Ontario-based Kawartha Credit Union has opted to replace its Acumen core processing platform with Fiserv’s DNA system to modernise its operations.
Kawartha, a CA$1.5 billion ($1.2 billion) asset credit union with 50,000 members, will use DNA for “time-saving automation and workflows”.
Celero, a Fiserv partner and a provider of IT solutions to financial institutions across Canada, will coordinate the migration and provide technical banking operations support for the credit union.
Rob Wellstood, CEO, Kawartha Credit Union, says: “The technology provided by Fiserv and Celero will enable Kawartha Credit Union to deliver an enhanced banking experience for our members.”
According to Fiserv, DNA is an extensible, 24/7 real-time core platform – and Kawartha joins more than 100 other Canadian credit unions using it.
Acumen was sunsetted following Fiserv’s acquisition in early 2013 of rival vendor Open Solutions. Its users were offered a move to Open Solutions’ DNA core product.