Credit Union


Fintech funding round-up: 30 November 2017

Quickly following on from Tuesday’s (28 November) funding round-up, here are more stories from a cash-drenched world. Features 1QB Information Technologies, FinTecSystems, Betalo, Nordea and Constellation Digital Partners. 1QB Information Technologies (1QBit), a quantum computing firm based in Vancouver, has closed a CA$45 million ($34.9 million) Series B round comprising equity and revenue contracts. This […]

Co-op Money NZ wins credit union legal fight

Co-op Money NZ, the industry body for credit unions and mutual building societies in New Zealand, has won its legal fight to continue providing wholesale banking. The organisation has successfully appealed against the decision of the Registrar of Friendly Societies and Credit Unions. By way of recap, earlier this year, a former Co-op member, Westforce […]

Three US credit unions added to Finastra client list

Three credit unions in the US have signed for the lending software from Finastra (formerly D+H Corporation and Misys). These are Central Florida Educators Federal Credit Union, TruMark Financial Credit Union and Evansville Teachers Federal Credit Union.

Baxter Credit Union takes Temenos’ Lifecycle Management Suite to the cloud

Baxter Credit Union (BCU) has become the first taker of Temenos’ Lifecycle Management Suite in the cloud. The Illinois-based credit union is now live with the system delivered in the Microsoft Azure cloud. The functionality includes collection, service and loan origination. The project, which was completed in four months, also incorporated an upgrade spanning four […]

Guatemalan co-operative network selects Temenos core banking platform

Guatemala-based Federacion Nacional de Cooperativas de Ahorro y Credito (Fenacoac) has selected Temenos‘ RetailSuite core banking platform for its 25 co-operatives that operate under the brand Micoope. RetailSuite is the brand name for a variety of Temenos products, and includes the T24 core banking system and the business intelligence offering, Insight BI. Banking Technology understands […]

Mountain America CU chooses digital banking platform from Alkami

Utah-based Mountain America Credit Union (MACU), with $6.7 billion in assets, will deploy a new digital banking platform courtesy of Alkami Technology, reports Finovate (Banking Technology‘s sister company). The new platform will integrate with Mountain America CU’s existing core system and enable the 650,000 member institution to provide a variety of digital banking services including billpay and PFM. […]

Aotearoa Credit Union goes live on Oracle FSS Flexcube core banking system

Aotearoa Credit Union (ACU), a Māori financial institution in New Zealand, has implemented Oracle FSS’s Flexcube core banking system. ACU, started by the MUMA (Manukau Urban Māori Authority) 28 years ago, is the first Māori financial institution to launch a “tier one” banking platform for its 15,000 members. ACU branches are located in South Auckland […]