Fiserv has signed a definitive agreement to acquire Ondot Systems, a digital experience platform for financial institutions.
The transaction will expand Fiserv digital capabilities, enhancing its integrated solutions to enable clients to deliver frictionless, digital-first and personalized experiences to their consumers.
Founded in 2011, Ondot processes more than 1 billion transactions per month and provides digital capabilities for over 30 million cards.
Fiserv plans to further develop the Ondot platform’s unique interplay between real-time authorization, user context, and artificial intelligence (AI) to engage users in-the-moment – before, during and after transactions.
