Fiserv partnered with AI firm Cognition to deploy Devin, the first AI software engineer. The collaboration aims to modernize Fiserv’s core banking technology and accelerate feature delivery for financial institutions.
Fiserv will use Devin to automate complex engineering tasks, shortening software release cycles while improving platform stability and security. Initial projects focus on core platform modernization to increase engineering capacity. This initiative allows human teams to prioritize high-value client improvements. Financial terms of the agreement were not disclosed.