Fiserv is helping clients , including fintechs and global brands , unlock new revenue streams with solutions that reach virtually every US household
FISERV
Fiserv is helping clients , including fintechs and global brands , unlock new revenue streams with solutions that reach virtually every US household
To anyone well-versed in marketing speak , descriptions of a superlative nature are usually best avoided . Anything that is the ‘ biggest ’, the ‘ most ’, or the ‘ best ’ is usually nothing more than corporate bluster and hype . But no matter which way you slice it , Fiserv is one of the largest and most significant players in financial technology .
First , take its reach : Fiserv does business in more than 100 countries , and , in the US , its products or services reach nearly 100 % of households , either directly or indirectly through a financial institution , fintech , merchant , or biller . Then there ’ s the size of the business : Fiserv has 40,000 associates globally and serves thousands of financial institutions and millions of merchants and consumers . Finally , its impact is reflected in the range of financial solutions and services offered , spanning the full spectrum of banking and commerce .
When Head of Fintech and Growth Sunil Sachdev and President of Digital Payments Matt Wilcox join me to discuss the company ’ s growing focus on open finance , the two are united by a clear common cause . Simply put : leverage the expertise and innovation Fiserv has to help clients continue bringing new financial innovations to market , deepening relationships by adding more value for the consumers and businesses they serve .
Serving clients with innovation and expertise “ Fiserv is in a very privileged position ,” Sachdev says . “ We are the largest core banking provider in the US , the largest digital banking provider , and the largest bill payment and person-to-person payment provider in the country . And that ’ s not to mention the enviable footprint we have as a leading provider of services like merchant acquiring in markets all around the world . “ We have thousands of clients in the financial institution space , and millions of clients in the merchant and small business space . When we think about how we serve those clients every day , it ' s all about earning their trust and ensuring that the products and services they have from us are performing . That ' s paramount .”
The company ’ s success is testament to the transformational impact it has managed to achieve on behalf of its clients . Fiserv has a wide spectrum of clients including financial institutions , fintechs , enterprise merchants , and main-street merchants , as well as corporate entities all looking to increase engagement with their customers . The Fiserv approach to open finance helps define and accelerate its clients ’ ability to innovate with new financial products and experiences , embedded directly at the point of need .
The talented people within the business help tailor approaches to individual clients , working with them to understand their
78 May 2023