-
$994 million Canadian credit union completes implementation of DNA
with integrated Fiserv solutions
-
Canadian-based Fiserv associates will provide ongoing support to Your
Neighbourhood Credit Union
-
More than one-third of Canadian credit unions rely on DNA technology
for their account processing needs
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that Your Neighbourhood Credit
Union (YNCU) headquartered in Kitchener, Ontario, has implemented the DNA™
account processing platform and several integrated solutions from
Fiserv. YNCU joins a large community of Canadian institutions who rely
on DNA technology, including banks, trusts and more than a third of the
country's credit unions.
YNCU selected DNA for its flexible person-centric design, scalable
technology, and a proven implementation and support model that Fiserv
has honed from years of serving Canadian financial institutions.
"The Fiserv team worked hand-in-hand with our credit union on a very
successful conversion to DNA with minimal member disruption," said Kerry
Hadad, CEO, Your Neighbourhood Credit Union. "Now that we're live on
DNA, we feel we are in a position for growth, ready for the banking
experience of tomorrow."
The flexible, open architecture of DNA will allow YNCU to easily add
solutions from Fiserv and others as it grows. Already the credit union
has implemented Verifast™ for teller line authentication, the CRM and
Business Intelligence suite for DNA and the Financial Accounting suite
for DNA.
As a DNA user, YNCU also has access to the DNAappstore™ online
marketplace where it can download seamlessly integrated, custom core
applications, called DNAapps™. The credit union can implement DNAapps on
demand to customize and extend its core platform with new features,
screens and third-party solutions from Fiserv and other DNAapp
developers.
"Canada is a key strategic market for Fiserv and YNCU's implementation,
along with several other recent signings, is a testament to our
solutions and proven expertise in Canada," said Rob Palin, general
manager of Canada, Open Solutions Division, Fiserv. "Fiserv is the clear
choice for Canadian financial institutions that can benefit from a large
community of peers on an innovative platform with the flexibility and
scalability to serve their needs well into the future."
Additional Resources:
About Your Neighbourhood Credit Union
At Your Neighbourhood Credit Union, you'll find all the things you'd
expect from a bank, plus a few you didn't! We cater to your personal,
business or agricultural banking needs, and offer professional wealth
management, too. With 18 branches and a network of surcharge-free ATMs,
you can bank close to home across southwestern Ontario. At $994 million
in assets under administration and 42,000 members strong and growing,
we're one of the largest credit unions in Ontario. Ready for a change?
Make the move to Your Neighbourhood! Learn more at www.yncu.com.
About Fiserv
This year, Fiserv, Inc. (NASDAQ: FISV) celebrates 30 years of leadership
in financial services technology. As one of FORTUNE® magazine's
World's Most Admired Companies, Fiserv is helping clients worldwide
achieve best-in-class results by 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 Nixon
Senior Public Relations
Manager
Fiserv, Inc.
+1 678-375-3744
julie.nixon@fiserv.com
or
Additional
Contact:
Wade Coleman
Director, Thought Leadership &
Communications
Fiserv, Inc.
+1 678-375-1210
wade.coleman@fiserv.com
Source: Fiserv, Inc.
News Provided by Acquire Media