Municipal Credit Union revamps digital payments with Payveris
Municipal Credit Union (MCU), a $2.5 billion credit union in New York, is implementing a new digital payments platform supplied by Payveris.
Credit Union
Industrial CU live with new core banking system, Keystone
Washington-based Industrial Credit Union has converted to a new core banking system, Keystone from Corelation.
Corelation gains new core banking tech clients, reports go-lives
Corelation, a California-based core banking software vendor, has recently signed new takers for its flagship platform, Keystone. These are FivePoint Credit Union in Texas, Coca-Cola Credit Union in Georgia, and CommunityWide Federal Credit Union in Indiana.
Mobile banking tech start-up Bankjoy signs two credit unions
Fintech start-up Bankjoy has secured two clients for its online and mobile banking software, Georgia Heritage Federal Credit Union and Wepawaug-Flagg Federal Credit Union.
London Mutual Credit Union live with new core banking and debit card systems
India-based core banking tech provider TCS Financial Solutions has gained its third live site among the UK credit unions for its Bancs core banking system, London Mutual Credit Union.
New go-lives for D+H Corporation’s PhoenixEFE core banking system
Provident Credit Union in California and MountainOne Bank in Massachusetts have gone live with new core banking software – PhoenixEFE from D+H Corporation.
Idaho Central Credit Union opts for Alkami ORB platform
US-based Idaho Central Credit Union (ICCU) has launched on Alkami Technology’s ORB digital banking platform – integrating with ICCU’s Fiserv DNA core platform. The new platform offers features such as automated clearing house (ACH), wires, bill pay, external transfers, dual authorisations, entitlements and payment templates. Shannon Marshburn, ecommerce product manager at Idaho Central Credit Union, […]
Queensland Country Credit Union in core banking overhaul
Australia’s Queensland Country Credit Union is replacing its core banking legacy systems and going digital with the help of local vendor Data Action (DA). Adelaide-based DA will be supplying its core banking and digital systems, DA CBS and DA Digital Banking respectively. At the front end, the credit union will get a new internet banking […]
Credit Union Australia launches two-minute customer onboarding with Cloudcase
Credit Union Australia (CUA) can now onboard a customer in two minutes, including ID verification, offer generation and account generation to the core. The underpinning solution is provided by a domestic fintech start-up, Cloudcase Software Solutions.
Desert Schools FCU tech modernisation on track
Desert Schools Federal Credit Union is modernising its digital channels with specialist vendor Alkami Technology. Alkami’s flagship digital platform, ORB, will support the credit union’s 22,000 online banking users.
Banking Technology September 2016 issue out now
The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.
Top fintech stories this week – 9 September 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Barclays and Wave pioneer blockchain trade finance transaction What is a fintech day without blockchain? UK challenger banks: who’s who The list has been updated. US credit union consortium plots blockchain use Watch out R3. Smile and an […]
Windsor Family Credit Union launches Eva banking solution
Canada-based Windsor Family Credit Union (WFCU) has unveiled its new line of everyday accounts – Eva – for “unlimited” daily banking. WFCU says Eva provides “unlimited” deposits, withdrawals, transfers, electronic and cheque debits, point-of-sale transactions, ATM transactions worldwide and “unlimited” bill payments online, by phone, in-branch or at an ATM. Account access through online, mobile […]
New credit union coming to Isle of Man
A group of volunteers is in the process of setting up a new credit union in the Isle of Man – Manx Credit Union. The Manx Credit Union Working Party has been set up, chaired by David Talbot, a retired accountant. “It is non-political and non-denominational,” the Manx Credit Union website states. The volunteers come from […]
Meridian Credit Union plans to take on top Canadian banks by launching own bank
One of Canada’s ten largest credit unions, Meridian CU, is looking to launch a new digital bank and has applied for a banking licence. “We believe, and our research shows, that there is a clear desire in the marketplace for an innovative digital bank that offers a true full-service alternative to the big banks,” states […]
New core banking software project for Temenos in Canada
Integris CU, a credit union in Canada’s British Columbia, is implementing a new core banking platform, Banking Technology understands. This is Temenos’ T24. In addition, the credit union will also deploy Temenos Connect (digital channels) and Insight BI (business intelligence), it is understood. No comment was available from Integris. Integris was formed in 2005 as […]
Two credit unions on to Fiserv’s OnCU core processing solution
Two US credit unions have selected Fiserv’s integrated OnCU core account processing solution suites. Badlands Federal Credit Union, based in Montana, and Danville City Employees Federal Credit Union, based in Virginia, will use the Software-as-a-Service (SaaS) suites. The solutions will be customised for each of them. Lisa Tickle, manager of Danville City Employees FCU, says: […]
Meridian Trust Federal Credit Union swaps in-house core deployment for outsourcing
Wyoming-based Meridian Trust FCU has converted to a hosted version of its core processing system, Symitar’s Episys. The credit union originally installed it in 2010 in-house. Symitar (a subsidiary of one of the “big four” core processors in the US, Jack Henry) says that as the time came to update its servers, Meridian Trust decided […]
“Strong sales” send Fiserv revenue rising
Fiserv’s GAAP revenue increased 5% to $1.36 billion for the second quarter of 2016. Compared to Q2 2015, its payments segment saw 9% growth and the financial segment grew 1%. In terms of the first six months of 2016, the firm’s financial results were a similar story. GAAP revenue increased 5% to $2.69 billion, with […]
Pennsylvania credit union goes live with Temenos’ lifecycle management suite
Pennsylvania State Employees Credit Union (PSECU) has gone live with Temenos’ Lifecycle Management Suite’s account origination module. Temenos says PSECU was looking for a method to “streamline” the account opening process for both deposit and loan-based accounts. Andrew Coy, AVP of lending, PSECU, says the account origination solution goes “hand-in-hand with the other Temenos Lifecycle […]
Top fintech stories this week – 29 July 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Abcul slow on tech modernisation project Exclusive: First credit unions to go live before year-end. New mobile banking for SMEs readies for UK launch Tide will offer a “nimble small business current account”. Top ten retail banking sites […]
Abcul slow on technology modernisation project; first credit unions to go live before year-end
The Association of British Credit Unions (Abcul) is yet to go live with its new shared core platform for its members, a project it has been working on for over two years. The UK government is behind the Abcul project, as part of the Department of Work and Pensions’ Credit Union Expansion Programme. The overall […]
Fiserv gains with Dakota Plains
Dakota Plains Credit Union has replaced its existing system with an integrated technology suite from Fiserv, including XP2 for core account processing. The North Dakota-based credit union will also use Fiserv’s Virtual Branch for online banking, Mobiliti for mobile banking, CheckFree RXP for electronic payments, Statement Advantage for statements and e-statements, Wisdom for comprehensive accounting […]
Encentus Federal Credit Union selects Fiserv’s Portico core processing system
Oklahoma-based Encentus Federal Credit Union has chosen Fiserv’s Portico core account processing platform for digital banking and lending services. The credit union is migrating from its current providers to Fiserv; and Misty Potter, president and CEO, Encentus, says Fiserv “will empower our credit union with the progressive and innovative technology to drive a more rewarding […]
Jack Henry and Symitar in core software projects across US
US-based banking software heavyweight Jack Henry & Associates and its Symitar subsidiary are busy with a number of core software projects across the US. Jack Henry converted Georgia-based Bank of Newington and Wisconsin-based Cleveland State Bank to its Windows-based Core Director platform. Both banks decided to replace their previous core systems and multiple third-party vendor […]
New coalition to ensure fair banking software deals for community FIs
A new alliance of US community banks, credit unions and other financial institutions – Golden Contract Coalition (GCC) – launches to stand up to IT providers. GCC’s aim is to ensure fair market deals from the technology suppliers to its members. “GCC is the first alliance of its kind where a group of like-minded institutions […]
Nymbus acquires credit unions software vendor KMR
Hot on the heels of the R. C. Olmstead (RCO) acquisition, core banking software start-up Nymbus takes over another fellow vendor, KMR. KMR was founded in 2007 and focuses on the US credit union space. Its flagship suite, AgilityFOUR, consists of two products: AgilityWeb (a remote banking solution) and AgilityOrg (credit union management and compliance software). […]
Philippines credit union groups sign for Temenos’ software
Two Philippines-based credit union networks, National Confederation of Cooperatives (NATCCO) and Philippine Federation of Credit Cooperatives (PFCCO) will build a common banking and payments platform based on Temenos’ software. The new platform will underpin the service known as the ACCU Payment Platform (APP). ACCU stands for “Asian Confederation of Credit Unions” – both NATCCO and […]
Coast Capital Savings Credit Union looks for Temenos T24 software developer
One of Canada’s largest credit unions, Coast Capital Savings CU, is looking for a full-time software developer experienced in Temenos’ T24 core banking system. What’s the job? Writing code, developing and customising the credit union’s core processing platform, T24. “That sounds pretty simple but working on the software platform that powers our core banking operations […]
Perception brings to market new core platform for UK credit unions, lenders and start-up banks
UK-based financial services vendor Perception is building a new comprehensive platform for credit unions, community development financial institutions (CDFIs), loan companies and start-up banks. The solution aims to cover loans, savings, mortgages and current account business lines, front-to-back office. Be different, make a difference Perception has identified the gap in the market that it feels […]
Top fintech stories this week – 22 April 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Corelation’s Keystone core system reaches 50 users All aboard for US-based credit unions. Citizens Bank plans core banking revamp with FIS Bank is also looking at a new mobile platform and middleware layer. Scotiabank invests millions of dollars […]
Corelation’s Keystone core system reaches 50 users
US-based software vendor, Corelation, has onboarded 50 credit unions for its flagship Keystone core system. Keystone is a much newer system than most of its rivals, having hit the market just seven years ago. Corelation has also recently moved to a new head office in San Diego, California, to an office space four times bigger […]
Xceed and Reach Credit Unions to unite on Fiserv’s DNA core platform
California-based credit union, Xceed Financial, is merging with fellow Reach Federal Credit Union. The two entities will use Fiserv’s DNA core processing system as their centralised platform. It will be provided on a hosted basis. Xceed is already on the DNA platform, but has been using it in an in-house environment rather than outsourced. Reach […]
Three US credit unions live with Fiserv’s DNA core processing platform
Three credit unions in the US have converted to the DNA core account processing platform provided by Fiserv. The projects were a couple of years in the making. Texas Dow Employees Credit Union The largest of the three is Texas Dow Employees Credit Union, with $2.7 billion in assets. The DNA platform supports all main […]
UK credit unions busy with tech modernisation
There is a lot of activity going on in the UK’s credit union space, as the participants realise they have no choice but to modernise. So who is doing what? Which technology providers are set to gain and who might be a loser? London Mutual Credit Union and TCS Financial Solutions London Mutual credit union […]
Vibrant Community Credit Union completes core software overhaul
US-based Vibrant Community Credit Union (formerly DHCU) has completed its tech overhaul, with Fiserv’s DNA now supporting its core operations and Alkami’s ORB supporting digital banking activity at the front-end. The project was over a year in the making, and coincided with the brand overhaul at the credit union. It was formerly known as DHCU […]
Top fintech stories this week – 26 February 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Fiserv’s CUnify core processing system bags 25 US credit unions More good news for the US software vendor. IBM delivers blockchain-as-a-service for developers Code to joy… nearly 44,000 lines made available. Potential “merger of equals” between Deutsche Börse […]
Fiserv’s CUnify core processing system bags 25 US credit unions
Fiserv has revealed that 25 US credit unions, with approximately $2.5 billion in assets and 250,000 members collectively, have committed to its CUnify account processing platform. Five of these credit unions are new core processing clients of Fiserv, and will be converting to CUnify in the course of 2016. CUnify is a core platform used […]
Is merging innovative financial technology with credit unions the key to banking the unbanked in Latin America?
Credit unions play a critical role in local economies of countries throughout Latin America and the Caribbean, serving as a vital savings and credit conduit to vast numbers of people, especially those in the lower rungs of the income pyramid who are in many cases, priced out of the traditional banking system
