Fiserv’s pending acquisition of ACI Worldwide’s Community Financial Services business represents an opportunity for the Brookfield, Wis.-based core processor to gain new credit union clients and compete with Internet banking providers, according to a financial consultant with Cornerstone Advisors.
The newly acquired assets will provide Fiserv’s customers with a suite of digital banking and electronic payments solutions, including Architect Banking, which supports online, mobile and tablet banking for retail financial institution and small business customers on a single platform.
As community banks and credit unions look to increase online and mobile banking options for their customers and members, technology providers partnering with these financial institutions are working to increase their product and solutions options. In some cases, acquisitions make sense, particularly for companies looking to focus their attention on specific technologies and markets. This is particularly so for FIs looking to offer more cost-effective choices for users, while compressing the amount of time it takes to bring new solutions to market.
Overview by Ed O’Brien, Director, Banking Channels Advisory Service at Mercator Advisory Group
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