Fiserv expands digital banking offerings to meet growing demand

Banks are investing in their digital banking offerings and Fiserv has launched a new platform to meet those needs. Fiserv launched experience digital, or XD, in September. It provides features like cash flow central, real-time payments and point-of-sale Clover for bank customers, Chief Executive Frank Bisignano said during the company’s third-quarter earnings call today. [caption id="attachment_57376759" align="alignright" width="300"] (Courtesy/Canva)[/caption] The Milwaukee-based company has onboarded a few financial institutions on the platform, Bisignano said. He expects high demand for digital banking solutions to help grow XD and Fiserv in the coming quarters. The $5.5 billion Broadway Bank and $213 million Staley Credit Union are initial XD customers, according to the company. Financial solutions revenue up The company reported Q3 financial solutions revenue of $2.4 billion, up 5% year over year, which includes: Digital payments revenue of $987 million, up 5% YoY; Card issuing revenue of $789 million, up 4% YoY; and Banking solutions revenue of $636 million, up 5% YoY. THE BIG PICTURE : Fiserv is expanding to Asia and Latin America to grow revenues, Bisignano said. Fiserv expanded Clover’s footprint to Asia, Australia, Argentina and Brazil in Q3, he said. “We expect to capture more merchants and revenue opportunities in [new geographies],” Bisignano said. “For example, I see Brazil as a multiyear build and a multiyear ramp, not because we were able to get to all the zip codes or towns ... but because of adoption” among small businesses. BY THE NUMBERS : In Q3, Fiserv reported: Adjusted revenue of $4.9 billion, up 7% YoY; Clover gross payment volume of $311 billion, up 15% YoY; and Merchant solutions revenue of $2.5 billion, up 9% YoY. NOTEWORTHY : Fiserv is targeting retail giants, including Costco , Walmart and Denmark-based Netto , to develop custom solutions like pay by bank and rewards programs, Bisignano said. The company is also developing data-driven solutions for retailers like Exxon Mobil “to extract insights from integrated vendor payments, consumer loyalty and wallet data” to boost sales, Bisignano said. Register here for early-bird pricing for Bank Automation Summit U.S. 2025, taking place March 3-4 in Nashville, Tenn. View the full event agenda here .

Fiserv expands digital banking offerings to meet growing demand

Third-quarter banking solutions revenue up by 5% YoY to $636M

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Fiserv expands digital banking offerings to meet growing demand

Third-quarter banking solutions revenue up by 5% YoY to $636M

MSUFCU’s Ashbrook to join speaker faculty at Bank Automation Summit U.S. 2025

Goldman, Apple to pay $89M after CFPB card probe

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