Fiserv Increases Compliance Offerings Through Acquisition

Fiserv has acquired certain assets of CT Insurance Services and CCH Wall Street, two product lines of Wolters Kluwer Financial Services. The acquisitions, which include securities registration and producer licensing software from CT Insurance Services and the financial training product line from CCH Wall Street, will add online application capabilities for insurance licensing and securities registration along with NASD exam preparation courses to Fiserv's suite of products.

CT Insurance Services is a provider of enterprisewide systems for insurance licensing and securities registration. The Web-based systems from CT capture data at the origination point, allowing the filer to prepare and submit licensing and registration filings electronically.

The acquired products will become a part of RegEd, the Morrisville, N.C., business unit of Fiserv that provides continuing education and compliance solutions for the securities and insurance industries. RegEd, which serves more than 225,000 registered representatives and insurance agents at more than 500 financial services and insurance companies, will benefit through the acquisition, according to Terry Wade, president of Fiserv Insurance Group. "RegEd already plays a significant role in addressing the compliance and education needs of providers within the insurance industry," Wade says. "The acquisition of additional Web-based solutions from CT Insurance Services and Financial Training will further enhance those capabilities in serving existing and new clients nationwide."