Financial institutions

Fiserv empowers financial institutions to better manage strategic risk through data-driven decision-making

BROOKFIELD, Wis.–(BUSINESS WIRE)–Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payment technology solutions and financial services, enables financial institutions to leverage data to gain forward-looking insights into business operations and manage governance and operational risk. Fiserv focuses on integrating systems of record with analytical modeling tools, enabling financial institutions to combine previously siled data from across the enterprise into an actionable strategic decision management platform. The company’s two most recent partnerships in this space, with Strategic Risk Associates (SRA), a leader in risk and performance management technology solutions and risk management consulting services, and Moody’s Analytics, a provider of industry-leading financial intelligence and analytics tools to help business leaders make better decisions, faster, expands its existing data-driven offerings.

“The secret sauce to an effective decision management platform is turning good data into insights. This requires integrating systems of record such as core platforms and payment systems with analytical modeling capabilities, and then making that information readily available to decision makers at financial institutions,” said Danny Baker, vice President of Market Strategy at Fiserv. “We do the heavy lifting for our customers by partnering with vendors such as SRA and Moody’s Analytics to ensure that reliable, real-time source data from major Fiserv platforms, financial accounting solutions and payment solutions and channels are available seamlessly within a strategic framework. risk management platform and dashboard toolkit.

The Fiserv approach combines best-in-class offerings in financial planning and analysis (FP&A), profitability and risk management, leveraging Fiserv’s Prologue™ financial accounting suite as its cornerstone. Through an existing partnership with Syntellis for FP&A and profitability, and now SRA and Moody’s Analytics for governance and enterprise risk management, Fiserv is developing integrations and connections that allow customers to go from simply measuring from business performance to predictive analytics that empower decision makers at financial institutions. .

Importantly, these partnerships greatly simplify the ability of financial institutions to leverage secure, accurate, and timely data from their systems of record.

The integration of the SRA Watchtower integrated risk management platform into Fiserv’s banking solutions portfolio will provide Fiserv customers with real-time, actionable risk intelligence through an advanced software-as-a-service (SaaS) solution.

The biggest catalyst for making good data effective and efficient is the integration of a system of record with analytical modeling, further linked to a business strategic decision-making platform. Watchtower simplifies the entire process, measuring performance against a financial institution’s risk appetite and stated strategic objectives, while bringing together key performance indicators (KPIs) and key risk indicators (KRIs) ) to implement the best strategies.

“Financial institutions need to make fast, informed, and sound decisions,” said Michael B. Glotz, co-founder and CEO of Strategic Risk Associates. “Together with Fiserv, we will enhance our risk management solutions and data analytics to optimize decision-making processes for our joint customers. Our goal is to offer a cutting-edge digital risk office to help financial institutions achieve their risk management, growth and profitability goals.

The collaboration between Fiserv and Moody’s Analytics builds on the track record and risk management expertise of both companies. Fiserv customers can license Moody’s Analytics’ powerful OnlineALM solution which integrates traditional forecasting and interest rate risk with liquidity risk management, remittance pricing, investment management and business reports. Financial institutions can also use economic scenarios to gain insight into several possible futures. A SaaS deployment model will allow financial institutions to streamline their operations as it requires no infrastructure investment or maintenance.

“Economic uncertainty is the main reason why most financial institutions stress test their balance sheets and income statements to see if they can survive the financial crisis,” said Ed Young, senior director at Moody’s Analytics. “Full transparency and advanced modeling techniques provide key metrics for financial institutions to make better business decisions faster, which is the hallmark of our unique set of data, analytics and insights solutions.”

“Ultimately, these partnerships expand the decision management capabilities that Fiserv offers financial institutions,” said Tracey Brown, senior vice president of decision management solutions at Fiserv. “It allows them to maximize the value of data and analytics technologies, maintain operational resilience, and grow.”

In a world that’s changing faster than ever, Fiserv helps clients deliver solutions that align with the way people live and work today – financial services at the speed of life. Learn more at fiserv.com.

About Strategic Risk Associates

Strategic Risk Associates (SRA) is a technology solutions provider and risk management consulting firm serving the financial services, insurance and technology industries. SRA’s proprietary technology and methodology was designed and built by “bankers for bankers”, enabling clients to manage risk and drive growth. SRA Watchtower is an intuitive risk intelligence and performance management platform designed to continuously inform, enlighten and empower bank executives and boards. The SRA has helped hundreds of banks navigate significant risk events efficiently since the 2008 financial crisis. Learn more here.

About Moody’s Analytics

Moody’s Analytics provides financial intelligence and analytical tools to help business leaders make better decisions, faster. Our deep risk expertise, vast information resources and innovative application of technology help our clients navigate a changing market with confidence. We are known for our industry-leading and award-winning solutions, comprised of research, data, software and professional services, assembled to deliver a seamless customer experience. We create trust in thousands of organizations around the world, through our commitment to excellence, our open-minded approach and our focus on meeting customer needs. For more information about Moody’s Analytics, visit our website or connect with us at Twitter and LinkedIn.

Moody’s Analytics, Inc. is a subsidiary of Moody’s Corporation (NYSE: MCO). Moody’s Corporation posted 2021 revenue of $6.2 billion, employs more than 14,000 people worldwide, and maintains a presence in more than 40 countries.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in ways that move the world. As a global leader in payments and fintech, the company helps its customers achieve the best results through a commitment to innovation and excellence in areas such as account processing and digital banking solutions; card issuer network and processing services; Payments; e-commerce; acquiring and processing merchants; and the Clover® cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500®, FORTUNE® 500, and has been recognized as one of the FORTUNE® World’s Most Admired Companies for 11 of the past 14 years and named one of the World’s Most Innovative Companies by Fast Company for two consecutive years. years. Visit fiserv.com and follow us on social media for more information and the latest company news.

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