Financial services technology provider Fiserv has agreed to acquire Online Banking Solutions (OBS), an Atlanta-based provider of cash management software, for an undisclosed sum.
OBS’ cash management platform is designed for digital channels, featuring easy-to-use interfaces.
Fiserv said OBS’ cash management capabilities will allow it to get a unified experience across multiple devices, enabling it to support notification and authentication via smartphones, tablets and wearable devices.
OBS also offers a browser that serves as a secure gateway to applications provided by financial institutions to their commercial customers.
Fiserv president and CEO Jeffery Yabuki said: "Financial institutions are increasingly focused on deepening relationships with commercial customers.
"The addition of Online Banking Solutions' technologies further enables
OBS products are currently integrated with multiple Fiserv core processing solutions, such as Signature, Premier and Cleartouch.
The DNA core system will be added following the deal conclusion, which is expected before the end of 2016.