Last week, Fiserv, Inc. (FISV) announced that Badan Sertifikasi Manajemen Risiko (BSMR) has again formed an alliance with Fiserv to develop and manage four educational financial risk management workshops in Indonesia in 2012. The primary intent of these workshops is to educate professionals in the risk management industry and provide them with practical first hand experience to increase proficiency in such aspects.
This is the second confluence ventured upon by BSMR with Fiserv to ameliorate knowledge base on risk management in Indonesia. Previously, in 2011, an educational workshop was created at Jakarta by the duo which focused on aspects such as funds transfer pricing, Risk Adjusted Return on Capital (RAROC), deposit pricing, etc. and was attended by nearly 70 professionals from the risk management and banking sectors.
Following the workshop, the current venture is targeted towards ameliorating knowledge bases of liquidity management, funds transfer pricing, RAROC etc. Fiserv averred that it is imperative in today’s world for banking and financial institutions to have clarity in fields they deal in to the extent possible to cater to customers’ needs more meticulously.
While the company shows proactive trends in escalating educational standards across the finance sector, it does not overlook its sales growth strategies. On April 9, 2012, Fiserv declared that it has signed a total of 190 enterprise content management (ECM) clients in 2011. Such moves are laudatory judging by the ongoing downsides accruing from the world’s clouded fiscal scenario.
The company should be wary of a few ominous players in the industry. These include Heartland Payment Systems (HPY), Equifax Inc. (EFX) and Fidelity National Information Services, Inc. (FIS). At present we have a Neutral recommendation on Fiserv.
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