Fiserv announced a strategic partnership with Microsoft to further integrate AI into its development platform and operations.
The partnership aims to improve internal productivity and support the delivery of AI-driven solutions to Fiserv clients, including financial institutions, enterprises, and consumers.
Fiserv deploys Microsoft 365 Copilot to its workforce around the world, giving them AI tools to support decision-making and improve work efficiency.
In parallel, Fiserv is working with Microsoft to expand its use of Microsoft Foundry, an Azure-based AI platform for securely building, deploying, and managing AI applications.
The implementation of these tools promises to streamline processes and potentially create new revenue opportunities.
“By incorporating AI into our workforce and development platform, we are not just improving the way we do business, we are transforming how Fiserv delivers next-generation innovation to our clients.”
Guy Chiarello, vice chairman of Fiserv, said:
“This partnership with Microsoft will enable us to bring intelligent capabilities to market faster and at scale, enabling smarter, differentiated solutions that help our clients grow, compete and lead in today's rapidly evolving fintech and payments landscape.”
Karen Del Vescovo, Corporate Vice President, Financial Services, Microsoft, added:
“By combining Microsoft 365 Copilot and Microsoft Foundry with Fiserv's industry expertise, we are enabling innovation to help Fiserv employees achieve new levels of efficiency and productivity.”
Fiserv already implements Microsoft Foundry and GitHub Copilot.
To date, the company has processed more than 100 billion tokens on Foundry and deployed GitHub Copilot to more than 8,000 software engineers to improve developer productivity and accelerate solution delivery.
Featured image credit: Compiled by Fintech News Switzerland Based on image by Feepikcontributorthailand via Freepik
