Fiserv sets up subsidiary

Fiserv sets up subsidiary

JAKARTA (JP): Fiserv (Aspac) Pte. Ltd., one of the leading
providers of data processing and information management products
and services, has established a local subsidiary called PT Fiserv
Indonesia to boost its business here.

The managing director of Fiserv (Aspac), Peter Hill, said
yesterday that the new subsidiary -- located at Menara Thamrin --
would provide user and technical support, implementation, sales
and regional software development to clients who have connected
to the Fiserv International Comprehensive Banking System (ICBS).

Fiserv ICBS offers a comprehensive range of products which
cover customer lending, commercial loans and deposits. The
equipment is aimed at delivering high-powdered, effective tools
for customer service in banks.

"The office in Jakarta clearly demonstrates Fiserv's
commitment to the region, a commitment we support with
internationally trained and highly skilled technical personnel,"
Hill said.

He added that in the past six years Fiserv had sold ICBS to
major banks throughout Asia.

"We now have over 40 customers in 23 nations and with the new
office in Jakarta, we know we can make an even greater impact in
the regional market," he said.

Fiserv (Aspac) which was set up in Singapore in 1991 is part
of the United States' Fiserv CBS Worldwide. The company's
customers in Indonesia include Bank Dagang Negara, Modern Bank,
Panin Bank, Bank Papan, Bank Duta and Kharisma Bank. (icn)