âEmerging as the core banking system provider of choice for Conexus Credit Union marks the beginning of a significant new relationship for Fiserv in the Canadian credit union community,â said Kevin Sparks, iSpectrum segment executive for Fiserv. âWe know that our iSpectrum core banking system has a tremendous advantage in todayâs Canadian market because we have developed a forward-looking system, defined a clear technology roadmap for continued enhancements, and invested in the advanced capabilities credit unions need to support their business objectives today and into the future.â
Conexus Credit Union completed an extensive evaluation process of potential core banking systems to replace their existing legacy solution. A banking team, consisting of 20 subject matter experts from all business and technology disciplines within the company, reviewed a number of banking platforms. The project team recommended iSpectrum as the system that had the best business and technology fit for Conexus. iSpectrumâs use of Internet and web service technologies, scalable open architecture, and seamless member experience will allow Conexus to support its growth goals. The openness of the system will also enable Conexus to easily integrate iSpectrum with the other systems used to support Conexusâ complex business environment.
âConexus is looking forward to working with a global leader that is committed to credit unions and to investing in its technologies and its customers,â said Sheryl Britton, executive vice president of Technology Services for Conexus Credit Union. âBy selecting iSpectrum from Fiserv, we will not only gain a highly advanced core banking system, but also establish a valuable business partnership that can enable us to achieve our strategic business objectives.â
The iSpectrum system is the most progressive platform available in the Canadian market today. The system delivers advanced features that include 360-degree member views, efficiency-boosting customized workflows and an open architecture that gives credit unions flexibility to support their business objectives. iSpectrum is also the only core banking solution offering real-time disaster recovery services from Canadian-based operations centers.
âFiservâs new relationship with Conexus Credit Union further validates our research and development strategies, while reinforcing the unmatched value and innovation we offer to Canadian credit unions through our iSpectrum solution,â said Scott Butler, president of Credit Union Solutions at Fiserv. âWe are looking forward to serving Conexus and its members, and maintaining solid market momentum among Canadian credit unions that seek a core banking system that allows them to innovate virtually without limits.â
Ten organizations in Canada have chosen to implement iSpectrum since January 2008. Now, three of the countryâs largest credit unions with more than $1 billion in assets will rely on the core banking system. Available via service bureau, in-house delivery or resource management, iSpectrum features an open architecture, advanced functionality and superior ease of use that liberates credit unions from the limitations of legacy technology, allowing them to grow freely.