Fiserv Inc. (FI) Strengthens Core Banking Prospects with SCG Acquisition

Fiserv Inc. (NYSE:FI) is one of the best beaten-down technology stocks to buy, according to analysts. On September 25, the company confirmed the acquisition of Smith Consulting Group (SCG). The acquisition is poised to strengthen the company’s operations in offering core banking and advisory services. It will also enhance the company’s ability to deliver end-to-end transformation for community banks and credit unions.

Fiserv Inc. (FI) Strengthens Core Banking Prospects with SCG Acquisition

The two companies have been long-standing partners in supporting community banks and credit unions. By merging, they are poised to bring more expertise in-house and expand their ability to advise earlier, delivering smarter solutions. Likewise, the merger underscores the companies’ commitment to helping financial institutions achieve growth with speed, clarity, and confidence.

“Large-scale transformation requires strategic planning and execution across the full suite of applications used to deliver services and experiences to a bank’s customers,” said Darren Smith, Founder and CEO of Smith Consulting Group. “We look forward to pairing our technical acumen and industry expertise with Fiserv’s leading technology platforms to ensure our clients’ success throughout these highly complex projects.”

Fiserv Inc. (NYSE:FI) is a global financial technology and payments company that provides a wide range of services for banks, credit unions, merchants, and consumers. Its offerings include payment processing, digital banking solutions, account processing, e-commerce tools, and the Clover® POS system.

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Disclosure: None. This article is originally published at Insider Monkey.