VANCOUVER, B.C. – Central 1 Credit Union (Central 1), building on the strengths of its Open Anywhere™ account opening solution for credit unions, is launching the solution integrated with DNA® from Fiserv, a core banking system used by many credit unions in Canada.
Launching with Innovation Credit Union in Saskatchewan, Central 1 brings an origination solution that is automated and fully integrated with its banking host, DNA from Fiserv, bringing real-time communication with the banking host. There is no manual entry by credit union staff, streamlining operations to deliver an efficient solution for credit unions while offering a seamless experience for new members opening accounts.
Innovation Credit Union has built a history of embracing and driving new technologies to serve its members in the Prairies. “Central 1 has been a strategic partner to Innovation Credit Union for many years, and that partnership will become even more important as we work towards becoming a federal credit union in 2020,” says Dean Gagné, Chief Omni & Digital Officer, Innovation Credit Union.
“We’ve enjoyed a truly collaborative process with Innovation Credit Union to combine the benefits of Open Anywhere integrated with its banking host system,” says Margarita Lurye, Senior Product Manager at Central 1. “Open Anywhere enables prospective credit union members to open and fund new accounts online in minutes, using their mobile, tablet or desktop device. With the DNA integration, Open Anywhere is now integrated to most host banking systems used in Canada.”
Developed by Central 1’s Fintech experts in the Digital & Payments group, Open Anywhere™, and the new Borrow Anywhere, are part of the Origination Solutions suite of products that enables credit unions to offer a seamless account opening and lending experience across channels. Origination Solutions are powered by an integrated omni-channel platform, offering such advanced features as electronic signatures for paperless processes, automated decisioning, document repository, and compliance with the latest regulatory changes.
Fiserv, Inc. is a leading global provider of financial services technology solutions and serve more than 100 credit unions across Canada in British Columbia, Ontario and the Prairie provinces.
With offices in Vancouver, Mississauga and Toronto, Central 1 holds on balance sheet approximately $17.7 billion in assets. We provide wholesale financial products, trust services, payment processing solutions and digital banking services to approximately 300 credit unions and institutional clients from coast to coast.
In addition, Central 1 is the primary liquidity manager, payments provider and trade association for our 42 member credit unions in B.C. and 70 Ontario member credit unions. Our members represent a consumer-oriented, full-service retail financial system that collectively serves 3.3 million members and holds more than $121.6 billion in assets. For more information, visit central1.com.
Member & External Communications Manager
Central 1 Credit Union
T 604.734.2511 or 1.800.661.6813 ext. 5907