Atlanta, October 24, 2005âFiserv, Inc. (Nasdaq: FISV) said its IPS-Sendero unit â a provider of technology solutions and education for strategic balance sheet, profitability and corporate performance management -- has introduced service bureau delivery of asset/liability management and profitability measurement reporting tools to financial institutions through the launch of its Solution Services operation.
IPS-Sendero Solution Services provides financial services clients with strong control over the asset/liability and profitability management aspects of their business with secure and comprehensive reporting tools. Clients using IPS-Sendero Solution Services gain optimal performance with improved cost and service, immediate returns with minimal cash flow and profit and loss impact, and comprehensive report packages. Solution Services offers flexible contracts, secure exchange of confidential information at the click of a button, lower-cost point of entry, high-speed deployment and monthly or quarterly service.
"Solution Services combines the speed and ease of a service bureau with the flexibility of owning an in-house model," said Fred Mastro, director of IPS-Sendero Solution Services. "With more than 20 years of industry expertise, IPS-Sendero can tailor services to meet clients specific needs, regardless of institution size."
IPS-Sendero is a business unit of Fiserv, Inc. and a provider of technology solutions and education for asset liability management, profitability measurement, mortgage analytics, and financial management and planning. Financial institutions of all types use IPS-Sendero products and services to help manage balance sheet risk, measure and manage profitability, develop budgets and forecasts, and produce information needed for sound decision-making. More than 3,400 organizations in 56 countries have licensed 7,800 IPS-Sendero products through the company's headquarters in Atlanta and its global offices.
Fiserv, Inc. (Nasdaq: FISV) provides information management systems and services to the financial and health benefits industries, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues for 2004. Fiserv was ranked the largest provider of information technology services to the U.S. financial services industry in the 2004 FinTech 100 survey by the American Banker newspaper and the Financial Insights research firm.