Fiserv has finalized an agreement to acquire StoneCastle Cash Management, with financial details remaining undisclosed.
Established in 2009, StoneCastle provides a network of depository institutions—primarily community banks and credit unions—with access to stable, cost-effective deposit funding sourced from numerous businesses and enterprise clients maintaining cash balances.
Through this acquisition, Fiserv aims to position itself as a technology-oriented provider of billions of dollars in institutional deposits, drawing from its existing enterprise clientele. The integration of insured deposit products with core account processing, digital banking, payments, and cash management will enable financial institutions to fortify their balance sheets.
Furthermore, StoneCastle will facilitate integrated access to various contingent funding solutions for financial institutions. Fiserv intends to utilize StoneCastle’s platform to support financial institutions in retaining funds linked to FIUSD stablecoin issuance.
Takis Georgakopoulos, COO of Fiserv, commented on the acquisition: “This development enhances Fiserv’s position in core banking, allowing institutions to manage cash that supports FIUSD stablecoins, while simultaneously unlocking new value and driving innovation within the financial ecosystem.”