Fiserv has partnered with Rutgers University-Newark to create the Fiserv-RU-N Program for Inclusive Innovation. This exciting new project is designed to drive diversity and innovation within the field of financial technology by providing resources, jobs and opportunities to students, faculty, and local businesses.
As part of the program, Fiserv is providing $5.15 million in funding to open a state-of-the-art innovation center on its campus at Berkeley Heights, announced last fall. It will house technology and provide ample space for collaboration and research. Fiserv-RU-N will support research involving technology and commerce, such as cybersecurity and legal and ethical topics in the field of fintech.
Additionally, Fiserv-RU-N will offer forty $2,500 scholarships annually to Rutgers undergraduates, half of which will go to military veterans and Rutgers Business School students. RU-N will also provide support for career modules to prepare students for internships and jobs, including positions at Fiserv.
Deepening Our New Jersey Roots
Fiserv’s foothold in Berkeley Heights, together with the RU-N program, is slated to retain or create roughly 3,000 new jobs, providing a significant boost to commerce in the Newark region and beyond.
Apart from the Fiserv-RU-N Program, Fiserv supports Rutgers-Newark through the Center for Urban Entrepreneurship (CUEED) and Rutgers Advanced Institute for the Study of Entrepreneurship and Economic Development (RAISED), which work with minority, women, and veteran owned businesses throughout New Jersey.
Facilitating Innovation Through Diversity
Diversity and inclusion are two of Fiserv’s core principles. The diverse Rutgers community is the perfect incubator for creative fintech solutions that benefit people from every walk of life. A wide range of perspectives helps develop new answers to the challenges we face in the financial services industry.
As Chief Technology Officer at Fiserv, I am looking forward to seeing the creative solutions that will come from the young minds at RU-N. Since beginning my career 20 years ago, I’ve seen the business technology landscape change more rapidly each day. I have no doubt that the RU-N community will deftly meet these challenges.
You can follow Fiserv’s developments at our newsroom.
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