Fiserv, Inc, a leading US global fintech
Fintech
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices.
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices.
Read this Term and payments
Payments
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
Read this Term company, announced today that it has appointed Dylan G. Haggart to the company’s Board of Directors. Additionally, the popular fintech company disclosed that it agreed to nominate Haggart for election to the Board at its next annual meeting of shareholders.
Haggart currently serves as a Partner of ValueAct Capital, where he has worked collaboratively with the management teams and boards of directors of other firms on matters such as capital structure, talent management, mergers and acquisitions, as well as strategy since 2013. In addition, he serves as a Director of Seagate Technology plc, where he is a member of the compensation committee.
Haggart is a global business leader with more than 15 years of commercial, financial, strategic and operational leadership experience across multiple industries.
Before joining ValueAct Capital in July 2023, Haggart worked as a private equity investor at TPG Capital, an investment advisory company, focusing on North American buyouts. Before moving to TPG Capital, Haggart worked at Goldman Sachs in the Investment Banking Division.
He holds a B.A. with distinction from the Richard Ivey School of Business at the University of Western Ontario.
Denis O’Leary, the Chairman of the Board of Directors of Fiserv, said: “We are pleased to welcome Dylan to the Fiserv Board. He brings valuable perspective to the Board, and we look forward to benefiting from his contributions and experience as we drive long-term profitable growth and value creation for all of our stakeholders.”
Meanwhile, Haggart commented: “Fiserv is one of the world’s most important financial technology platforms with tremendous long-term potential. The company is in the midst of a transformation centered around innovative, next-generation offerings that better serve clients and will accelerate profitable growth. It’s a great pleasure and honor to deepen my relationship with the Fiserv management team and Board as they drive growth and value for all shareholders.”
Providing Financial Solutions to Clients
Established in 1984, Fiserv continues to partner with individuals and firms to monetize platforms and networks that move the world forward.
Early this month, Fiserv signed an agreement to acquire Finxact, one of the most rapidly rising firms in the digital banking ecosystem. Finxact is a core-as-a-service platform that offers payments and financial services technology solutions to banks and other financial firms like credit unions, among others. Fiserv considered Finxact’s acquisition as a vital step towards the company’s digital banking strategy. Through Finxact, Fiserv is supporting customers with customized and flexible digital banking experiences.
In September last year, Fiserv announced plans to expand its presence in New Jersey. The fintech firm revealed plans to develop a new campus that will serve as a strategic hub for technology and product innovation. The company stated that its partners from various institutions such as fintech firms, merchants and other financial firms would use the center for innovation purposes.
Fiserv, Inc, a leading US global fintech
Fintech
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices.
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices.
Read this Term and payments
Payments
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
Read this Term company, announced today that it has appointed Dylan G. Haggart to the company’s Board of Directors. Additionally, the popular fintech company disclosed that it agreed to nominate Haggart for election to the Board at its next annual meeting of shareholders.
Haggart currently serves as a Partner of ValueAct Capital, where he has worked collaboratively with the management teams and boards of directors of other firms on matters such as capital structure, talent management, mergers and acquisitions, as well as strategy since 2013. In addition, he serves as a Director of Seagate Technology plc, where he is a member of the compensation committee.
Haggart is a global business leader with more than 15 years of commercial, financial, strategic and operational leadership experience across multiple industries.
Before joining ValueAct Capital in July 2023, Haggart worked as a private equity investor at TPG Capital, an investment advisory company, focusing on North American buyouts. Before moving to TPG Capital, Haggart worked at Goldman Sachs in the Investment Banking Division.
He holds a B.A. with distinction from the Richard Ivey School of Business at the University of Western Ontario.
Denis O’Leary, the Chairman of the Board of Directors of Fiserv, said: “We are pleased to welcome Dylan to the Fiserv Board. He brings valuable perspective to the Board, and we look forward to benefiting from his contributions and experience as we drive long-term profitable growth and value creation for all of our stakeholders.”
Meanwhile, Haggart commented: “Fiserv is one of the world’s most important financial technology platforms with tremendous long-term potential. The company is in the midst of a transformation centered around innovative, next-generation offerings that better serve clients and will accelerate profitable growth. It’s a great pleasure and honor to deepen my relationship with the Fiserv management team and Board as they drive growth and value for all shareholders.”
Providing Financial Solutions to Clients
Established in 1984, Fiserv continues to partner with individuals and firms to monetize platforms and networks that move the world forward.
Early this month, Fiserv signed an agreement to acquire Finxact, one of the most rapidly rising firms in the digital banking ecosystem. Finxact is a core-as-a-service platform that offers payments and financial services technology solutions to banks and other financial firms like credit unions, among others. Fiserv considered Finxact’s acquisition as a vital step towards the company’s digital banking strategy. Through Finxact, Fiserv is supporting customers with customized and flexible digital banking experiences.
In September last year, Fiserv announced plans to expand its presence in New Jersey. The fintech firm revealed plans to develop a new campus that will serve as a strategic hub for technology and product innovation. The company stated that its partners from various institutions such as fintech firms, merchants and other financial firms would use the center for innovation purposes.
Source: https://www.financemagnates.com/executives/fiserv-announces-appointment-of-dylan-haggart-to-board-of-directors/