Fiserv closes Monitise acquisition

Source: Fiserv

Fiserv has completed its acquisition of Monitise plc, further expanding its digital technology suite to enable financial institutions worldwide to meet customer expectations for innovative digital banking experiences.

The Monitise portfolio of digital solutions helps some of the world's most trusted financial institutions design, build, run and deliver innovative digital banking experiences. Through this acquisition, Fiserv expands its suite of technologies that enable financial institutions to meet rapidly evolving consumer expectations for financial services.

Monitise technology includes FINkit, a comprehensive cloud native solution built specifically for financial institutions that want to accelerate the delivery of their digital strategies. It is designed with a services architecture enabling clients to maximize innovation and speed to market.

"Monitise has been a global pioneer and innovator in digital banking for more than a decade," said Jeffery Yabuki, President and Chief Executive Officer, Fiserv. "Combining its talented associates and advanced technologies with leading digital solutions from Fiserv will expand our clients' ability to provide differentiated experiences to their customers."

FINkit is expected to accelerate the integration of existing online and mobile banking capabilities and user experiences into a newly enhanced digital platform resulting in improved speed to market of new features, while targeting a lower total cost of ownership.

"We are proud of the talented people and innovative technology solutions across the Monitise businesses," said Lee Cameron, Chief Executive Officer, Monitise. "Fiserv is well-positioned to carry this business forward given its strength in digital banking and extensive client network. We are confident that Monitise clients will be served well by Fiserv and its long-standing commitment to creating value for its clients." 

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This content is contributed or sourced from third parties but has been subject to Finextra editorial review.

Comments: (1)

Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune 04 September, 2017, 15:45Be the first to give this comment the thumbs up 0 likes

I guess it's only of academic interest whether the acquisition value was £70M or £75M.

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