February 27 – Fiserv, Inc., a leading global provider of financial services technology solutions, announced today that Credit Union of Southern California (CU SoCal) a $1.2 billion, 92,000 Member credit union based in Anaheim, has selected the Architect digital banking platform. Architect will enable CU SoCal to deliver a unified digital banking experience, meeting the needs of today’s connected consumers and facilitating the growth plans of the credit union. The real-time integration of Architect into the credit union’s core account processing platform and the fact that Architect is a hosted solution that does not require extensive onsite support were also key factors in the selection.
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February 14 – -Fiserv, Inc., a leading global provider of financial services technology solutions, has been named a winner of the first-ever Technology Association of Georgia (TAG) Fintech ADVANCE Awards. The award recognizes the company’s ability to bring measurable results to the financial industry through innovative solutions. It is the most recent in an impressive array of accolades received by Fiserv clients and solutions during the last year.
CECL: The need for data – And its impacts across the institution
The Financial Accounting Standards Board (FASB) has introduced the new Current Expected Credit Loss (CECL) standard to better understand the credit risk associated with the portfolio and reporting on financial instruments in financial statements. A successful implementation of CECL requires better integration between accounting and risk management and access to an expanded historical data set to calculate credit reserves. CECL creates a waterfall effect for financial accounting and the budgeting and planning teams.
CFO’s, Controllers, Financial Accountants and Asset Liability Managers should join Fiserv experts for an educational and informative discussion to learn how your institution will not only need a more complete view of your portfolios, but a data strategy to manage the new process across all risk, compliance and accounting disciplines that span the financial institution.
Featured Presenter: Tom Caragher, Product Manager, Fiserv
December 12 – -Fiserv, Inc., a leading global provider of financial services technology solutions, has entered into a definitive agreement to acquire Atlanta-based Online Banking Solutions, Inc. (OBS). Through this acquisition, Fiserv will gain additional cash management and digital business banking capabilities, which complement and enrich its existing solutions.
December 12 – -Fiserv, Inc., a leading global provider of financial services technology solutions, has announced the return of Season of Giving, a cause marketing campaign benefitting the 501(c)(3) nonprofit organization Good360. Now through December 31, each time a participating financial institutions’ accountholders receive an e-bill, or use bill pay, Popmoney® or Popmoney: Charitable Giving via online or mobile banking, they are entered to win one of six cash prizes of up to $10,000. Fiserv will also make a total $45,000 donation to national nonprofit Good360 as part of the Season of Giving.
December 6 – -Fiserv, Inc., a leading global provider of financial services technology solutions, has announced that First Financial Bank in Bessemer, Alabama, has selected Fiserv as its new technology partner. The bank was looking for a partner with a strong investment in research and development, innovative solutions and a high level of client support.
November 17 – Fiserv, Inc., a leading global provider of financial services technology solutions, has announced enhancements to its Unified Wealth Platform. A new user experience and interface developed by Fiserv allows financial advisors and operations professionals to more efficiently and quickly access the tools they need to support and manage multiple managed account programs.
November 3 – Fiserv, Inc., a leading global provider of financial services technology solutions, and CrowdStrike, the leader in next-generation endpoint protection, announced an agreement to add CrowdStrike’s SaaS-based endpoint protection technology to the multi-layered SentrySM Cyber Security offerings from Fiserv. With CrowdStrike Falcon™, Fiserv clients can prevent, detect, and respond to malicious cyber threats in real-time, helping customers stop breaches.
Fiserv Inc., a leading global provider of financial services technology solutions, announced that Farm Credit Services of America, based in Omaha, Neb., has selected the DNA account processing platform from Fiserv to support its diverse agricultural lending operations, gain greater insight into customer data, and expand its financial reporting capabilities. (more…)
September 19 – Fiserv Inc., global provider of financial services technology solutions, announced the latest advancements for Payment Fraud Manager. With a new, advanced predictive scoring model specific to Automated Clearing House (ACH) transactions, Payment Fraud Manager detected more than 90 percent of fraud while reviewing only two percent of the transactions, according to Fiserv model validation tests. Built to help financial institutions detect and stop fraudulent electronic payments in real time, Payment Fraud Manager is one of the industry’s most advanced fraud prevention solutions for electronic funds transfers (EFT) across all major settlement channels, including SEPA, SWIFT, Fedwire and ACH.