![]() “Monitise has been a global pioneer and innovator in digital banking for more than a decade,” said Jeffery Yabuki, president and chief executive officer of Fiserv. Among the added solutions would be Monitise’s FINkit, a cloud native tool financial institutions can use to maximize innovation and speed-to-market. By acquiring Monitise, Fiserv expects to broaden its technology offerings for financial institutions working to stay ahead of consumer expectations. The Fortune 500 company had $5.5 billion in revenue in 2016 and has about 23,000 employees at 120 global offices. It is currently considering moving its headquarters. Fiserv develops payment, processing, risk and compliance, customer and channel management and insights and optimization products for banks and credit unions. ![]() Monitise concentrates on accelerating the digital transformation of banks and credit unions through adaptation of legacy systems, greenfield projects and strategic digital projects. Like Fiserv, Monitise develops technology for the financial services industry. The transaction is still subject to Monitise shareholder approval, but is expected to close in the third quarter. The companies have reached an agreement on the terms of the cash offer, in which Fiserv would offer 2.90 pence per share. plans to acquire London-based Monitise plc for about $89.1 million. Following the completion of this transaction, we are confident that Monitise clients will be served well by Fiserv and its longstanding commitment to creating value for its clients.”īrookfield-based Fiserv Inc. “Fiserv is well-positioned to carry this business forward given its strength in digital banking and extensive client network. ”We are proud of the talented people and innovative technology solutions across the Monitise businesses,” said Lee Cameron, chief executive officer of Monitise. “Combining its talented associates and advanced technologies with leading digital solutions from Fiserv will expand our clients’ ability to provide differentiated experiences to their customers.” ![]()
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