New Fiserv CEO Talks First Data Merger and Post Covid Financial World

New Fiserv CEO Frank Bisignano is set to take over in July and has quite the to do list ahead of him; he is tasked with making $1.2bn of cost cuts and $500mn in new revenue streams shareholders have been promised will come from the First Data merger; Bisignano sat down with American Banker to talk about his vision and what the financial world is set to look like after the pandemic ends; the conversation touches on how the company is handling the crisis both internally and externally as they work with clients; they added functions to their Clover platform to allow merchants to apply for PPP and partnered with SBA banks to get them loans; the First Data merger was a large focus of the interview with both executive teams working seamlessly and selflessly to get the best deal done for all parties; the conversation also talks about frustrations from banks about core vendors, innovation the company is working on and the opportunities that will inevitably come out of the pandemic. American Banker

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