recently announced that it is integrating Common Origination
Platform and LoanServ into a single solution. Fiserv's LoanServ
is an online real-time servicing solution that streamlines all
processes related to retail loans.
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On the other hand, the Common Origination Platform is a
single-platform solution, which provides borrowers' data across
all lending channels and products in one place regardless of the
point of origination or loan type.
The integration of the two systems will improve efficiency by
reducing errors as well as duplication within the two systems.
The integration will help lenders to have a consolidated view of
each customer and the risk of their loan portfolios. The
integration of the two solutions will make the lending process
much faster and easier at a lower cost.
Of late, Fiserv has been consolidating its products and solutions
to effectively serve its customers on a real time basis and at a
lower cost. Fiserv recently added its Popmoney person-to-person
payment service to mobile banking and payments platform,
Mobiliti. We believe that the latest integration will further
boost Fiserv's customer base going forward.
Fiserv has been expanding its foothold in the financial and
payment solutions business through its diversified product
portfolio and continued technology upgrades. The company's
advanced product ranges are likely to further enhance its revenue
streams. Moreover, Fiserv's various contract wins have enabled it
to expand its presence in the industry.
Additionally, Fiserv has a loyal and broad customer base. In the
fourth quarter of 2012, Fiserv extended its electronic payment
and presentment relationship with
Bank of America (
for another 10-year term. Fiserv signed 113 electronic bill
payment clients and 40 debit processing clients in the quarter,
which include power generation company
American Electric Power (
and healthcare provider
However, volatile macroeconomic environment, banking and
financial service consolidation, poor cash flow, tough
competition and increasing industry regulations are the primary
concerns in the near term.
Currently, Fiserv has a Zacks Rank #2 (Buy).