FirstRand Builds Risk Strategy with Fiserv KRM

June 24, 2009
FirstRand Builds Risk Strategy with Fiserv KRM

Brookfield, Wis., June 24, 2009 - Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced that FirstRand Banking Group, one of South Africa's largest financial institutions, has selected the Fiserv KRM solution to enhance its risk management processes in asset/liability management (A/LM), liquidity and funds transfer pricing to replace its existing legacy application.

"Fiserv has extensive knowledge and expertise in this industry and has a strong reputation for delivering on time and on budget. This is why Fiserv KRM was the obvious choice," said Jaco van der Walt, head of macro portfolio management at FirstRand.

Fiserv KRM enables the bank to assess risk on an integrated basis across A/LM, liquidity and credit, and it breaks the traditional paradigm that views risk in silos. This fits comfortably with FirstRand's integrated approach to balance-sheet management.

Fiserv was recently recognized for innovation in the credit risk and asset/liability space in Credit magazine's 2008 Technology Innovation Awards and in Risk magazine's 2008 Risk Technology Rankings survey.

About Fiserv
Fiserv, Inc. (NASDAQ:FISV) is the leading global provider of information management and electronic commerce systems for the financial services industry, driving innovation that transforms experiences for financial institutions and their customers. Ranked No. 1 on the FinTech 100 survey of top technology partners to the financial services industry, Fiserv celebrates its 25th year in 2009. For more information, visit www.fiserv.com.

For more information contact:

Media Relations:
Julie Nixon
Public Relations Manager
Financial Institution Services Group
Fiserv, Inc.
+1-678-375-3744
julie.nixon@fiserv.com

Additional Fiserv Contact:
Lori Stafford-Thomas
Assistant Vice President
Corporate Communications
Fiserv, Inc.
+1-262-879-5130
lori.stafford@fiserv.com