Mortgage tech provider PCLender acquired by Fiserv
Fiserv has acquired PCLender, a US-based provider of “simple, elegant, internet-based mortgage solutions for community banks, credit unions and mortgage bankers”.
Credit Union
Prospera CU is Open Anywhere to omnichannel onboarding
Prospera CU, a 63,000-member credit union in British Columbia, Canada, has launched Open Anywhere, a real-time application processing across all of its digital and physical channels. The solution is provided by Central 1 Credit Union in partnership with Canadian tech heavyweight CGI.
Fintech funding round-up: 25 July 2017
Whether you call it dinero or dough, the fintech funding does flow! This latest round-up features Revolut, Constellation Digital Partners, Paytm, Mobiquest Mobile Technologies and Wesleyan Bank. Following on from the $66 million raised in a Series B round, UK-based payments start-up Revolut is looking for an additional £4 million in exchange for shares in […]
Pennsylvania State Employees CU ditches Symitar core banking system for Corelation’s Keystone
US-based core banking software vendor Corelation has inked a deal with its largest customer to date, Pennsylvania State Employees Credit Union (PSECU). The credit union will replace its legacy Symitar core processing platform with Corelation’s Keystone.
Diamond Credit Union “humanises relationships” with video banking service
Pennsylvania-based Diamond Credit Union has implemented Vidyo’s technology “to unite its community and employees remotely through face-to-face video collaboration”.
Urban FT buys iParse to speed mobile app onboarding for FIs
Mobile banking technology firm Urban FT has completed its acquisition of iParse LLC
Financial Resources FCU revamps online mortgage tech with Roostify
Financial Resources Federal Credit Union in the US state of New Jersey has implemented Roostify’s mortgage technology platform.
Wellspring Credit Union converts to FLEX core system
Wellspring Credit Union, a $48 million entity in the US state of Texas, has gone live with a new core processing system supplied by Utah-based tech developer FLEX.
Baxter Credit Union to launch video-only branches with Vidyo
Baxter Credit Union (BCU) is launching a network of unmanned, video-only branches this year, and will be using Vidyo’s cloud-based video collaboration technology.
SnoCope Credit Union to save $100,000 per year with core tech conversion
SnoCope CU, a small credit union in the US state of Washington, is revamping its core processing technology with CUProdigy. The new cloud-based platform will replace Fiserv’s Galaxy solution.
Greater Wyoming FCU outsources core, digital and cards tech to Fiserv
Greater Wyoming Federal Credit Union has ditched its incumbent core software provider for Fiserv. The credit union has implemented Fiserv’s Portico core processing and digital banking system on a hosted basis.
Lone Star Credit Union live with new core banking system, Keystone
Texas-based Lone Star Credit Union has become the 50th live site for the Keystone core processing system, supplied by Corelation.
Sandia Laboratory FCU revamps tech front-to-back office
Sandia Laboratory Federal Credit Union (SLFCU), the largest credit union in the US state of New Mexico, is modernising its front-to-back office technology with Alkami Technology and Corelation.
Fiserv the Architect for Affinity Plus digital banking revamp
Minnesota-based Affinity Plus Federal Credit Union has selected Fiserv’s Architect platform for a digital banking overhaul. The credit union will use Architect to help its online and mobile customers in branches, over the phone, and through digital channels. Dave Larson, president and CEO, Affinity Plus Federal Credit Union, says Fiserv has “the size and expertise […]
Redwood Credit Union launches mobile P2P payment service
California-based Redwood Credit Union (RCU) has launched a new mobile peer-to-peer payment solution, RCUPay. “RCU ends the IOU,” the credit union states.
New Zealand preps for new credit union law
A new law in New Zealand is being readied with plans to bring in more innovation and accountability to credit unions. Called the Friendly Societies and Credit Unions (Regulatory Improvements) Amendment Bill, the new legislation will update the law for credit unions and their associations. It has been read for the first time in Parliament. […]
Top fintech stories this week – 9 June 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Bankjoy scores digital banking tech deal with SafeAmerica Credit Union
California-based SafeAmerica Credit Union is building a new omnichannel banking platform with fintech start-up Bankjoy.
CPI Touts Speed, Security of New Instant-Issuance Printer
A new instant-issuance product from CPI Card Group promises faster card processing times along with higher resolution printing. Called Precision by Card@Once, the system is designed to improve security and the customer experience.
Argent Credit Union live with new core platform, Keystone
Argent Credit Union in the US state of Virginia has converted to a new core processing platform, Keystone from domestic software developer Corelation.
Abcul perseveres with Model Credit Union project
The Association of British Credit Unions (Abcul) says it is making progress with its Model Credit Union initiative, to modernise the tech and operations of its members. Three credit unions are now live with new core and mobile banking software.
BankBI gains first US customer, Our Community Credit Union
Our Community Credit Union (OCCU), a $328 million institution in the US state of Washington, has selected BankBI’s financial and banking performance software.
Crosstown Civic Credit Union in digital banking tech revamp
Crosstown Civic Credit Union, a 31,000-member institution in Winnipeg, Canada, is modernising its digital banking delivery channels with Central 1 Credit Union. Crosstown Civic CU is implementing Central 1’s MemberDirect platform, provided on a hosted basis.
A credit union star is born with Constellation launch
North Carolina-based Coastal Federal Credit Union and eight partners have unveiled Constellation Digital Partners – an organisation offering the “first and only” suite of digital financial services dedicated solely to credit unions. The creation of the firm and its platform is the result of a three-year long R&D effort, which culminated in the filing of […]
Dover Federal Credit Union revamps core system with Symitar’s Episys
Delaware-based Dover Federal Credit Union has opted for the Episys core system for in-house processing from Jack Henry’s Symitar subsidiary. According to Symitar, Dover FCU’s chief innovation officer, Travis Frey, had encountered Episys at two prior credit unions, and was “confident in the flexibility and scalability of the system”. Frey says its core selection process […]
New online banking platform for AmeriChoice FCU
Pennsylvania-based AmeriChoice Federal Credit Union has launched a new online banking platform based on the Symmetry e-banking software from Wescom Resources Group (WRG).
Geezeo puts your reputation on the online
“The first thing I do in the morning is brush my teeth and sharpen my tongue.” The acidic words of American writer Dorothy Parker. But sharp tongues will now come under the scrutiny of a new digital reputation management service. Be nice everyone and form a giant group hug. Geezeo Interactive, the marketing arm of […]
Maryland credit union duo merge on FLEX core tech
Two small credit unions in the US state of Maryland, Perry Point Federal Credit Union and Central Credit Union of Maryland (CCUMD) have merged.
Lehigh Valley Educators CU live with new core tech
Lehigh Valley Educators Credit Union has gone live with a new core processing platform, Keystone, supplied by Corelation. The Pennsylvania-based credit union stated its tech renovation project last year.
Symitar edges to new record with six credit union clients
Jack Henry’s subsidiary Symitar has set a new record with the addition of six new US credit unions to its Episys core processing system in one fiscal year. All of these credit unions have more than $1 billion in assets and Symitar says getting six new relationships in one fiscal year breaks its previous record […]
Corelation signs three credit unions for Keystone core tech
California-based core banking software vendor Corelation has added three more customers to its list. These are Blue Eagle CU, Brazos Valley Schools CU and Long Beach City Employees FCU.
SouthEast Bank in front-to-back office tech revamp with Fiserv
SouthEast Bank, a $1.2 billion financial institution in the US state of Tennessee, is implementing Fiserv’s DNA core banking system and a range of auxiliary solutions from the vendor.
Coca-Cola Credit Union in front-to-back office tech revamp
Coca-Cola Credit Union in the US state of Georgia is modernising its online and mobile banking with Bankjoy, and its back office tech with Corelation.
Corelation’s Keystone core banking system gets two new live sites
Two federal credit unions in the US, People First in Pennsylvania and Greater Alliance in New Jersey, have converted to new core processing software. Both are now live on the Keystone platform supplied by domestic vendor Corelation.
FLEX converts eight credit unions to its core processing tech
US-based tech provider FLEX has moved eight credit unions to its core processing software over the last year and made inroads “into the warmer climes of Hawaii”.
Symitar Ease hosted core platform gains two new takers
VA Desert Pacific Federal Credit Union and East Idaho Credit Union have entrusted their core processing operations to Symitar Ease, supplied by Jack Henry’s subsidiary Symitar.
CapEd, Pacific Marine and Camino Federal credit unions live with new core software
CapEd Credit Union in Idaho, and two Californian credit unions, Pacific Marine and Camino Federal, have converted to new core processing software, Keystone, supplied by Corelation.
US credit unions aim to cut down call centre fraud with new tech
Hoping to put a dent in a method of fraud that costs US companies $10 billion annually, PSCU, a credit union service organisation that serves 850+ credit unions, will use technology from Pindrop.
Corporate One Federal Credit Union tests real-time payments with D+H
North American banking and payments tech vendor DH Corporation (D+H) is helping Corporate One Federal Credit Union move to real-time payments. Corporate One FCU is using D+H’s cloud-based testing environment to simulate connectivity to The Clearing House’s (TCH) real-time payments network.
Three US FIs in tech revamps
Credit Union of Southern California, Brazosport Teachers Federal Credit Union and Rosedale Federal Savings & Loan Association are undergoing tech modernisation.
