Fiserv Selects New Jersey as a Location for Future Growth
September 29, 2021 at 12:55 pm EDT
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Fiserv announced a commitment to continue and expand its presence in New Jersey. The company will add approximately 2,000 jobs to its existing presence and invest in a new location in Berkeley Heights, New Jersey. The planned Fiserv campus will serve as a strategic center of excellence for technology and product innovation. The innovation lab will specialize in designing use cases around the future of banking, money movement, and commerce. Partners from fintechs, merchants, and financial institutions will use the center to innovate with Fiserv to jointly create seamless, simple, and meaningful experiences for consumers and businesses. The hub will be one of the larger on the East Coast and leverage the diverse talent from New Jersey to elevate prominence of the payments and fintech industry in the state and beyond. The majority of the new jobs will be technology-related roles, and all will be based in a new Fiserv campus at The Park in Berkeley Heights, in alignment with the company’s strategy to bring people together in large strategic hub locations to inspire innovation and collaboration, and to attract the best talent to best serve clients. Fiserv also will partner with local universities including Rutgers University – Newark to create programs and opportunities for their students and graduates. The new campus at 100 Connell Drive includes 428,000 square feet of space in a single four-story building, and was selected due to its desirable location in a vibrant, easily-accessible community, and for its many existing and planned amenities. The location, which will accommodate approximately 3,000 Fiserv associates, will include social work zones, wellness amenities and culinary programming to create a superior workplace environment. Fiserv will invest in enhancements and pursue Leadership in Energy and Environmental Design (LEED) certification for the building, which will be a physical representation of the company's distinctive brand experience.
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 (77.7%): solutions for on-line payment, solutions for placing share orders, paying for securities, managing retirement savings plans, etc.;
- financial management (16.6%): 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 (5.7%).
The United States account for 85% of net sales.