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Fiserv, the Savings Bank of Danbury and Greylock Federal Credit Union
participate in University of Connecticut School of Business' Financial
Accelerator Program
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ConnecticutGovernor Malloy praises Financial Accelerator Program for
connecting area students with local business leaders to foster
innovation
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Participating students will develop a business case for enhancing the
millennial banking experience through leading-edge technology from
Fiserv
BROOKFIELD, Wis. & HARTFORD, Conn.--(BUSINESS WIRE)--
Fiserv
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, and the University
of Connecticut School of Business, one of the top public business
schools in the nation, today announced that Fiserv is participating in
the university's Financial Accelerator Program to help educate students
and foster innovation.
The Financial Accelerator Program was established in 2002 to create
opportunities for UConn students and faculty to apply classroom concepts
to real business challenges. With the Fiserv initiative, UConn MBA
students are collaborating with area business leaders from Fiserv and
two of its clients, the Savings Bank of Danbury and Greylock Federal
Credit Union, to explore how financial institutions can attract and
serve Gen Y consumers using state-of-the-art banking technology.
"The Financial Accelerator Program at the University of Connecticut
School of Business shines a spotlight on the exciting and innovative
career opportunities available to students in the state," said
Connecticut Governor, Dannel P. Malloy. "Collaborations like this, which
bring the leaders of tomorrow together with the leaders of today, foster
the innovation and opportunity that help make Connecticut such an
attractive place to live and work."
The initiative, which launched during the Spring 2014 semester,
introduces UConn MBA students to the DNA™ account processing platform
from Fiserv. DNA is a modern, enterprise-wide software platform that is
relied upon by hundreds of banks and credit unions, including Savings
Bank of Danbury and Greylock FCU, for transaction processing, data
management and customer relationship management. DNA offers a unique
development toolkit - DNAcreator™ - that allows users to create
seamlessly integrated applications called DNAapps™
that extend the platform in new and powerful ways. At the conclusion of
the Financial Accelerator Program, UConn students will present a
business case for creating a new DNAapp that DNA users like Savings Bank
of Danbury and Greylock FCU can use to enhance the millennial banking
experience.
"DNA from Fiserv incorporates the latest industry standard tools and
languages currently being taught at UConn and other leading universities
where banks and credit unions can find a deep and talented pool of
software engineers," said Steve Cameron, president, Open Solutions
Division, Fiserv. "By partnering with some of our region's brightest
minds at UConn, the Savings Bank of Danbury and Greylock Federal Credit
Union, Fiserv is investing in the local community and continuing to
build on our vision to drive the global digital transformation of
financial services."
The students are working with Savings Bank of Danbury, Greylock FCU and
Fiserv associates to ensure their proposal is both viable and
compelling. After completing their research, idea development and return
on investment (ROI) analysis, the students will present their findings
to Fiserv associates. Fiserv and UConn anticipate the program continuing
into the Fall semester with a new group of students to execute the
business plan using DNAcreator to build the proposed DNAapp.
"This collaboration allows our students to use the knowledge, research
skills, innovative thinking, and work ethic they're acquiring at UConn
in a very welcoming business environment provided by Fiserv," said UConn
Professor Michel Rakotomavo, faculty advisor for the project. "They have
invaluable access to and interactions with executives from the
partnering organizations and benefit from those organizations' resources
and information, making the experience truly distinctive in higher
education."
Additional Resources:
About University of Connecticut Business School
Founded in 1941, the UConn School of Business has evolved into one of
the most comprehensive business schools in the nation, offering academic
programs at the bachelors, masters, doctorate and advanced certificate
levels, in five Connecticut locations - Storrs, Hartford, Stamford,
Torrington and Waterbury. The School of Business has established a
strong reputation for high quality research and academic programs,
spanning a wide array of functional disciplines - Accounting, Finance,
Management, Marketing, and Operations and Information Management.
About Savings Bank of Danbury
Savings Bank of Danbury was established in 1849, and is headquartered at
220 Main Street, Danbury, Connecticut. A mutual savings bank with assets
in excess of $800 million, Savings Bank of Danbury has 13 branch offices
located in Bethel, Brookfield, Danbury, New Fairfield, New Milford,
Newtown, Southbury and Waterbury. Savings Bank of Danbury is committed
to the communities it serves and to providing exceptional products and
services to both its personal and business customers.
About Greylock Federal Credit Union
Greylock membership is open to anyone who lives, works, attends school,
worships or regularly conducts business in Berkshire County,
Massachusetts. With assets over $1 billion, Greylock Federal is wholly
owned by its more than 70,000 members and offers full-service branches
in Pittsfield, Great Barrington, Lee, Adams, North Adams, Williamstown
and Lanesborough. Greylock's family of businesses includes Greylock
Insurance Agency, Greylock Investment Group, Greylock Marketing Group,
Greylock Technology Group and Greylock's Employee Benefits Services.
More information is available online at www.greylock.org.
About Fiserv
This year, Fiserv Inc. (NASDAQ: FISV) celebrates 30 years of leadership
in financial services technology. As one of FORTUNE® magazine's
World's Most Admired Companies, Fiserv is helping clients worldwide
achieve best-in-class results by driving innovation in payments,
processing services, risk and compliance, customer and channel
management, and business insights and optimization. For more
information, visit www.fiserv.com.
FISV-G
Fiserv Media Relations:
Julie Smith
Public Relations
Manager
Fiserv, Inc.
412-577-3341
julie.smith@fiserv.com
or
UConn
Media Relations:
Steve Criss
Marketing & Communications
Administrator
University of Connecticut
860-486-5333
steve.criss@uconn.edu
Source: Fiserv Inc.
News Provided by Acquire Media