Fiserv's pending acquisition of ACI Worldwide's Community Financial Services business represents an opportunity for the Brookfield, Wis.-based core processor to gain new credit union clients and compete with Internet banking providers, according to a financial consultant with Cornerstone Advisors.

The newly acquired assets will provide Fiserv's customers with a suite of digital banking and electronic payments solutions, including Architect Banking, which supports online, mobile and tablet banking for retail financial institution and small business customers on a single platform.

"This appears to be an opportunity for Fiserv to buy more credit union clients and gain an emerging Internet banking product [Architect] to help combat the non-DNA Fiserv core customers going to third-party, best-of-breed Internet banking competitors," Brad Smith, managing director, technology solutions for the Scottsdale, Ariz.-based Cornerstone Advisors, said.