Fiserv, a tech provider for financial services solutions, has acquired Ondot Systems Inc.
In Brief:
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Ondot offers digital card and wallet solutions.
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It has worked with over 4,500 banks and credit unions.
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The acquisition has been completed, but no financial details were given.
What does this mean?
Fiserv says that Ondot will help it expand its digital capabilities so it can offer a wider suite of solutions. It aims, according to President and CEO Frank Bisignano, to “enable clients of all sizes to deliver frictionless, digital-first and personalised experiences to customers”.
