Fiserv Named IBM Cognos<font size="-1"><sup>®</sup></font> OEM Partner of the Year for Bank Solutions Business Optimization and Data Analytics Solution BROOKFIELD, Wis., Jun 30, 2009 (BUSINESS WIRE) -- Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial
services technology solutions, today announced that it was chosen as IBM
Cognos "OEM Partner of the Year" for its Business Optimization and Data
Analytics solutions for financial institutions. IBM selected Fiserv as
the top Original Equipment Manufacturer (OEM) from its various partners
in all industries.
Fiserv received the award for architecting and delivering exceptional
value to its customers by leveraging IBM Cognos
®software
to optimize business practices.
"Year in and year out, Fiserv continues to deliver performance
management solutions that solve real problems for its clients. In
addition, this year Fiserv has evolved its strategy and delivered
role-based performance management solutions that have drawn praise from
customers and analysts, and delivered significant sales results," said
Ted Jandl, OEM business unit executive for IBM Cognos software.
The IBM Cognos OEM award recognizes partners who not only meet or exceed
revenue targets through the delivery of IBM Cognos based solutions, but
also provide innovative solutions for their clients that improve
efficiencies and positively impact bottom lines - an obvious necessity
in today's economic environment.
The Business Optimization and Data Analytics solutions are deployed by
nearly 1,000 community banks, utilizing a single platform to perform
both ad-hoc reporting capabilities and executive performance analysis.
One of those clients, Cornhusker Bank, based in Lincoln, Nebraska, with
assets of $318 million, said this product has increased administrative
efficiencies by eliminating the need to manually create reports, such as
monthly updates. "By using this solution, our bank is saving thousands
of dollars and around 32 hours each month in administrative overhead.
That's what business optimization products do," noted Barry Lockard,
president of Cornhusker Bank. "They help you get more 'miles per
gallon,' if you will, for your marketing dollars, your human resource
investment, your technology investment and your overall resources."
"The IBM Partner of the Year award is impressive and gratifying
recognition for Fiserv," said Tom Cypher, president of Bank Solutions,
Fiserv. "This is our third year to receive an award from IBM, and is
further evidence of our leadership and dedication to data analytics, and
of our dramatic success in meeting the needs of our clients. The
benefits they gain by implementing these types of solutions include
increased profits and decreased expenses, which is what we're all about
- creating wealth for our clients."
This is one example of Fiserv's leading role in applying data analytics
in an intuitive format that readily identifies opportunities that can
generate revenue, margin improvement and savings for its clients.
Through its core competency in Business Intelligence and Optimization,
Fiserv is delivering the tools and expertise banks and credit unions
require to analyze financial, customer and market data, gaining valuable
insights and improving their businesses.
About FiservFiserv, 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.
FISV-GSOURCE: Fiserv, Inc.
Media Relations:David CardenSenior Vice PresidentBank SolutionsFiserv, Inc.402-421-4211david.carden@fiserv.comorAdditional Fiserv Contact:Lori Stafford-ThomasAssistant Vice PresidentCorporate CommunicationsFiserv, Inc.262-879-5130lori.stafford@fiserv.com
Copyright Business Wire 2009