ITG Selects Accurate from Fiserv to Automate Reconciliation and Exceptions Management

June 15, 2010
ITG Selects Accurate from Fiserv to Automate Reconciliation and Exceptions Management

Brookfield, Wis., June 15, 2010 - Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced that Investment Technology Group Limited (ITG) has selected its Accurate&#8482> solution to provide financial controls for all of its European operations. Using Accurate from Fiserv, ITG will now have the ability to perform a variety of cash and securities reconciliations including stock, nostro and broker execution/allocation. ITG also plans to use the solution to automate the exception management process around these reconciliations and provide daily management level reporting.

"Customer focus is the hallmark of our business at ITG. Selecting a comprehensive solution that is easy to deploy and intuitive to use allows our team to fully leverage their time in serving our clients. The Accurate solution from Fiserv provides the functionality and controls required for our business while maintaining ease of use for our staff," said Stephen Elliott, post trade product manager for ITG.

"Implementing robust financial controls is imperative to mitigating operational risk and ensuring the integrity of critical financial information," said John Filby, president, Risk and Compliance Solutions, Fiserv. "With Accurate from Fiserv, ITG can address high transaction volumes while dealing with exceptions more quickly and effectively. These capabilities align with ITG's commitment to accuracy, transparency and an unwavering focus on customer satisfaction."

Accurate from Fiserv provides financial controls including transaction matching and reconciliation, case management, account certification and reporting. An example of the Fiserv core competency in risk and compliance, Accurate is part of the company's suite of Financial Control Solutions which serve as a foundation to enhance operational control, business efficiency, risk management and compliance strategy for financial services organizations across the globe.

About ITG
Investment Technology Group is a specialized agency brokerage and financial technology firm that partners with asset managers globally to provide innovative solutions spanning the investment continuum. A leader in electronic trading, ITG's integrated approach now includes a range of products from portfolio management and pre-trade analysis to trade execution and post-trade evaluation. Asset managers rely on ITG's independence, experience, and agility to help mitigate risk, improve performance and navigate increasingly complex markets. The firm is headquartered in New York with offices in North America, Europe and the Asia Pacific region. For more information on ITG, please visit http://www.itg.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. Fiserv is ranked No. 1 on the FinTech 100 survey of top technology partners to the financial services industry. For more information, visit www.fiserv.com.

Media Relations:
Julie Nixon
Public Relations Manager
Fiserv, Inc.
678-375-3744
julie.nixon@fiserv.com

Additional Fiserv Contact:
Wade Coleman
Director, Public Relations
Fiserv, Inc.
678-375-1210
wade.coleman@fiserv.com