WECU is ninth $1 billion-plus financial institution to select DNA®
platform in past six months
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ:FISV), a leading global provider of financial services
technology solutions, today announced that Whatcom Educational Credit
Union (WECU), a $1.4 billion credit union based in Bellingham,
Washington, will move from another supplier to Fiserv to advance its
commercial and retail operations and support continued growth.
Despite solid member, loan and deposit growth in the past five years,
WECU had reached the limits of its current core processing system. The
credit union was looking for built-in support for commercial lending and
deposits, automation, and strong data and analytics capabilities to
enhance its profitability analyses and marketing efforts. WECU also
sought integrated digital banking capabilities that would deliver a
unified experience aligned with the needs of today's connected consumers.
The credit union evaluated four providers and selected Fiserv due to the
strength and integration of its technology. WECU will implement a range
of solutions from Fiserv, including the DNA core account processing
platform, and Architect™ for digital banking. WECU is among the more
than 100 financial institutions to select DNA since the platform became
part of the Fiserv solution set in 2013, and it is the ninth $1
billion-plus financial institution to select DNA in the past six months.
"Our goal is to be a full service, solution-based credit union, offering
business and consumer members an experience that is on par with, or
exceeds, a large commercial bank or a financial services startup," said
Jennifer Kutcher, president and CEO, WECU. "Fiserv offered the strongest
commercial support of all the providers we evaluated, a unified digital
solution, and integration with in-branch technology to facilitate an
omni-channel experience. They have the technology and know-how to help
us move into the future."
"One of the things that appealed to us about Fiserv is that the products
we selected are integrated to work side-by-side and their road maps are
aligned," said Jeff Dykstra, executive vice president, WECU. "The
efficiency of being able to work with one provider rather than managing
multiple products and vendors is important to us."
Recognized
by industry-leading analysts for its technology, user experience and
breadth of functionality, DNA is an open, person-centric core account
processing platform built for global collaboration. Architect enables
online, mobile, and tablet banking on a single platform, which will
enable WECU to deliver a unified digital banking experience across
channels. The credit union will add the CheckFree® RXP®
electronic bill payment and Popmoney® personal payment
solutions for an integrated payment experience.
WECU also selected Weiland™ Account Analysis; SentrySM for
network management, hardware and software lifecycle services, data
vaulting and recovery services; and solutions for image source capture,
item processing and wire transfers.
"Technology is the foundation for the member experience, and is a key
component in helping credit unions like WECU deliver the robust
capabilities needed to grow in competitive markets," said Vincent
Brennan, president, Credit Union Solutions, Fiserv. "Fiserv is committed
to helping WECU fully optimize technology to deliver an outstanding
experience to their members."
Fiserv is the U.S. market leader in account processing services, and
more than one-third of U.S. financial institutions rely on Fiserv for
account processing solutions and expertise. In a world that is moving
faster than ever before, Fiserv helps clients deliver solutions that are
in step with the way people live and work today - financial services at
the speed of life. Learn more at fiserv.com.
Additional Resources:
About Whatcom Educational Credit Union
WECU has been providing financial services since 1936 and is now the
largest credit union in Whatcom County with over 350 employees, 11
branches, 88,000 members and more than $1.4 billion in assets. Learn
more at wecu.com.
About Fiserv
Fiserv, Inc. (NASDAQ:FISV) enables clients worldwide to create and
deliver financial services experiences that are in step with the way
people live and work today. For more than 30 years, Fiserv has been a
trusted leader in financial services technology, helping clients achieve
best-in-class results by driving quality and innovation in payments,
processing services, risk and compliance, customer and channel
management, and insights and optimization. Fiserv is a member of the
FORTUNE® 500 and has been named among the FORTUNE Magazine World's Most
Admired Companies® for four consecutive years, ranking first in its
category for innovation in 2016 and 2017. For more information, visit fiserv.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170522005761/en/
Media Relations:
Ann Cave
Director, Public Relations
Fiserv,
Inc.
678-325-9435
ann.cave@fiserv.com
Additional
Contact:
Elizabeth McMillan, APR
Director, Corporate
Communications
Fiserv, Inc.
678-231-3443
elizabeth.mcmillan@fiserv.com
Source: Fiserv, Inc.
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