Email Contact Phone Company Visit Website

Atlanta, Georgia Office

3930 East Jones Bridge Road
Atlanta
GA
US

Owings Mills, MD Office

25 Crossroads Drive, Suite 200
Owings Mills
MD
US

Los Angeles Office

11150 Olympic Blvd, Suite 600
Los Angeles, CA
US

The Hague, Holland Office

Loire 200-202
The Hague
NL

London, UK Office

Baker's Hall 7 Harp Lane
London
GB

Singapore Office

30 Cecil St. #22-02/08 Prudential Tower
Singapore
SG

Scottsdale, Arizona Office

7272 E. Indian School Road
Scottsdale
AZ
US

Jersey City, NJ Office

10 Exchange Place, 23rd Floor
Jersey City
NJ
US

Brookfield, Wisconsin Head Office

255 Fiserv Drive
Brookfield
WI
US

Sydney, Australia Office

Level 14 124 Walker Street
North Sydney
AU

Luxembourg Office

4 Rue d'Arlon
Luxembourg
LU

Uxbridge, UK Office

7 Roundwood Ave
Uxbridge
GB

Lake Mary, Florida, US Office

600 Colonial Center Pkwy
Lake Mary
FL
US

Telephone

617-217-2816

Contact

Melanie Cousins
[email protected]
Back to all Fiserv announcements

Fiserv Chosen by American Stock Transfer & Trust Company for Enterprise Reconciliation Solution

- American Stock Transfer & Trust Company will use Frontier from Fiserv to mitigate exposure to risk and enable compliance with global regulatory requirements.

- Relationship results from referral partnership between Fiserv and Investance.

Fiserv, Inc. (NASDAQ: FISV) - Sibos stand J114 - , the leading global provider of financial services technology solutions, today announced that American Stock Transfer & Trust Company, LLC (AST) has implemented the Frontier(TM) enterprise reconciliation solution from Fiserv to manage its reconciliation and exception management process in North America. Frontier will assist AST with efficient risk management and compliance controls relating to regulatory requirements, further reducing exposure to risk, which is critical to AST's international operations and customer base.

The selection by AST follows a recently announced strategic consulting partnership between Fiserv and Investance focused on delivering industry leading solutions and subject matter expertise for financial crime risk management and reconciliation to the financial services community.

"We continue to invest in solutions that give us greater control and transparency to help us mitigate risk exposure for our customers' investments," said Robert M. Carney, Chief Operating Officer of AST. "Accurate statement of positions is essential in our industry and the robust reporting functionality within Frontier was a key factor in our decision to choose Fiserv, along with their impressive pedigree. Frontier also supports our objective to consolidate reconciliation onto a single platform, enabling us to realize greater operational efficiencies."

The Frontier solution enables AST to move from a multi-system reconciliation process to a fully automated function that provides a single source of data for the companies' cash and stock positions, together with a full audit trail and comprehensive reporting. There are also plans to roll the solution out to manage corporate actions positions in the future. The solution is currently live in the United States with Canadian operations slated to go live by the end of September.

"The speed at which financial markets operate continues to increase, placing significant pressure on market participants to evaluate and report positions and financial activity more quickly and efficiently," said John Filby, president, Risk & Compliance, Fiserv. "We're pleased to help AST address key reporting requirements with a scalable, practical solution that plays a central role in their risk management program while also ensuring that total cost of ownership for the reconciliation function is lowered."