-
Second largest credit union in Rhode Island chooses the collaborative
DNA platform for its flexibility and efficiency to quickly adapt to
changing member needs
-
Navigant's strong relationship with Fiserv and innovative nature of
DNA were key factors in the credit union's decision
-
Navigant Credit Union to complement DNA with integrated suite of
Fiserv solutions for payment processing, CRM, business intelligence,
loan origination and interactive voice response
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, today announced that Navigant Credit Union, based
in Smithfield, R.I., has selected the DNA™
account processing platform from Open Solutions, now part of Fiserv, to
better serve its 62,000 members. The $1.4 billion asset credit union
cited the proven business value of DNA along with its trust in Fiserv as
a technology partner as key factors driving its decision.
"We value our 15-year strong relationship with Fiserv and shared
commitment to serving our members with the most technologically advanced
solutions available," said Gary E. Furtado, president and Chief
Executive Officer, Navigant Credit Union. "With DNA, Navigant gains the
strategic partnership of an industry leader and a proven, modern core
platform. The flexible, open architecture and single database design of
DNA will enable us to roll out new products quickly and easily,
improving our efficiency and enhancing the member experience."
Recognized
by industry leading analysts for its best-in-class technology, user
experience and breadth of functionality, DNA from Fiserv is the first
open, relationship-centered core banking platform built for global
collaboration. DNA is a 24/7 continuous, real-time platform that employs
a relational data model designed around the person, not the transaction,
so Navigant staff can securely view complete profiles of their retail
and commercial customers by person, product or account.
"Banks and credit unions have always been attracted to DNA's innovative
approach to core account processing, but now that we have the leadership
and breadth of value-added solutions offered by Fiserv, interest in DNA
is accelerating," said Steve Cameron, president, Open Solutions
Division, Fiserv. "Navigant Credit Union joins a large community of DNA
clients who are leveraging the platform's openness and flexibility to
serve the needs of today's digitally connected consumer."
With the platform's .NET architecture, Navigant can easily enhance DNA
with solutions from Fiserv, third-party partners and applications
developed by other DNA clients. The credit union will have access to the
DNAcreator™ development toolkit, which allows the credit union's
technical staff to create and sell custom core extensions called
DNAapps™ to other financial institutions via the DNAappstore™ -- the
first online marketplace for core innovation and collaboration through
shared custom applications.
"Credit unions have always turned to Fiserv for comprehensive solutions.
The addition of DNA to our portfolio demonstrates the innovation and
service we are known for and why Fiserv continues to partner with more
credit unions than any other provider," said Mark Sievewright, division
president, Credit Union Solutions, Fiserv.
Navigant will also implement a comprehensive solution set from Fiserv,
including Card Services Debit Processing, the Accel™ payments network
for ATMs and point of sale access, Velocity™ for consumer, home equity
and small business loan origination, WireXchange® for wire
transfer processing, Prologue™ for accounting, Nautilus® for
document imaging and solutions for item processing, voice response,
customer relationship management and business intelligence.
Additional Resources:
About Navigant Credit Union
Navigant Credit Union, Rhode Island's first credit union, has provided
the Blackstone Valley with unparalleled financial products and services
and community support for more than 90 years. With more than $1.4
billion in assets, 62,000 members and thirteen branches, Navigant Credit
Union is also Rhode Island's leading financial institution. Navigant
Credit Union is committed to supporting its communities through quality
products and services, ease of banking, and compassionate decision
making. Visit www.navigantcu.org
to learn more.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider
serving the financial services industry, driving innovation in payments,
processing services, risk and compliance, customer and channel
management, and business insights and optimization. For more
information, visit www.fiserv.com.
FISV-G
Media Relations:
Julie Smith
Public Relations Manager
Fiserv,
Inc.
412-577-3341
julie.smith@fiserv.com
or
Additional
Contact:
Wade Coleman
Director, Public Relations
Fiserv,
Inc.
678-375-1210
wade.coleman@fiserv.com
Source: Fiserv, Inc.
News Provided by Acquire Media