Nasdaq Listed Fintech Fiserv Enters Agreement to Acquire Ondot, a Digital Experience Platform for Financial Institutions
December 17, 2020 @ 10:33 pm By Omar Faridi
Fiserv, Inc. (NASDAQ:FISV), a global provider of financial services technology solutions, has entered an agreement to acquire Ondot Systems, Inc., a digital experience platform for financial institutions. The transaction is expected to expand Fiserv digital capabilities, enhancing its integrated solutions so that clients can offer a seamless, digital-first and personalized experience to consumers.
Launched in 2011, Ondot processes over 1 billion transactions each month and offers digital capabilities for more than 30 million cards. Fiserv intends to further develop the Ondot platform’s interplay between real-time authorization, user context, and AI in order to “engage users in-the-moment – before, during and after transactions,” according to a release.
Fiserv Enhances Digital Experiences With Acquisition Of Ondot - Complementary And Comprehensive Portfolio Of Digital Capabilities Will Enable Fiserv Clients To Deliver Seamlessly Integrated, Enriched And Frictionless Financial Services Date
Fiserv, Inc. (NASDAQ: FISV) (“Fiserv”), a leading global provider of financial services technology solutions, today announced that it has signed a definitive agreement to acquire
Ondot Systems, Inc. (“Ondot”), a leading digital experience platform for financial institutions. The transaction will further expand
Fiserv digital capabilities, enhancing its suite of integrated solutions to enable clients of all sizes to deliver frictionless, digital-first and personalized experiences to their consumers.
Founded in 2011, Ondot processes more than 1 billion transactions per month and provides digital capabilities for over 30 million cards.