Fiserv recently announced a new strategic collaboration with Microsoft. This partnership aims to accelerate AI-Driven Innovation across the global financial services industry. The two companies will integrate advanced cloud technologies with payment solutions. This effort focuses on creating more personalized experiences for bank customers. It also helps merchants streamline their daily business operations through automation.
The collaboration leverages the power of Microsoft 365 Copilot and Microsoft Foundry. These tools will help Fiserv develop smarter financial products for its clients. Banks can use these technologies to detect fraud more effectively than before. Furthermore, small businesses will gain access to better data insights and reporting. This move ensures that AI-Driven Innovation stays at the center of modern fintech.
“By embedding AI inside our workforce and development platforms, we’re not simply improving how we operate; we’re transforming how Fiserv delivers the next generation of innovation for our clients. This collaboration with Microsoft enables us to bring intelligent capabilities to market with greater speed and scale,” said Guy Chiarello, Vice Chairman, Fiserv.
Transforming Financial Experiences with Advanced Technology
In addition, this partnership will also work on increasing the productivity of in-house developers at Fiserv. Since Fiserv uses AI technology, developers can develop new software solutions quickly, which in turn helps Fiserv introduce new software solutions to the marketplace quickly. This new partnership will work on core banking services, among various services, to help financial institutions stay competitive in the digital age.
“Together with Fiserv, we’re bringing the power of generative AI to transform how financial technology is built and delivered. By combining Microsoft 365 Copilot and Microsoft Foundry with Fiserv’s deep industry expertise, we’re enabling innovation that will help Fiserv’s workforce achieve new levels of efficiency and productivity,” said Karen Del Vescovo, Corporate Vice President, Financial Services, Microsoft.
The companies plan to explore even more ways to apply AI-Driven Innovation soon. They want to make financial transactions more seamless for everyone involved. This includes improving customer service through sophisticated virtual assistants and automated support. Security remains a top priority throughout this entire technological expansion. Both firms are committed to responsible and ethical use of artificial intelligence.
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News Source: Businesswire.com
