Fiserv Thought Leaders to Provide Market-leading Insight during Presentations at Sibos
Brookfield, Wis., September 15, 2009 - Sibos Booth #3C03 - Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced that in addition to exhibiting, the company will deliver two presentations this week at Sibos 2009 in Hong Kong. Nick Wilde, managing director of Asia Pacific for Bank Solutions, Fiserv, will speak on the topic, "Banking the Unbanked with Mobile Solutions," which will take place on Tuesday 15 September at 15.30 in Exhibition Hall 1. Paul Thomas, managing director of International Operations for Investment Services and client Terry Gibson, Senior Vice President & Head of Product Management, Market Services for Singapore Exchange, will present a case study, "Pre-Settlement Matching: Innovating Mission Critical Market Infrastructure Through the Delivery of Integrated Post-Trade Services" on Wednesday 16 September, 14:00 in Exhibition Hall 3. Descriptions of these presentations are below.
Banking the Unbanked with Mobile Solutions
Tuesday 15 September at 15.30, Exhibition Hall 1
In a world where one billion people own a mobile device but lack access to basic banking1 , Fiserv will answer the question: Will banks offer mobile financial services to cater to the needs of the unbanked and under-banked or will they be 'left in the dust' by the telcos? During a 30-minute theatre presentation, Wilde will speak about drivers of mobile adoption such as remittances and migration; why banks should care about mobile, in-country analysis and expected ROI.
"The rate of adoption of mobile financial services is unrivalled," said Nick Wilde, managing director, Asia-Pacific, Bank Solutions, Fiserv, and presenter of the session. "In areas where there is high mobile penetration but low bank penetration due to lack of infrastructure or an unwillingness to open bank accounts, mobile remittances, payments and mobile banking presents a massive opportunity for financial services providers. The question is, will that provider be a bank or a telco?"
A Pre-Settlement Matching Case Study: Innovating Mission Critical Market Infrastructure Through the Delivery of Integrated Post-Trade Services
Wednesday 16 September, 14:00 in Exhibition Hall 3
In this joint presentation, Thomas and Gibson will provide a case study on SGX Prime, the pre-settlement matching service used by the Singapore Exchange. Implemented in October 2008, TradeFlow™ from Fiserv provides the core functionality behind SGX Prime, a service that allows for fast, efficient and effective transaction management across multiple instruments and transaction types. Presentation attendees will receive an overview of the SGX Prime Service, an outline of the implementation and a summary of the benefits the service has delivered.
"SGX Prime exemplifies how innovative post-trade solutions like TradeFlow can be deployed to redefine market infrastructures," said Paul Thomas, managing director, international operations, Investment Services, Fiserv. "Through SGX Prime, the exchange has reduced risk and increased operational efficiency for users while increasing visibility and control. SGX's investments in its post-trade infrastructure have helped it maintain its position as one of Asia's most innovative exchanges".
The presentations given by Fiserv at Sibos 2009 are examples of the company's core competencies in customer and channel management, payments and processing.
About Singapore Exchange Limited
Singapore Exchange Ltd (SGX) was inaugurated on 1 December 1999, following the merger of two established and well-respected financial institutions - the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX). SGX is Asia-Pacific's first demutualised and integrated securities and derivatives exchange and is listed on its own bourse. The exchange's stock is a component of benchmark indices such as the MSCI Singapore's Free Index and the Straits Times Index (STI).
SGX aims to offer a highly trusted, comprehensive and efficient securities and derivatives marketplace for raising capital, risk transfer, trading, clearing and settlement. SGX facilitates the trading and clearing of commodity futures and over-the-counter (OTC) derivatives such as forward freight agreements and oil swaps. Through strategic alliances and partnerships with other exchanges around the world, SGX is firmly positioned as an Asian Gateway.
For more information, please visit SGX website: www.sgx.com
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.
1 Consultative Group to Assist the Poor (CGAP), 2009
For more information at Sibos, Hong Kong contact:
Media Relations
Judy Wicks
Vice President Communications
Fiserv, Inc.
Office +1 678-523-0316
Mobile +1 (404) 915-7465
judy.wicks@fiserv.com
Additional Media Contact:
Sally Yates
Account Director
Metia
+44 7775 707477
sally.yates@metia.com
Additional Fiserv Contact:
Carol Cowan
VP Product Management and Marketing
Bank Solutions
Fiserv, Inc.
407-514-1146
carol.cowan@fiserv.com