BROOKFIELD: Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, has acquired Smith Consulting Group (SCG), an operational consulting firm serving community banks and credit unions. The terms of the transaction were not disclosed.
The acquisition, announced Tuesday, is intended to deepen the in-house expertise Fiserv can offer its clients. SCG provides specialized consulting for core banking system conversions, implementations, and strategic optimization of related platforms.
“This acquisition enhances our ability to deliver strategic value to our customers by embedding deeper expertise directly into our service model,” said Andrew Gelb, Head of Financial Solutions at Fiserv. “By bringing more expertise in-house, we’re expanding our ability to advise earlier and deliver smarter solutions.”
SCG’s services will support a range of Fiserv banking platforms, including DNA, Signature, and Bank Intelligence. The firms have been partners for a decade, supporting financial institutions through complex technological transformations.
Darren Smith, Founder and CEO of Smith Consulting Group, said the combination will benefit their shared clients.
“We look forward to pairing our technical acumen and industry expertise with Fiserv’s leading technology platforms to ensure our clients’ success throughout these highly complex projects,” Smith said.
Fiserv, a Fortune 500 company, provides a wide range of financial technology solutions, including account processing, digital banking, and payment systems. Smith Consulting Group is composed of professionals with decades of experience in bank and credit union operations.