Name: Fiserv Wealth Management Network
Rating: 8 (3 reviews)
Author: Fiserv

Help Desk

Web and Video Conferencing

Customer Support

Changelog

Continuous Integration

Development

Higher Education

Education

Business Intelligence (BI)

Case Management

Collaboration

Document Generation

File Sync

Office Suites

Streaming Analytics

Enterprise

Accounting

Cryptocurrency Mining

SaaS Spend Management

Finance and Accounting

Applicant Tracking

Compensation Management

Corporate Learning Management

Diversity, Equity, and Inclusion (DEI)

Freelance Management

HR Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Application Virtualization

Change and Configuration Management

Cloud Storage

Digital Experience Monitoring (DEM)

Disaster Recovery

Disaster Recovery as a Service (DRaaS)

Enterprise Printing

Fraud Detection

IT Service Providers

Incident Response

Integration Platform as a Service (iPaaS)

IoT Security

Managed Security Service

Message Oriented Middleware

Network Performance Monitoring

Open-Source Database

Penetration Testing

Phishing Detection and Response

Routers

Sensitive Data Discovery

Virtualization Management

Information Technology

A/B Testing

AI Image Generation

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Email Marketing

Marketing Automation

Mobile Marketing

Personalization Engines

Public Relations (PR)

Retail Media Advertising

Social Media Management

Survey & Forms Building

Technology Review

Video

Web Analytics

Marketing

Field Service Management

Project Management

Professional Services

Customer Relationship Management (CRM)

Sales

Cloud Security Posture Management

Security

Clinical Trial Management

Interior Design

Law Practice Management

Nonprofit Advocacy

OSS/BSS (Operations Support/Business Support)

Practice Management

Real Estate Property Management

Vertical-Specific

medium

large

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Cloud Data Integration

Pre-built connectors

Connector modification

Support for real-time and batch integration

Data quality services

Data security features

Monitoring console

Anypoint Platform Mule Data Integrator MuleSoft Anypoint Platform

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Snowflake

Cloud Data Warehouse

Snowflake Computing

Informatica B2B Data Exchange

Electronic Data Interchange (EDI)

Informatica

Apache Kafka

Message Queue

Apache

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Data-as-a-Service (DaaS)

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small

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Kyriba

Treasury Management

Cash and Liquidity Management

Financial Fraud Prevention

Treasury Management Payments

Bank Account Management

Treasury Risk Management

Treasury Reporting

Liquidity Forecasting

Market Data

Kyriba Corp.

The Wealth Management Network from Fiserv is an expansive networks of managed account data and connectivity. It brings together asset managers and sponsors to perform all necessary business functions to support the industry. The Network includes messaging services, information exchange, and managed account data services.

Boomi is a cloud-based, on-premise, or hybrid integration platform. It offers a low-code/no-code
interface with the capacity for API and EDI connections for integrating with external organizations and
systems, as well as compliance with data protection regulations.

Boomi

Jitterbit is a cloud integration technology for cloud, social or mobile apps. It provides accessibility for
non-technical users, including easily creating API’s and data transformation scripts within the
integrations.

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Fiserv Wealth Management Network

Electronic Data Interchange (EDI) is software that serves to mediate between two separate and often already existing programs. Typically, EDI programs provide messaging services so that different applications can communicate.

Likelihood to Recommend

Fiserv, Inc. is a leading global technology provider serving the financial services industry, with software solutions for payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. The company was founded in 1984 and is based in Brookfield, Wisconsin. 

Fiserv

Reviews

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

TrustRadius

System updates

Bit outdated

Updates and changes

Going down

Lot of resources

Quarterly updates

Responsive support

Support engineers

Not the cheapest

Customer success

Real time

Online resources

Easy to navigate

Home

AcctTwo Shared Services

Helps us make new payments and also refunds for the clients and projects. This product helps us load bankruptcies and send files to attorneys. They host all of these services in offsite datacenters that we have direct circuit connections to. Handle the back end for all of our account transactions, opening new accounts, transfers, etc.

Product Usage

Pros and Cons

R&D is fantastic as they have the resources
Online resources to help figure things out
Easy to navigate

Things done well

The Access Manager module is a little bit outdated
They like to charge you for every small thing
Intermittent issues with their circuits going down

Things done poorly

They offer almost every single thing a financial institution would need for their core business allows you to save quite a bit of money by bundling everything together. Fiserv has greatly increased the speed in which they roll out new banking product. From a banking software platform, they are the best in the business.

Multitude of features
Speed of rolling out new products

Most Important Features 3.4.21

Add ons for what they say the product can do is very expensive or you have to do a lot of things manually

Return on Investment

Far superior in my opinion. More features, easier to navigate and superior customer service.

Alternatives

Fiserv Wealth Management Network 2022-05-30 10:42:06

Salesforce Sales Cloud

Salesforce Commerce Cloud

Splunk Enterprise

Qualys TruRisk Platform

The main way we use Fiserv Wealth Management Network is by leveraging their Asset Manager Connect product which is bundled with their messaging services and data services. This allows us the benefits of having a single pane for interacting with different account partners including real time data entry, consolidated reporting across managed partners and the capability to broadcast unified account specific communications across those engagements.

has an extensive network that integrates with a large majority of managed account partners in real time
consolidates access to portfolio tools and reports across partners
Automates messaging and notifications

Cost ... it's definitely not the cheapest option out there. the way pricing is itemized and a separate upcharge for each add-on gets annoying. They can probably bundle things a little better and offer a discount on the bundled products
the volume of system updates and changes is nauseating at times and we have to prepare and test accordingly every time there is a scheduled update. that takes up a lot of resources; quarterly updates to products would be much easier.
more responsive support and ideally more stable support engineers ... it seems like turnover is high in their support roles and that impacts customer success and MTTR.

Fiserv Wealth Management Network is well suited in scenarios where an organization has multiple financial services providers and would like the benefit of tying that all together and managing it from a single, unified solution. The benefit there is increased efficiency and productivity, especially when compared to the manual alternative of having managers log in to separate sponsor platforms.

Asset manager connect which provides a single pane of interaction to multiple managed accounts / platforms
Messaging services ... similar to asset manager connect but with respect to unified account comunications
Data Services that enable real time entry and reporting functionality across partners

Speed of service is greatly improved across partners. I believe our MTTR for service requests has improved by 30-40%
Standardized platform for our staff which translates to better retention and a lower training effort.
Cost is the negative impact ... it goes without saying that using Fiserv is much more expensive to the manual alternative which is very human resource intensive but low cost. But that's to be expected ...we're just trading time for money.

I can't name any other competitors that we considered because I have signed multiple NDAs that prohibit me from doing so. 

I can say that the decision to go with Fiserv WMN was in large part because we have other Fiserv Products and as a result, we already have a strong established relationship with Fiserv (and First Data for that matter, before they were acquired by Fiserv).

Salesforce Commerce Cloud, Qualys Cloud Platform (formerly Qualysguard), Splunk Enterprise

Other Software Used

Fiserv Wealth Management Network 2022-05-18 09:26:27

Operating Systems	Unspecified
Mobile Application	No

Fiserv Wealth Management Network

Overview

What is Fiserv Wealth Management Network?

All in one for financials, but can become costly!

Fiserv Wealth Management Network improves reach, strengthens partnerships and optimizes efficiency, allowing us to stay competitive in the constantly evolving financial services landscape

Pricing

Fiserv Wealth Management Network

What is Fiserv Wealth Management Network?

Entry-level set up fee?

Offerings

Would you like us to let the vendor know that you want pricing?

Alternatives Pricing

Boomi

What is Boomi?

Jitterbit

What is Jitterbit?

Product Details

What is Fiserv Wealth Management Network?

Fiserv Wealth Management Network Technical Details

Comparisons

Compare with

Anypoint Platform

Snowflake

Informatica B2B Data Exchange

Apache Kafka

Informatica Data as a Service (DaaS)

Software AG Universal Messaging

SPS Commerce

Magic xpi Integration Platform

IBM MQ

Kyriba

Reviews and Ratings

Reviews

No reviews found