Fiserv Adds John Kim to Board of Directors with Focus on Digital Strategy

Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term solutions, has augmented its board of directors with the appointment of John Kim, who steps into an advisory role with immediate effect, according to a Fiserv statement.

Mr. Kim currently serves as the President of New York Life Insurance Company, one of the largest mutual life insurance companies in the US. In tandem with this role, he also works as its Chief Investment Officer (CIO), with additional positions in the past at Prudential Retirement, as well as CEO stints at Aeltus Investment Management and Bondbook.

His position at Fiserv will help serve the group’s global strategy and in particular across its digital channels, which Mr. Kim will help advise on. The latest board role is also a string of many that he’s currently working on, which includes advisory roles to RRE, a venture capital firm, New York Life Insurance and Annuity Company and New England Center for Children, among others.

According to Daniel P. Kearney, Chairman of the Board of Directors, Fiserv, in a recent statement on the appointment: “John brings expertise in the development and distribution of financial services solutions, with a focus on creating value across face-to-face and digital channels. We are pleased to welcome him to our board.”

Fiserv made headlines last month after it unveiled a new platform utility, Notifi, that aimed to help streamline the delivery of real-time alerts. The platform launch also was designed to disrupt the digital banking sector, tapping into an increasingly large clientele that relies on mobile technology.