Core Insights - Fiserv, Inc. has acquired Smith Consulting Group (SCG), enhancing its operational consulting services for community banks and credit unions in the US [1] - The acquisition aims to strengthen Fiserv's position as a provider of core banking and advisory services, facilitating end-to-end transformation for its clients [1][1] - Financial terms of the transaction were not disclosed [1] Company Strategy - The addition of SCG allows Fiserv to embed deeper expertise into its service model, enabling earlier and smarter advisory solutions for financial institutions [1][1] - Fiserv and SCG have been partners for over a decade, indicating a strong historical relationship in supporting community banks and credit unions [1][1] Service Offerings - SCG provides consulting services across various Fiserv banking platforms, including DNA, Signature, and Bank Intelligence [1] - The consulting services focus on banking software system conversions, core operations, customer service, online and mobile banking, and other interfaces [1][1] Industry Position - Fiserv is recognized as a global enabler of payments and financial technology, committed to innovation in account processing, digital banking, and merchant services [1] - The acquisition of SCG aligns with Fiserv's goal to help financial institutions achieve growth with speed, clarity, and confidence [1][1]
Fiserv Announces Acquisition of Smith Consulting Group