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Fiserv Is Tops on FinTech 100 Ranking of Tech Companies

Thu. November 05, 2009; Posted: 11:03 PM
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Nov 06, 2009 (Close-Up Media via COMTEX) -- FISV | Quote | Chart | News | PowerRating -- Fiserv, a provider of financial services technology solutions, announced that IDC Financial Insights, an independent and provider of research-based advisory and consulting services, American Banker and Bank Technology News have once again ranked Fiserv as the No. 1 company on the FinTech 100 for 2009, an annual international listing of the top technology vendors from the financial services industry.

Fiserv has been a top provider of this survey every year of the survey's existence, earning the No. 1 position five of the last six years.

"Fiserv embarked on a journey of transformation three years ago, with the objective to focus on providing the financial services industry with best-in-class technology solutions. Even in the midst of a challenging economy, Fiserv is emerging stronger and more innovative than ever before," said Jeffery Yabuki, Fiserv President and Chief Executive Officer. "This prestigious achievement is a testament to the quality and commitment of our 20,000 associates who earn client trust every day."

Nearly two years ago, Fiserv completed its largest acquisition ever, CheckFree, provider of online banking, electronic bill payment and presentment, and in February re-launched Fiserv with a new one Fiserv structure, go-to-market strategy and brand.

"One of our important objectives is to help our clients win in the digital transformation of financial services," said Yabuki. "The technology landscape will change dramatically over the next five years. Consumers in every geography will have an unprecedented level of empowerment to connect with financial services providers, and how and where they make payments with channels such as online, mobile, person-to-person, in addition to more traditional forms of banking. There will also be changing models in how these services are delivered to banks, credit unions and brokerage firms. Fiserv sees significant growth opportunities as financial institutions look to outsource some aspects of their technology, as innovative partners are engaged from research and development through implementation to fill the needs of these consumers."

"Fiserv is a perennial provider of the FinTech 100. This has been a challenging year for many of the companies we have been tracking, but we have observed that financial services technology providers can lead the industry forward by ever seeking efficiency and ways to monitor and reduce, yet still remain flexible to evolve and plan for the marketplace and its shifting delivery channels in order to survive and thrive," said Jeanne Capachin, research vice president of global banking for IDC Financial Insights.

((Comments on this story may be sent to newsdesk@closeupmedia.com))

For full details on Fiserv Inc (FISV) click here. Fiserv Inc (FISV) has Short Term PowerRatings of 5. Details on Fiserv Inc (FISV) Short Term PowerRatings is available at This Link.

    


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