Credit union will use member-centric core system to power future
growth and service
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, today announced that Amplify Credit Union, based
in Austin, Texas, has selected Fiserv as the new foundation for its
member-centric technology strategy.
Amplify will convert from its current core provider to DNA®
from Fiserv. Amplify needed a modern, member-centric architecture that
will allow the credit union to maintain a sharp understanding of its
members as it drives toward progressive member relationship management
goals. The credit union will use these features, along with the
platform's lending capabilities, to progress its commercial and small
business service and real estate lending arms as well.
Amplify has approximately $870 million in assets and more than 56,000
members in the greater Austin area, served by eight branches. The credit
union opened in 1967.
"There is nothing more critical than our relationships with our
members," said Kendall Garrison, executive vice president, Amplify
Credit Union. "Technology that provides insight into their needs is
essential to achieving our goal of making members' lives simpler. DNA is
purpose-built to do this, and we are looking forward to partnering with
Fiserv as we work toward sustained growth."
DNA allows credit unions to gain deep insight into members' financial
lives by presenting a 360-degree view of their complete relationship
with the credit union. This allows credit unions to enhance service,
customize offers, and better understand overall opportunities.
Importantly, this helps credit unions to maintain strong member
relationships even at considerable scale.
"Fiserv is proud to provide the technology and expertise that powers
growth-minded credit unions," said Vincent Brennan, president, Credit
Union Solutions, Fiserv. "Amplify is a prime example of this progressive
technology outlook. We are looking forward to partnering with them as
they take the power of DNA and apply it to create real growth."
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.
DNA - https://fisv.co/2uXBO6f
Amplify is a member-owned financial cooperative with more than 57,000
members and over $870 million in assets. It has served Austin since 1967
as IBM Texas Employees Federal Credit Union. Amplify has eight
convenient locations across Austin, Round Rock, and Cedar Park, TX. For
more information, visit www.goamplify.com.
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.
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Manager, Public Relations
Director, Public Relations
Source: Fiserv, Inc.
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