BROOKFIELD, Wis., and HARTFORD, Conn. (5/23/14)--Fiserv Inc., a technology provider to financial institutions, is participating in the University of Connecticut's Financial Accelerator program to help educate students and foster innovation.
The Financial Accelerator program was established in 2002 to create opportunities for UConn students and faculty to apply classroom concepts to real business challenges. With the Fiserv initiative, UConn MBA students are collaborating with area business leaders from Fiserv and two of its clients, Greylock FCU, Pittsfield, Mass., and the Savings Bank of Danbury, Conn., and to explore how financial institutions can attract and serve Gen Y consumers using state-of-the-art banking technology.
"The Financial Accelerator program at the University of Connecticut School of Business shines a spotlight on the exciting and innovative career opportunities available to students in the state," said Connecticut Gov. Dannel P. Malloy. "Collaborations like this, which bring the leaders of tomorrow together with the leaders of today, foster the innovation and opportunity that help make Connecticut such an attractive place to live and work."
The initiative, which launched during the spring 2014 semester, introduces UConn MBA students to the DNA account processing platform from Fiserv. DNA is an enterprise-wide software platform used by credit unions and banks, including $1.09 billion-asset Greylock FCU, for transaction processing, data management and customer relationship management. At the conclusion of the Financial Accelerator program, UConn students will present a business case for creating a new DNAapp for clients such as Greylock FCU to use to enhance the millennial banking experience.
After completing their research, idea development and return-on-investment analysis, the students will present their findings to Fiserv associates. Fiserv and UConn anticipate the program will continue into the fall semester with a new group of students to execute the business plan using DNAcreator to build the proposed DNAapp.