Payments General

Fiserv extends partnership with Broadway Bank

Friday 25 January 2013 | 10:45 AM CET

US-based financial services technology company Fiserv has extended its agreement with financial institution Broadway Bank.

Under the agreement, centered on the Signature bank platform for account processing, Broadway Bank has selected an integrated technology suite from Fiserv consisting of solutions for payments, processing services, risk and compliance, business intelligence and customer and channel management.

In addition to Signature, the Fiserv suite for Broadway Bank includes ATM and credit processing, the ACCEL/Exchange Network, InformEnt, EnAct, Nautilus, Aperio, PEP+, Financial Crime Risk Management, Mobile Source Capture, Branch Source Capture, Decision Optimization Solutions and Bank Intelligence, as well as solutions for risk and compliance and item processing. The bank also uses Sageworks for loan portfolio and credit risk management via a technology partnership with Fiserv.

In recent news, Fiserv has acquired Open Solutions, a provider of core account processing technology for financial institutions. The purchase price was USD 55 million and Fiserv assumed approximately USD 960 million of debt.

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