Fiserv and Anthony Thomson Introduce Agiliti to Accelerate UK Financial Services Industry Transformation

  Fiserv and Anthony Thomson Introduce Agiliti to Accelerate UK Financial
  Services Industry Transformation

  *Metro Bank co-founder Anthony Thomson joins as a non-executive director of
    Fiserv Financial Service Technologies Limited
  *Fully hosted Agiliti technology solution is designed to reduce the high
    cost, and mitigate risk of market entry, for new and existing market
    participants through its enhanced capabilities
  *Agiliti delivers speed to market and a pay-as-you-grow modular technology
    approach
  *Think Money Limited selects Agiliti for its IT operations

Business Wire

LONDON -- July 2, 2014

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, and Anthony Thomson, co-founder and former Chairman of
Metro Bank and founder of Atom Bank, today announced Agiliti™, a
state-of-the-art technology and services solution that enables speed-to-market
for new entrants into the UK banking sector and rapid delivery of new
capabilities for existing financial services providers.

Agiliti is a hosted, software-as-a-service (SaaS) retail bank technology
solution, modular in its approach, with a comprehensive software and
infrastructure offering dedicated solely to the UK banking market.

“Technology is the last major barrier for new entrants to financial services,
and Agiliti is offering them a way to overcome it. New entrants in particular
benefit from the fact that the business model allows them to align costs with
business success,” said Anthony Thomson. “Additionally, a technology solution
that could have previously taken two to three years to build could now be
implemented in as little as six months with Agiliti. Essentially, this
technology will mean that new providers can enter the market without exposing
themselves to the lengthy implementation times, risk, and the often
prohibitive cost associated with a conventional IT set-up.”

Agiliti  is designed to  enable new and existing players to quickly deliver
retail and SME banking products such as current accounts, savings, and secured
and unsecured loans, together with a full suite of payment and transaction
capabilities; manage customer relationships across all channels and throughout
the customer lifecycle; and retain full ownership of the customer, the
associated data, their brand, and their commercial model.

Thomson continued: “Agiliti offers banks the IT equivalent of leasing a new
car, with a newer model provided whenever it’s launched. This is the next
phase of the banking revolution, which should bring greater competition and
choice for consumers. We expect a significant number of new banks to open in
the UK within the next three years, and Agiliti is ready to help them get up
and running quickly, with an economic model that makes good business sense.”

A relaxation of capital and liquidity rules in 2013 for new entrants into the
banking market, coupled with public and political desire for more competition,
is expected to spur new applications for banking licences in the UK. The
financial regulator recently noted that nearly 30 firms have applied for
authorisation to become new banks.

“Agiliti offers a compelling solution that enables UK financial services
providers to focus on the business of banking,” said Travers Clarke-Walker,
Managing Director EMEA at Fiserv. “By utilising Agiliti, organisations can
concentrate on those differentiators that secure them genuine competitive
advantage – enhancing their brand, developing a strong service ethos,
extending their product offering or refining their distribution strategy for
example – rather than direct their focus to building and maintaining a costly
IT infrastructure.”

Think Money Limited is one of the first in the market to have selected the
Agiliti solution for its IT operations. The Manchester-based firm enables
consumers to establish personal current accounts with unique functionality for
personal financial management, and also offers a comprehensive mortgage and
insurance comparison service. Michael Aldred, Managing Director of Think Money
Limited, said, “Think Money needed a new solution capable of meeting its needs
for rapid product evolution and speedy introduction of new products. Since we
began working with Fiserv, we have seen at firsthand the collaborative,
flexible and constructive engagement and commercial model that Agiliti
offers.”

Fiserv has established a wholly owned subsidiary, Fiserv Financial Service
Technologies Limited, to provide Agiliti to the UK market. Anthony Thomson
will serve as a non-executive director of the subsidiary.

Additional Resources:

  *http://www.agiliti-fiserv.com/

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:

Media Relations:
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Lisa Elliott
0207 294 3679 or lisae@lansons.com
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or
Additional Fiserv Contact:
Julie Smith
Senior Manager, Public Relations
Fiserv, Inc.
+1 412-225-3182
julie.smith@fiserv.com
 
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