Fiserv - Digital Transformation Strategies

Fiserv - Digital Transformation Strategies

Summary

Fiserv offers payments and financial services technology solutions to various clients around the world, including banks, merchants, credit unions, and corporate clients. The company’s main reportable segments are Merchant Acceptance (Acceptance), Financial Technology (Fintech), and Payments and Network (Payments). The Acceptance segment offers several commerce-enabling solutions, which enable businesses to accept payments online or in-person. The segment’s main solutions are Clover, a cloud-based POS and integrated commerce operating system, and Carat, an integrated operating system for large businesses. The Fintech segment offers technology solutions to financial institutions around the world. The segment’s products and services enable financial companies to process customer deposit and loan accounts as well as manage their general ledger and central information files. It also offers digital banking, check processing, and financial and risk management products. Some of the segments key products are Cleartouch, Finxact, DNA, Premier, Precision Signature, and Portico. The Payments segment offers products and services that enable financial institutions and corporate clients to process digital payment transactions. It owns and operates Accel , Star, and MoneyPass networks in the US.

The report provides information and insights into Fiserv's tech activities, including -

• Insights of its digital transformation strategies and innovation programs
• Overview of technology initiatives covering partnerships, product launches, investments and acquisitions
• Insights on each technology initiative including technology theme, objective, and benefits
• Details of estimated ICT budgets and major ICT contracts

Scope

In March 2023, Fiserv introduced a fraud mitigation solution, which helps large merchants effectively fight omnichannel fraud.
Fiserv is leveraging various disruptive technologies, including AI, big data, blockchain, and cloud among others to offer advanced fintech solutions to clients, drive adoption of digital assets and digital banking, and grow its market share.
Fiserv launched Innovation Center @ The Park, a strategic center of excellence for technology and product innovation, in Berkeley Heights, New Jersey (US) in November 2022.

Reasons to Buy

• Gain insights into Fiserv's tech operations.
• Gain insights into its tech strategies and innovation initiatives.
• Gain insights into its technology themes under focus.
• Gain insights into various product launches, partnerships, investments and acquisitions strategies.