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Now, three of the country’s largest credit unions with more than $1 billion in assets will rely on the core banking system. Ten organizations in Canada have chosen to implement iSpectrum since January 2008. “We 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.”
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“Fiserv’s 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,” said Scott Butler, president of Credit Union Solutions at Fiserv. iSpectrum is also the only core banking solution offering real-time disaster recovery services from Canadian-based operations centers.
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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. The iSpectrum system is the most progressive platform available in the Canadian market today. “By 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.” “Conexus is looking forward to working with a global leader that is committed to credit unions and to investing in its technologies and its customers,” said Sheryl Britton, executive vice president of Technology Services for Conexus Credit Union. The openness of the system will also enable Conexus to easily integrate iSpectrum with the other systems used to support Conexus’ complex business environment. iSpectrum’s use of Internet and web service technologies, scalable open architecture, and seamless member experience will allow Conexus to support its growth goals. The project team recommended iSpectrum as the system that had the best business and technology fit for Conexus. A banking team, consisting of 20 subject matter experts from all business and technology disciplines within the company, reviewed a number of banking platforms. “We know that our iSpectrum core banking system has a tremendous advantage in today’s 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.”Ĭonexus Credit Union completed an extensive evaluation process of potential core banking systems to replace their existing legacy solution. “Emerging 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,” said Kevin Sparks, iSpectrum segment executive for Fiserv. Leaders for Conexus Credit Union chose Fiserv because they are confident that the advanced architecture and leap-frog technology of the iSpectrum solution, combined with the expertise and support of the Fiserv team in Canada will enable them to meet their diverse business needs. (NASDAQ: FISV), announced today that Conexus Credit Union of Regina, Saskatchewan, Canada’s seventh largest credit union with $3.69 billion in assets and 118,000 members, has chosen to implement its advanced iSpectrum core banking system. Conexus Credit Union Selects iSpectrum™ Credit Union Platform from Fiservįiserv Solutions of Canada Inc., a subsidiary of Fiserv, Inc.