Fiserv Announces Appointment of Dylan Haggart to Board of Directors

Fiserv, Inc, a leading US global fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term company, announced today that it has appointed Dylan G. Haggart to the company’s Board of Directors. Additionally, the popular fintech company disclosed that it agreed to nominate Haggart for election to the Board at its next annual meeting of shareholders.

Haggart currently serves as a Partner of ValueAct Capital, where he has worked collaboratively with the management teams and boards of directors of other firms on matters such as capital structure, talent management, mergers and acquisitions, as well as strategy since 2013. In addition, he serves as a Director of Seagate Technology plc, where he is a member of the compensation committee.

Haggart is a global business leader with more than 15 years of commercial, financial, strategic and operational leadership experience across multiple industries.

Before joining ValueAct Capital in July 2023, Haggart worked as a private equity investor at TPG Capital, an investment advisory company, focusing on North American buyouts. Before moving to TPG Capital, Haggart worked at Goldman Sachs in the Investment Banking Division.

He holds a B.A. with distinction from the Richard Ivey School of Business at the University of Western Ontario.

Denis O’Leary, the Chairman of the Board of Directors of Fiserv, said: “We are pleased to welcome Dylan to the Fiserv Board. He brings valuable perspective to the Board, and we look forward to benefiting from his contributions and experience as we drive long-term profitable growth and value creation for all of our stakeholders.”

Meanwhile, Haggart commented: “Fiserv is one of the world’s most important financial technology platforms with tremendous long-term potential. The company is in the midst of a transformation centered around innovative, next-generation offerings that better serve clients and will accelerate profitable growth. It’s a great pleasure and honor to deepen my relationship with the Fiserv management team and Board as they drive growth and value for all shareholders.”

Providing Financial Solutions to Clients

Established in 1984, Fiserv continues to partner with individuals and firms to monetize platforms and networks that move the world forward.

Early this month, Fiserv signed an agreement to acquire Finxact, one of the most rapidly rising firms in the digital banking ecosystem. Finxact is a core-as-a-service platform that offers payments and financial services technology solutions to banks and other financial firms like credit unions, among others. Fiserv considered Finxact’s acquisition as a vital step towards the company’s digital banking strategy. Through Finxact, Fiserv is supporting customers with customized and flexible digital banking experiences.

In September last year, Fiserv announced plans to expand its presence in New Jersey. The fintech firm revealed plans to develop a new campus that will serve as a strategic hub for technology and product innovation. The company stated that its partners from various institutions such as fintech firms, merchants and other financial firms would use the center for innovation purposes.