Peoples Group announced a strategic partnership with Fiserv to deliver its next generation payments offering. This leading technology will enable clients and partners to leverage instant payments, always-on infrastructure and rich ISO 20022 data through direct connections to Canada's prominent payment systems, streamlining automation and enhancing digital client experiences. This move represents one of the most substantial technology investments in Peoples Group's history, signaling a long-term commitment to delivering enterprise-grade banking infrastructure that meets both current market demands and future innovation requirements for leading fintechs and advanced technology providers.
This modernized infrastructure, built on Fiserv's payments technologies and the DNA®? core platform deployed in the public cloud, will streamline existing banking and payment capabilities in preparation for Payments Canada's Real-Time Rail deployment. The Fiserv Enterprise Payments Platform positions Peoples Group as the trusted platform provider for organizations seeking to compete with enterprise institutions while maintaining focus and resources on their core customer relationships.
Fiserv, Inc. specializes in the development and integration of IT solutions for the financial and insurance sectors. Net sales break down by activity as follows:
- on-line banking and investment support (47.8%): solutions for on-line payment, solutions for placing share orders, paying for securities, managing retirement savings plans, etc.;
- financial management (45.6%): transaction and loan management solutions, data treatment, CRM, hosting solutions of online activities and outsourcing services for financial institutions (banks, leasing companies, real estate lending companies, etc.) and insurance companies;
- other (6.6%).
The United States and Canada account for 84% of net sales.
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