Fiserv Inc. (FISV) has come up with a new version of TradeFlow, a multi-asset post-trade process solution intended for asset management firms. TradeFlow integrates features from MarkitSERV, which offers electronic trade processing for over-the-counter (OTC) derivatives trading activity.
The enhanced version of TradeFlow is capable of delivering automated OTC clearing sequence, which automates the whole process and enables smooth communication between financial firms and multiple clearing counterparties. This solution is expected to minimize the human intervention in the whole process, thereby reducing the chance of trading error.
Lately, Fiserv has launched a number of financial services solutions. Earlier, the company launched FATCA Manager which has been widely accepted. It is evident from the increasing customer base of the company that its new solutions are in demand. Fiserv signed 136 new clients, which took the total number of clients for the Mobiliti solution up to 1,700 at the end of the third quarter.
Client demand for Popmoney solution continues to remain strong as Fiserv signed 100 new institutions in the quarter. During the recently concluded third quarter, Fiserv also signed 71 electronic bill payment clients and 38 debit processing clients.
The company’s diversified product portfolio and continued technology upgrades are expected to boost its top line going forward. Higher synergies (both top-line and cost) from Open Solutions acquisitions and continuous contract wins by the DNA platform are expected to drive growth over the next couple of years.
We believe that new product launches, various contract wins and accretive acquisitions will help Fiserv to fight stiff competition from Fidelity (FIS), Mastercard (MA) and Global Payments (GPN) in the near term. Moreover, the ongoing consolidation in the financial services industry is a cause for concern.
Fiserv has a Zacks Rank #3 (Hold).
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