![]() ![]() This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the timing of and ability to complete the transactions discussed herein, and the expected impact of the transaction. Visit and follow on social media for more information and the latest company news. Fiserv is a member of the S&P 500® Index and has been recognized as one of FORTUNE World’s Most Admired Companies® for 11 of the past 14 years. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions card issuer processing and network services payments e-commerce merchant acquiring and processing and the Clover® cloud-based point-of-sale and business management platform. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. Its cloud-native banking system provides 100% accessibility to all data and functions via a robust set of modern APIs, empowering banks and their partners to rapidly deliver new experiences by creating products on demand and integrating new services as needed. The Finxact solution is a SaaS platform engineered to support the scale and regulatory requirements of the largest U.S.-based financial institutions. is led by pioneers in banking that have developed the industry’s leading next-gen core banking platform. The transaction is subject to customary approvals and closing conditions and is expected to close later this year.įinxact, Inc. We will be better positioned to serve a far greater number of institutions, of all sizes, when combined with the breadth and depth of Fiserv capabilities." "We recognize that Finxact’s technology can serve to level up the industry’s delivery infrastructure, and crucially at a time when banking is undergoing transformative changes. "Joining with Fiserv is a tremendous opportunity for Finxact," said Frank Sanchez, Chairman and CEO of Finxact. ![]() Whether a financial institution is looking to start a digital brand, provide new products or services, or modernize their core infrastructure, clients will benefit from this addition to the Fiserv technology ecosystem. As financial institutions and companies across all industries around the world embrace new fast-growing digital technology for embedded commerce, finance and payments, Finxact will enable Fiserv to provide clients modern, flexible and highly personalized digital banking experiences.įinxact brings domain expertise and a transformative approach that will enable the company to introduce innovative paradigms in open banking and fintech integrations, enabling clients to dramatically improve the agility of their digital banking operations and significantly reduce time to market for new customer experiences. Finxact can help organizations of all sizes launch new products and digital capabilities with maximum flexibility and scalability via a robust set of modern APIs. Fiserv was an early investor in Finxact and, under the terms of the agreement, Fiserv will acquire the remaining ownership interest for approximately $650 million.įounded in 2016, Finxact provides clients with a modern, real-time and extensible banking solution that empowers financial institutions with enhanced access to their data. The transaction advances the Fiserv digital banking strategy, expanding the company’s leading account processing, digital, and payments solutions, and positioning Fiserv as the partner of choice for clients looking to scale, accelerate and expand the digital banking experiences they deliver to their customers. (NASDAQ: FISV), a leading global provider of payments and financial services technology, today announced it has signed a definitive agreement to acquire Finxact, Inc., developer of the cloud-native banking solution that is powering digital transformation throughout the financial services sector. ![]() Finxact digital banking technology to accelerate innovation across the payment and financial services solutions spectrum for fintechs and financial institutions of all sizesīROOKFIELD, Wis., February 07, 2022-( BUSINESS WIRE)- Fiserv, Inc.
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