Canadian Credit Unions Unite to Revolutionize Digital Banking
In a groundbreaking collaboration, VeriPark, a leading omnichannel customer experience solutions provider, has joined forces with a coalition of prominent Canadian credit unions and financial institutions to launch a cutting-edge digital banking solution tailored specifically for the Canadian market.
A Coalition of Innovation
The coalition, comprising First West Credit Union, Prospera Credit Union, DUCA Credit Union, and Coastal Community Credit Union, aims to drive innovation, enhance member experiences, and strengthen institutions’ ability to navigate the rapidly evolving financial landscape.
A Unique Canadian Solution
By integrating global and Canadian codebases, the coalition seeks to deliver a digital banking product that allows institutions to retain their unique identities while developing further features to stand out in the market. According to Darrell Jaggers, CIO and CTO of First West Credit Union, “This partnership represents a uniquely Canadian solution that combines local expertise with global best practices, enabling us to provide members with even more innovative, personalized digital banking services that align with their evolving lifestyles.”
Powered by Microsoft Azure
The digital banking solution, powered by Microsoft Azure, promises adaptability, efficiency, and enhanced security, compliance, and support for open banking frameworks. By integrating with Central 1’s payment and fraud management systems, the solution offers flexibility to participating institutions, ensuring seamless compatibility with various payment platforms.
A Year-Long Validation
After a rigorous year-long assessment, the solution has been validated, ensuring long-term support and innovation through Microsoft’s technology stack. Barry Frame, Chief Sales Officer at VeriPark, emphasized, “This partnership presents a unique opportunity to shape the future of digital banking in Canada. By combining our expertise with the coalition’s forward-thinking vision, we are confident in delivering a transformative banking experience for Canadians.”
A New Era in Digital Banking
This collaboration marks a significant milestone in the evolution of digital banking in Canada, promising a brighter future for financial institutions and their customers alike. With its focus on innovation, personalization, and adaptability, this solution is poised to revolutionize the way Canadians bank.
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