report to head of origination in the region, Andrew Holmes. This new position will see him oversee collaborations with banks and other FIs for white label use of FIS Supply Chain Finance’s approved payables financing, receivables financing and securitisation platforms. Demica provided a multi-funder platform for payables and receivables finance, with a focus on corporates with large, complex receivables portfolios. “The acquisition of Demica by FIS creates an enormous opportunity for our business, now known as FIS Supply Chain Finance,” Holmes tells GTR.