Fiserv Ratchets Up R&D Spend, CEO Says
Bank Innovation
MARCH 8, 2017
SAN JOSE, Calif. — Fiserv has increased its research-and-development spending to 7% of revenue this year, up from 5% last year, CEO Jeff Yabuki said at the Bank Innovation 2017 conference here on Monday. In 2016, Fiserv recorded $5.5 billion in revenue — which means somewhere around $385 million flowing into tech.
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