Fiserv, a prominent global provider of payments and financial services technology, has unveiled upcoming changes in its executive leadership that are set to take effect in 2024, according to a report by Businesswire.

Jennifer LaClair, currently serving as the Chief Revenue Officer, will lead Global Business Solutions effective January 1, 2024. LaClair will succeed Suzan Kereere. She brings extensive financial expertise from her tenure at Ally Financial and PNC Financial Services and consulting experience at McKinsey & Company.

Rick Singh will join as the Enterprise Growth Officer in mid-January 2024 to spearhead strategy, mergers, acquisitions, and ventures at Fiserv. With a notable background at J.P. Morgan and diverse roles in investment banking, Singh has a wealth of experience in strategic development.

Fiserv Eyes Growth across Diverse Financial Sectors

Frank Bisignano, Fiserv's Chairman, President, and Chief Executive Officer, stated: "These changes highlight our focus on leadership development and will ensure a smooth transition. I'm grateful for Suzan's leadership and wish her well in the future."

Fiserv operates with the mission to facilitate the movement of money and information globally. Its services encompass various financial technology solutions, including digital banking, 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, e-commerce, and a cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-based point-of-sale platform.

Fiserv posted impressive results in the third quarter of 2023, highlighting a growth of 8% year-over-year in revenue to $4.87 billion. Notably, the firm revised its 2023 revenue outlook, expecting an increase of 11%. The surge in revenue during the quarter was attributed to notable growth across Fiserv's segments.

Fiserv Capitalizes on Strong Financial Performance

Fiserv's earnings per share (EPS) soared to $1.56 in the third quarter and $3.54 in the first nine months, marking an increase of 108% and 32% from the previous year. The company anticipates an improvement of 15% to 16% in adjusted EPS, currently ranging between $7.47 and $7.52 per share.

In October, Fiserv partnered with Plaid, a data management firm. This alliance aims to enhance financial data sharing by ensuring seamless access to vast applications and services on the Plaid network for customers associated with Fiserv-hosted banks and credit unions.

This collaboration leverages Fiserv's AllData Connect tool, a system designed to facilitate consumers in securely sharing their financial information with their preferred third-party applications and services.