Trintech acquires Fiserv’s reconciliation business
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Trintech acquires Fiserv’s reconciliation business 27 July 2023US Reporter: Lucy Carter
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Financial close solutions provider Trintech has acquired Fiserv’s Frontier Reconciliation and Accurate Reconciliation business in North America and EMEA.
The acquisition of the solutions allows Trintech to expand the range of services it offers to clients, with further technical support provided by the Fiserv team.
As part of the agreement, Trintech will expand its global presence, and will grant clients access to products and solutions across US and international markets.
Commenting on the agreement, Darren Heffernan, CEO of Trintech, says: "In this era of intense digital transformation, accounting automation, reconciliations and financial close represent a significant market opportunity. This acquisition positions Trintech to provide even more compelling financial close capabilities, broaden the reach of our partner ecosystem and drive impressive return on investment for our customers.”
Whitney Stewart Russell, president of digital solutions at Fiserv, adds: "Trintech is well-positioned to guide the reconciliation business through its next chapter, and we are confident they will provide excellent service to our clients and support for their businesses. [We] look forward to serving clients through our future relationship as a referral partner."
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