Verady announces new ground breaking partnership with Fiserv

By Pavithra R

Fiserv, a leading global provider of financial services technology solutions, has announced enabling consumers to share data on their cryptoasset holdings with their fintech apps and service providers, including a broad array of financial institutions, wealth managers, and lenders, enhancing consumers’ financial management and control as crypto asset investing reaches the mainstream.

The new capability will be enabled through the integration of AllData Aggregation from Fiserv with Verady, the creator of Ledgible Crypto Tax and Accounting software and provider of cryptocurrency tax, accounting, and audit technology products and integrations. The integration is particularly timely as an estimated 46 mn U.S. consumers now own a cryptoasset.

“Cryptoassets continue to grow in importance as they make their way into the portfolios of mainstream investors, who need and want to share asset information with their wealth managers, lenders, tax preparers and fintech apps. Now, in addition to the wide array of financial information we already aggregate, including bank account, bill payment and loan information, AllData Aggregation will provide ongoing visibility into cryptoasset investments, all through the aggregation platform these providers rely upon today,” said Byron Vielehr, chief digital and data officer at Fiserv.

AllData Aggregation enables financial institutions, fintechs and other companies to access data and facilitate transactions across existing and emerging applications, and consumers to connect to their bank account, billing, card, mortgage and other data through the third parties of their choosing

“The integration of our Ledgible platform’s cryptoasset data capabilities into AllData Aggregation brings a singular solution to the industry. As this emerging asset class continues to rapidly expand in adoption and value, the number of people holding cryptoassets is exploding as well. It is critical to deliver the data consumers, financial advisors, and businesses need to actively manage these investments and report on their performance and tax,” said Kell Canty, CEO at Verady.

Established in 1984, Fiserv is a global provider of payment and financial services technology. The FinTech aspires to move money and information in a way that moves the world. The Firm is a member of the S&P 500 Index and the FORTUNE 500 and is among FORTUNE World’s Most Admired Companies.