In an era where the digital divide widens, the partnership between Genesis Bank and Fiserv emerges as a beacon of innovation and inclusivity. This collaboration, aimed at empowering small and mid-sized businesses (SMBs) in low- and moderate-income (LMI) communities, is not just about technology. It’s a testament to the belief that every entrepreneur can dream big and achieve even more significantly with the right tools and support.
Bridging the Digital Divide with Genesis Bank
We announced today that Genesis & Fiserv will partner to offer businesses located primarily in low- and moderate-income communities access to Clover point-of-sale technology with zero entry costs and significantly discounted subscription fees. Learn more: https://t.co/hxOiE63CYSpic.twitter.com/MHDalUOpZb
Genesis Bank distinguished as one of only two diverse multiracial Minority Depository Institutions (MDI) in the U.S., has taken a significant step forward by partnering with Fiserv, a global leader in payments and financial services technology. This alliance is set to provide SMBs access to Clover’s point-of-sale (POS) technology, offering a lifeline to businesses often overlooked by mainstream financial services.
Genesis Bank’s Vision for Inclusive Growth
Stephen H. Gordon, Chairman and Chief Executive Officer of Genesis Bank, emphasises the transformative impact of this initiative, stating, “As the underlying nature and complexity of technology continues to evolve, gaining access to advanced POS systems has become essential for businesses to operate, compete, and grow effectively.” This statement underlines a crucial point: in the digital age, access to technology is not just a convenience; it’s a necessity for survival and growth.
Fostering Community Through Financial Technology
Neil Wilcox, Head of Corporate Social Responsibility at Fiserv, echoes this sentiment, highlighting the role of financial technology in fostering vibrant, entrepreneurial communities. “By partnering with Genesis Bank, we can support their growth and help maximise their impact by providing critical financial technology resources,” he notes. This partnership is about more than just technology; it’s about creating a support system that nurtures the growth of SMBs, enabling them to play a meaningful role in their communities.
Genesis Bank and Fiserv: A Technological Lifeline for SMBs
The Clover POS system is at the heart of this partnership. It’s not just a tool for accepting payments; it’s a comprehensive business management system that offers capabilities to enhance customer experience and streamline operations. Genesis Bank and Fiserv are removing a significant barrier to technology adoption for SMBs in LMI communities by providing access to Clover with zero entry costs and significantly discounted subscription fees.
A Blueprint for Inclusive Economic Growth
This initiative reflects a broader trend towards inclusivity and support within the financial sector. As businesses navigate the challenges posed by a rapidly evolving economic landscape, partnerships like the one between Genesis Bank and Fiserv offer a blueprint for how companies can work together to drive positive change. It’s a reminder that at the intersection of technology and finance lies the potential to empower communities, foster innovation, and pave the way for a more inclusive economy.
In conclusion, the partnership between Genesis Bank and Fiserv is more than just a business deal. It’s a commitment to breaking down barriers, empowering entrepreneurs, and creating opportunities for growth and development. As Stephen H. Gordon aptly puts it, this collaboration is about impacting the diverse, entrepreneurial LMI communities across Southern California. This narrative is not just about technology; it’s about hope, resilience, and the power of collaboration to create a brighter future for all.
