Through this acquisition, Fiserv will gain additional cash management and digital business banking capabilities to boost its existing solutions.
OBS cash management capabilities are designed for digital channels, have easy-to-use interfaces and enable notification and authentication via smartphones, tablets and wearable devices. A single platform facilitates a unified experience across multiple devices, while integrated security and analytics offer enhanced fraud prevention.
In addition to cash management, OBS provides a secure browser that functions as a gateway to applications provided by financial institutions to their commercial customers.
OBS products are currently integrated across a number of Fiserv solutions and with other core processing platforms. OBS product integration is currently available across Fiserv core account processing platforms such as Signature, Premier and Cleartouch, and post-closing will include DNA.
The transaction is subject to customary closing conditions and is expected to close before the end of 2016. Financial terms have not been disclosed.
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