MEXICO CITY & BROOKFIELD, Wis.--(BUSINESS WIRE)--Apr. 19, 2018--
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, today announced SISCOOP, a cooperative providing
services to credit unions in Mexico, will enable 26 credit unions to
offer digital banking services using Fiserv technology. This landmark
step marks the first time credit union members in Mexico will be able to
access credit union services via digital platforms.
SISCOOP will utilize DigitalAccess
from Fiserv to enable these credit unions, including one of the largest
in Latin America, to meet growing demand for online and mobile banking.
Because DigitalAccess is an end-to-end multi-tenant digital solution,
the credit unions will be able to quickly and securely introduce a full
range of digital banking and payment services. The move to digital
services gives credit unions in Mexico the ability to provide the same
customer experience as banks, increasing competition in the market and
revolutionizing the current credit union landscape. SISCOOP valued the
fact that Fiserv has worked with a number of credit unions in similar
SISCOOP member Caja Popular Mexicana (CPM), the largest credit union in
Mexico and one of the largest in Latin America, will be the first to
deploy DigitalAccess. CPM will enable its 2 million members to bank
through mobile and desktop browsers and native applications for Apple
and Android devices, including smartphones and tablets. In addition to
accessing account information, members will be able to sign up for SMS
(text) and email alerts and receive in-app notifications, transfer funds
between accounts, pay bills and make person-to-person (P2P) payments.
“The ability to offer full-featured digital banking places us on par
with the leading financial institutions in Mexico,” said Alfonso Garcia,
Commercial Director, Caja Popular Mexicana. “We can now provide our
members with access to their accounts anytime, anywhere, transforming
the way our members bank and increasing our competitiveness. We are
proud to help change people’s everyday lives by providing access to
convenient and practical digital banking capabilities.”
Banking in Mexico can be challenging, requiring people to travel long
distances to their bank or credit union to manage their personal
finances. At the same time, many credit unions have seen younger
generations seek services with banks that provide more digital options.
DigitalAccess will help SISCOOP members attract millennial market share
and meet modern consumer preferences.
“The financial services industry is shifting, and consumers are
demanding digital banking experiences aligned with how they live and
work,” said Rene Salazar, managing director for Latin America,
the Caribbean and Canada, Fiserv. “We look forward to working with
SISCOOP and its credit union members to provide digital banking
capabilities that can change the way people in Mexico move and manage
In a world 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.
SISCOOP is a company in the Credit Union
industry in Mexico. Founded in 2008, SISCOOP specializes in the
implementation and operation of electronic payment projects such as
processing of debit cards and credit cards, ATMs and operations by
internet. Through these projects SISCOOP seeks to promote the
operational and technological integration of the sector, enabling
scalability in order to allow access to these technologies to all credit
unions regardless of their size.
About Caja Popular Mexicana
Caja Popular Mexicana has been
working for 67 years in favor of financial inclusion. It is the largest
cooperative in the Mexican popular financial sector, with more than 2.3
million partners. It is ranked 363 among the 500 most important
companies of Mexico by the magazine Expansión. CPM is a member of the
National Confederation of Savings and Loan cooperatives of Mexico
(CONCAMEX), as well as the World Council of Credit Unions (WOCCU), and
the Cooperative Alliance for the Americas (ACI COOP).
Fiserv, Inc. (NASDAQ: FISV) enables clients
worldwide to create and deliver financial services experiences 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 five consecutive
years, recognized for strength of business model and innovation
leadership. For more information, visit fiserv.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180419006359/en/
Source: Fiserv, Inc.
Director, Public Relations
Sr. Director, Public Relations