Fiserv acquires Smith Consulting Group, terms not disclosed

Fiserv (FI) announced it has acquired Smith Consulting Group, an operational consulting service utilized by community banks and credit unions across the United States. SCG provides deep subject matter expertise and in-market support to Fiserv clients seeking consultative engagement to enhance their strategic investments in core and surround solutions. Financial terms of the transaction were not disclosed. The addition of SCG reinforces Fiserv’s position as a provider of core banking and advisory services, enhancing the firm’s ability to deliver end-to-end transformation for community banks and credit unions. SCG consulting services will span DNA, Signature, Bank Intelligence and other Fiserv banking platforms. “This acquisition enhances our ability to deliver strategic value to our customers by embedding deeper expertise directly into our service model. By bringing more expertise in-house, we’re expanding our ability to advise earlier and deliver smarter solutions,” said Andrew Gelb, Head of Financial Solutions, Fiserv. “Today’s announcement is a clear step forward in our commitment to helping financial institutions achieve growth with speed, clarity, and confidence.”