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Latest Canadian credit union to deploy Acumen core banking solution
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Streamlined processing and scalability cited as key benefits for
growing credit union
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$200 million institution also adds audio response and accounting
solutions from Fiserv
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial
services technology solutions, and the leading provider of business
driven technology solutions for credit unions, announced today that
Momentum Credit Union of Hamilton, Ontario, Canada, successfully
implemented the Acumen® core banking solution from Fiserv.
The credit union transitioned from two former platforms that it had
maintained since the incorporation of an area credit union in December
2010.
Leaders for the $200 million credit union said the Acumen conversion has
brought the organization together as one by aligning its front- and
back-office operations, streamlining the sales and administrative
processes and providing the tools necessary to deliver a consistent,
high-quality member experience across all of its branches. Implementing
the highly scalable Acumen solution also positions Momentum Credit Union
for growth, while providing peace of mind from built-in disaster
recovery capabilities.
"We simultaneously completed two system conversions with little impact
to our 11,000+ members — the implementation of Acumen was a success for
our credit union. The Fiserv team impressed us with their project
management methodology and attention to detail," said Malcolm Stoffman,
Chief Executive Officer at Momentum Credit Union. "We look forward to
leveraging this modern technology along with other Fiserv solutions to
achieve our growth and service goals."
In addition to Acumen, the credit union implemented several value-added
solutions from Fiserv including ConvergeIT®: IVR for audio
response and Wisdom® for accounting services.
"Fiserv welcomes Momentum Credit Union to the growing list of Canadian
credit unions that have chosen to take advantage of the modern Acumen
core banking solution, backed by the unmatched stability and expertise
of Fiserv," said Kevin Sparks, Fiserv segment executive for the Acumen
product line. "From the advanced feature functionality of Acumen to the
quality of our service, we are proud to efficiently deliver our highly
flexible banking system that fulfills the strategic business
requirements of progressive credit unions like Momentum Credit Union."
Acumen is the newest choice in account processing for credit unions from
Fiserv. Designed to meet the needs of the largest, most progressive
credit unions, Acumen features an open architecture, advanced
functionality and superior ease of use, plus the ability to
cost-effectively scale as credit unions grow. Acumen is available via
service bureau or in-house delivery.
Additional Resources:
About Momentum Credit Union
Born out of the amalgamation of Hamilton Community Credit Union and Twin
Oak Credit Union in 2010, Momentum Credit Union serves its members
through a network of branches, ATMs in Hamilton, Oakville and Brampton
Ontario. With roughly 11,000 members and $200,000,000 in assets,
Momentum Credit Union offers a full range of financial products and
services for individual and small and micro business clients.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider
serving the financial services industry. Fiserv is driving innovation in
payments, processing services, risk and compliance, customer and channel
management, and business insights and optimization. For six of the past
eight years, Fiserv ranked No. 1 on the FinTech 100, an annual
international listing of the top technology providers to the financial
services industry. For more information, visit www.fiserv.com.
(FISV-G)
Media Relations:
Alicia Bell
Director of Communications
Credit
Union Solutions
Fiserv, Inc.
469-287-3709
alicia.bell@fiserv.com
Additional
Fiserv Contact:
Julie Smith
Public Relations Manager
Corporate
Communications
Fiserv, Inc.
412-577-3341
julie.smith@fiserv.com
Source: Fiserv, Inc.
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