Fiserv Acquisition Shows Threat of Fintech

Fiserv‘s acquisition of First Data points to the power of fintech and the threat it poses to more traditional payments and banking technology providers; fintech firms like Stripe and Square have put immense pressure on merchant processors like First Data to become more technology focused; Fiserv knows by acquiring First Data they can build a powerful competitor and the companies announced they will invest $500mn in development over the next five years; the move will allow Fiserv to offer a full suite of merchant products to their long list of banking clients and better position the company against competing, more nimble fintechs.  Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments