Fear Not, FIs: the FiServ/FirstData merger doesn't have to stifle innovation

Posted by Lee Farabaugh on Jan 30, 2019 8:13:08 AM

Fiserv is spending $22 billion to acquire First Data in a deal to build Fintech scale. What does this mean for Fiserv’s core banking clients? While they’re likely to benefit from the combination of financial technology and payment processing giants in the long run, in the short term many banks and credit unions are worried that disruption is likely to result from the massive integration and cost-cutting effort the two firms will be embarking on.

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Topics: core banking, fintech, banking, Development, featured, integrations, Services

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