Fiserv (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced a strategic partnership with Investance, a global management consulting firm dedicated to the financial services industry.
Investance brings a broad portfolio of services that will complement and strengthen the reach of Fiserv into the global financial services market. As a trusted consulting partner to Fiserv, Investance will gain a unique and in-depth understanding of Fiserv's industry leading technology solutions for reconciliation and financial crime risk management, and advise clients on how best to leverage these recommended solutions.
"Fiserv brings to Investance what we consider to be industry leading solutions for financial crime risk management and reconciliation. We actively pursue strategic technology alliances that support our consulting practice, and Fiserv is another excellent example of the value that we can bring clients through partnership," said Luc-Sorel Om, Partner, Global Head of Transaction Management, Investance. "As financial services organizations continue to transform their businesses to meet risk management, transparency, control and regulatory demands, they need to rely on trusted partners to provide the right mix of technology solutions and consulting services. Fiserv and Investance offer this to financial services institutions worldwide."
The current scope of the partnership includes the FrontierTM enterprise reconciliation solution and the Financial Crime Risk Management platform from Fiserv which includes the award winning AML Manager and Fraud Risk Manager solutions.
The partnership will begin with penetration into the North American financial services market and then roll out to EMEA and the Asia Pacific regions, where both Fiserv and Investance have a significant presence already.
"Our partnership with Investance will help extend our collective product and value added service offerings into the market" said John Filby, president, Risk & Compliance, Fiserv. "Together, we are meeting the need for comprehensive solutions that can help the financial services industry address ever- increasing complexity."
A core competency of the company, Fiserv offers a unique breadth of Risk & Compliance solutions to help clients optimize usage and return on capital by making risk transparent and actionable within their organization. Solution areas include Financial Crime Risk Management, Financial Risk Management, Financial Performance Management and Financial Control Solutions.