Payment provider Fiserv has reported financial results for the first quarter of 2022, looking toward a good outlook for 2022 in spite of various challenges.
The company said there were “challenging macroeconomic factors that created some uncertainty, according to Frank Bisignano, president and CEO of the company.
“We had a strong start to the year as we posted double-digit organic revenue and adjusted earnings per share growth, both above the outlook range we provided for the year,” said Bisignano. “We delivered these results while continuing our strategy of investing in innovation for growth.”
He said the company remained confident in the year ahead.
“We believe the resilience of our business, the strength and breadth of our assets and our robust pipeline of innovation provide the tools to deliver value in any environment.”
Among the company’s accomplishments was being named one of the “World’s Most Innovative Companies” by Fast Company for the second year in a row.
And the company has completed the acquisition of Finxact, which develops cloud-native banking solutions powering digital transformations in the financial services sector.
See also: Fiserv Launches AppMarket Open Finance, FI/FinTech Collaboration Tool
PYMNTS wrote that Fiserv has rolled out AppMarket recently, intending to give financial institutions (FIs) access to various FinTech solutions to help them reach new customers and operate better.
The FinTech solutions include open finance strategies, letting FIs of all sizes access crypto finance, gig economy banking, and small and midsize business lending. One priority is to try and attract younger people.
“Last year, Fiserv reached a major milestone in our open finance initiative by publishing normalized APIs across our bank platforms through Developer Studio, giving developers the ability to integrate once and connect across multiple Fiserv cores,” said Niranjan Ramaswamy, vice president of embedded FinTech at Fiserv, in the company press release.
He added that AppMarket is intended to foster “innovative collaboration” between financial institutions and FinTechs.
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