Fiserv CBS Worldwide, a unit of Fiserv Inc. (Nasdaq:FISV), announced today that it has successfully completed the implementation of its core banking solution, Fiserv ICBS, at the largest credit union in Latin America, Caja Popular Mexicana (CPM). CPM is based in Mexico and has nearly 1.1 million members.
âWith the completion of this project, Caja Popular Mexicana now has the largest online branch network of any credit union in Latin America,â said Ramon Imperial, CEO and president of CPM. âFiserv ICBS provided immediate benefits to CPM, including the centralization of up-to-date information, data control and security, additional product development, more efficient service, enhanced business processes and best practices. This new technology allows all our members to transact deposits, withdrawals, transfers and third-party payments in any of our 338 branches.â
More than 3,200 CPM employees were trained in the new system and now have access to information that provides for improved decision making, optimal control of all operations and financial resources, better services and information security.
âCompleting the four phases of this complex implementation with such timeliness is a huge compliment to CPM as well as to Fiservâs implementation team,â said Dan Alf, managing director, Latin America, Canada and the Caribbean for Fiserv CBS Worldwide. âFiservâs products allow CPM to complete many of their day-to-day tasks more efficiently, making their business operations run smoother and more effective. This allows CPM to focus on their clients as well as on their long-term growth strategies.â