Payments processing giant Fiserv is working with the state of Kansas to create a strategic fintech hub in a Kansas City suburb, the company said in a news release Monday.
The hub is part of the company's goal to build large fintech hubs throughout the country and create more opportunities for Milwaukee-based Fiserv’s employees, the news release said.
"This location will bring approximately 2,000 jobs to the state," the news release said, although it provides few additional details on what kind of work will be done there and what the state’s role is in the process.
A Fiserv spokesperson declined to offer more clarity on the timeline or what kind of work will be done at the hub.
The hub will be located in Overland Park, a city just a short drive from the state line between Kansas and Missouri. The Kansas City metropolitan area includes cities and towns in both states.
It’s proposed to be situated at the Aspiria business park that was formerly the headquarters of telecom company Sprint, which T-Mobile purchased in 2020. The footprint for the new hub will consist of 427,000 square feet and two buildings, the release said.
Fiserv picked the Kansas City suburb of nearly 200,000 people for its central U.S. location because of its closeness to the company's Midwestern clients and the region's affordability, the news release said.The company expects to open the hub later this year.
When finished, the hub will be part of a network of hubs throughout the country, according to the news release. The release doesn't say where the other hubs are expected to be located. Fiserv also has an innovation center in Berkeley Heights, New Jersey.
"The greater Kansas City Metro area offers a dynamic environment with a growing population of tech talent, making it the ideal location for Fiserv's next strategic fintech hub,” Fiserv CEO Frank Bisignano said in the release.
Bisignano may soon be leaving his top post at the company. He has been nominated by President Donald Trump to serve as the commissioner of Social Security Administration, but the Senate has yet to vote on his nomination.
