Fiserv (FISV) Baird Global Consumer, Technology & Services Conference 2025 summary

Strategic vision and client-first mindset

• Emphasis on leveraging technology and scaled platforms to help financial institutions modernize and compete globally.

• Focus on increasing average revenue per client through deep, long-term relationships and expanding product offerings.

• Client-first approach drives solution development, aiming to meet evolving needs in both banking and merchant sectors.

• Ongoing modernization of core banking systems, including consolidation and rollout of cloud-based API core FinZack.

• Embedded finance and integrated solutions, such as Cashflow Central and Clover, are key growth initiatives.

Financial segment growth and innovation

• Financial segment maintains stable growth, with guidance of 6-8% for the year and highly recurring revenues.

• Modernization efforts include reducing U.S. core systems from 16 to 5 and expanding embedded finance capabilities.

• Card issuing and digital platforms, including new wins with major clients, are positioned for further growth.

• Cashflow Central is highlighted as a transformative tool for small business cash management.

• Synergies from the First Data merger continue to drive integrated offerings and cross-segment opportunities.

Merchant segment and Clover platform

• Clover remains a strong growth engine, with revenue expected to rise from $3.5B to $4.5B next year.

• Value-added solutions on Clover drive higher revenue growth relative to volume growth and increase client stickiness.

• Expansion includes horizontal (suite of services) and vertical (industry-specific) build-outs, plus international launches.

• Non-Clover merchant revenue is still sizable and growing, with future plans to convert more clients to Clover.

• Commerce Hub investments aim to extend Clover's reach to large enterprises over time.