BROOKFIELD, Wis. - (07/07/05) -- Fiserv said Wednesday it hasacquired Administrative Services Group Inc., a Lexington, Ky.-basedemployee benefits plan administrator. ASGI markets its self-fundedservices under the name Commonwealth Administrators LLC, primarilyto companies in Kentucky and Indiana. The company is the largestadministrator of trade association health plans in Kentucky. Termsof the deal were not disclosed.
Closing its Brex acquisition adds a corporate-focused fintech and new agentic commerce tools to an already considerable consumer payments division.
American Banker data found that those who upped artificial intelligence spending by more than 25% in the last year saw major improvements in employee output.
A new Basel III proposal offers mixed results for warehouse lending, with some risk-weight relief for banks but tougher terms that could crimp credit availability for nonbank mortgage lenders.
Organizers of the Winter Park-based Portrait Bank said they exceeded their capital-raise target by a wide margin, clearing the path for a June soft launch.
