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Fiserv’s Newest Acquisition Deepens its Business Banking Capabilities

Fiserv’s Newest Acquisition Deepens its Business Banking Capabilities

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Financial services technology company Fiserv has agreed to acquire Online Banking Solutions, an Atlanta-based company that specializes in providing online business banking technology to U.S. commercial banks and credit unions. Terms of the deal were not disclosed.

The Online Banking Solutions cash-management platform offers a single user interface that enables cash management functionality for digital channels and acts as a secure gateway to access other bank-provided applications. Fiserv CEO Jeffery Yabuki anticipates the new capabilities garnered from the acquisition will help bank clients “provide greater value to their commercial customers through sophisticated cash-management solutions when and where they need them.”

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The acquisition is subject to closing conditions and is expected to be finalized before the end of 2016.

At FinovateFall 2016 the company showed off its Mobiliti Enterprise solution that integrates traditional loan applications with a bank. In September, Fiserv marked 30 years of service as a publicly traded company, celebrating the occasion by ringing the opening bell on Nasdaq. Most recently, the company updated its Unified Wealth Platform to allow advisers to access client account management tools more conveniently. Fiserv is headquartered in Wisconsin and was founded in 1984.