Fiserv Collaborates with University of Connecticut School of Business on Next-Generation Banking Apps

  Fiserv Collaborates with University of Connecticut School of Business on
  Next-Generation Banking Apps

  *Fiserv, the Savings Bank of Danbury and Greylock Federal Credit Union
    participate in University of Connecticut School of Business’ Financial
    Accelerator Program
  *Connecticut Governor Malloy praises Financial Accelerator Program for
    connecting area students with local business leaders to foster innovation
  *Participating students will develop a business case for enhancing the
    millennial banking experience through leading-edge technology from Fiserv

Business Wire

BROOKFIELD, Wis. & HARTFORD, Conn. -- May 21, 2014

Fiserv Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, and the University of Connecticut School of Business,
one of the top public business schools in the nation, today announced that
Fiserv is participating in the university’s Financial Accelerator Program to
help educate students and foster innovation.

The Financial Accelerator Program was established in 2002 to create
opportunities for UConn students and faculty to apply classroom concepts to
real business challenges. With the Fiserv initiative, UConn MBA students are
collaborating with area business leaders from Fiserv and two of its clients,
the Savings Bank of Danbury and Greylock Federal Credit Union, to explore how
financial institutions can attract and serve Gen Y consumers using
state-of-the-art banking technology.

“The Financial Accelerator Program at the University of Connecticut School of
Business shines a spotlight on the exciting and innovative career
opportunities available to students in the state,” said Connecticut Governor,
Dannel P. Malloy. “Collaborations like this, which bring the leaders of
tomorrow together with the leaders of today, foster the innovation and
opportunity that help make Connecticut such an attractive place to live and
work.”

The initiative, which launched during the Spring 2014 semester, introduces
UConn MBA students to the DNA™ account processing platform from Fiserv. DNA is
a modern, enterprise-wide software platform that is relied upon by hundreds of
banks and credit unions, including Savings Bank of Danbury and Greylock FCU,
for transaction processing, data management and customer relationship
management. DNA offers a unique development toolkit – DNAcreator™ – that
allows users to create seamlessly integrated applications called DNAapps™ that
extend the platform in new and powerful ways. At the conclusion of the
Financial Accelerator Program, UConn students will present a business case for
creating a new DNAapp that DNA users like Savings Bank of Danbury and Greylock
FCU can use to enhance the millennial banking experience.

“DNA from Fiserv incorporates the latest industry standard tools and languages
currently being taught at UConn and other leading universities where banks and
credit unions can find a deep and talented pool of software engineers,” said
Steve Cameron, president, Open Solutions Division, Fiserv. “By partnering with
some of our region’s brightest minds at UConn, the Savings Bank of Danbury and
Greylock Federal Credit Union, Fiserv is investing in the local community and
continuing to build on our vision to drive the global digital transformation
of financial services.”

The students are working with Savings Bank of Danbury, Greylock FCU and Fiserv
associates to ensure their proposal is both viable and compelling. After
completing their research, idea development and return on investment (ROI)
analysis, the students will present their findings to Fiserv associates.
Fiserv and UConn anticipate the program continuing into the Fall semester with
a new group of students to execute the business plan using DNAcreator to build
the proposed DNAapp.

"This collaboration allows our students to use the knowledge, research skills,
innovative thinking, and work ethic they're acquiring at UConn in a very
welcoming business environment provided by Fiserv," said UConn Professor
Michel Rakotomavo, faculty advisor for the project. "They have invaluable
access to and interactions with executives from the partnering organizations
and benefit from those organizations’ resources and information, making the
experience truly distinctive in higher education."

Additional Resources:

  *DNA from Fiserv -
    www.fiserv.com/industries/bank-platforms/dna-bank-platform.aspx
  *UConn Financial Accelerator Program - accelerator.business.uconn.edu
  *Savings Bank of Danbury - www.sbdanbury.com
  *Greylock Federal Credit Union - www.greylock.org

About University of Connecticut Business School

Founded in 1941, the UConn School of Business has evolved into one of the most
comprehensive business schools in the nation, offering academic programs at
the bachelors, masters, doctorate and advanced certificate levels, in five
Connecticut locations – Storrs, Hartford, Stamford, Torrington and Waterbury.
The School of Business has established a strong reputation for high quality
research and academic programs, spanning a wide array of functional
disciplines – Accounting, Finance, Management, Marketing, and Operations and
Information Management.

About Savings Bank of Danbury

Savings Bank of Danbury was established in 1849, and is headquartered at 220
Main Street, Danbury, Connecticut. A mutual savings bank with assets in excess
of $800 million, Savings Bank of Danbury has 13 branch offices located in
Bethel, Brookfield, Danbury, New Fairfield, New Milford, Newtown, Southbury
and Waterbury. Savings Bank of Danbury is committed to the communities it
serves and to providing exceptional products and services to both its personal
and business customers.

About Greylock Federal Credit Union

Greylock membership is open to anyone who lives, works, attends school,
worships or regularly conducts business in Berkshire County, Massachusetts.
With assets over $1 billion, Greylock Federal is wholly owned by its more than
70,000 members and offers full-service branches in Pittsfield, Great
Barrington, Lee, Adams, North Adams, Williamstown and Lanesborough. Greylock’s
family of businesses includes Greylock Insurance Agency, Greylock Investment
Group, Greylock Marketing Group, Greylock Technology Group and Greylock’s
Employee Benefits Services. More information is available online at
www.greylock.org.

About Fiserv

This year, Fiserv Inc. (NASDAQ: FISV) celebrates 30 years of leadership in
financial services technology. As one of FORTUNE^® magazine's World's Most
Admired Companies, Fiserv is helping clients worldwide achieve best-in-class
results by driving innovation in payments, processing services, risk and
compliance, customer and channel management, and business insights and
optimization. For more information, visit www.fiserv.com.

FISV-G

Contact:

Fiserv Media Relations:
Julie Smith
Public Relations Manager
Fiserv, Inc.
412-577-3341
julie.smith@fiserv.com
or
UConn Media Relations:
Steve Criss
Marketing & Communications Administrator
University of Connecticut
860-486-5333
steve.criss@uconn.edu
 
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