Fidelity Employee Services Co. is planning to broaden its Internet-based services, says Steven Eltrich, an executive vice president with the three-year-old division. Founded in 1995 as the Benefits Center, the unit provides back office processing for corporate plan sponsors and was given its current name last May. It's part of a major initiative by Fidelity to generate additional fee income to augment its core fund operations.
Last summer, the unit completed the overhaul of its core database
Bloomberg's Gerard Francis comes on the podcast to talk about how data fragmentation issues are becoming more challenging.Subscribe to Weekly Wrap emails