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Deals & People October 16, 2007
Fiserv Announces Acquisition of BancIntelligence
Fiserv, Inc., a provider of information technology services to the financial industry, has announced it has acquired BancIntelligence, an online advisory solution for financial institutions.
Reported by Rebecca Moore
BancIntelligence, founded in 2000 and based in Atlanta, provides banks of all sizes continuous online access to bank financial and market analysis, according to the announcement. Bank executives use the BancAnalyst Financial and BancAnalyst Market online tools to enhance their strategic and tactical planning.
The tools deliver real-time custom analyses to identify where banks can best allocate their resources to optimize profitability and franchise growth. The online analysis tools are provided in combination with expertise delivered via the web by BancIntelligence’s senior bank strategists.
BancIntelligence founder Steve Cotton and the entire management team will remain with the business as it moves to Fiserv, the announcement said.
“This combination will advance our client reach, accelerate product development and expand our base of recommended solutions. Given the scale of Fiserv’s client base we see significant opportunities to help many more clients enhance their ability to both plan and compete most effectively through our tools and advice,’ said Cotton.
More about BancIntelligence can be found at www.bancintelligence.com and more about Fiserv is at www.fiserv.com.
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