PYMNTS
28 May 2026, 18:48 UTC · 3h ago
Fiserv Turns to Cognition to Modernize Banking Tech
Source · https://www.pymnts.com/partnerships/2026/fiserv-turns-to-cognition-to-modernize-banking-tech/
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PYMNTS
28 May 2026, 18:48 UTC · 3h ago
Source · https://www.pymnts.com/partnerships/2026/fiserv-turns-to-cognition-to-modernize-banking-tech/
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Story key points
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Fiserv is partnering with Cognition to use the AI software engineer 'Devin' to modernize core banking technology and accelerate the shipping of new capabilities. — Reducing the historically slow pace of core banking modernization could significantly improve Fiserv's operational efficiency and product competitiveness.
+0.40Cognition recently raised $1 billion in funding, bringing the company's valuation to $26 billion. — A massive valuation and funding round for an AI agent startup signals strong institutional appetite and validates the commercial viability of AI software engineering.
+0.30Fiserv has launched 'agentOS', an agentic AI operating system designed to help financial institutions deploy and scale AI agents. — Developing the infrastructure to manage AI agents allows Fiserv to capture a strategic role as the primary gateway for AI adoption in banking.
+0.20Ticker attribution
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Fiserv is partnering with Cognition to modernize core banking technology and accelerate the delivery of new capabilities.
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