Fiserv Recognized in Fin Tech 100 Survey by American Banker
December 28, 2007
Brookfield, Wis., December 28, 2007 - For the fourth consecutive year, Fiserv, Inc. (NASDAQ: FISV) has been named a top leader in the Fin Tech 100, published by Financial Insights and American Banker magazine. The Fin Tech 100 is the world’s only ranking of providers in the financial services industry. It was developed through careful evaluation of vertical technology companies that derived more than one-third of their total annual revenues from sales to financial services industry clients.
This year Fiserv was nudged to the number two slot. Jeff Yabuki, President and CEO of Fiserv, Inc. said, “We appreciate the continuing recognition as being a global leader in providing financial services technology. While we would have preferred to be in the number one spot for the fourth consecutive year, some other industry players were more aggressive in growing through acquisitions. Had the rankings included our acquisition of Checkfree, which closed in December 2007, we would have expected to retain the number one spot with pro-forma revenues approaching $5 billion. We believe we are well positioned for 2008.”
“What matters most is that we have continued to build Fiserv so we have the leading products and services solutions that best enable our clients. That is how we define success, added Yabuki.”
Since it’s formation in 1984, Fiserv has grown into a global organization serving more than 21,000 clients in 66 countries, supported by more than 23,000 employees. Fiserv provides a vast array of software and services solutions to the financial services community including core processing, payment processing, mortgage and lending solutions, credit processing, risk management as well as insurance offerings. In addition, Fiserv is a Fortune 500 Company and for the fourth consecutive year, officially recognized as a top technology leader to the financial services community based on the Fin Tech 100.
To create the Fin Tech 100, Financial Insights and American Banker conducted an arduous primary and secondary research effort throughout the year, examining both vertical market providers as well as horizontal technology providers. Candidates were screened by type of offering, quality of revenue and total percent penetration within the financial services industry. The full report was published in November, 2007 and is available to online subscribers on American Banker’s and Financial Insights web sites.
About Fiserv CBS Worldwide
Fiserv CBS Worldwide is a unit of Fiserv Inc. (NASDAQ: FISV), a Fortune 500 company that serves more than 17,000 clients in 66 countries around the world. Fiserv CBS Worldwide delivers end-to-end business and technology solutions for retail financial organizations, consumer finance institutions and credit unions throughout Europe, Asia-Pacific, Latin America, the Caribbean, Canada and the United States. Through its offices in the USA, UK, Poland, Russia, Singapore, Australia, China, Indonesia, Colombia, Costa Rica and Mexico, Fiserv CBS Worldwide enables financial institutions globally to deliver integrated solutions for managing the entire customer relationship from core banking to multi-channel customer contact and business intelligence. Fiserv CBS Worldwide can be found on the Internet at www.fiservcbs.com.
About Fiserv, Inc. Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management and electronic commerce systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, electronic bill payment and presentment, investment management solutions, business process outsourcing (BPO), software and systems solutions. Headquartered in Brookfield, Wis., the company serves more than 21,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. In 2007, the company completed the acquisition of CheckFree, a leading provider of electronic commerce services. Fiserv and CheckFree had more than $4.5 billion in combined pro forma total revenue for 2006. For more information, please visit http://www.fiserv.com/.
