BROOKFIELD, Wis.–Fiserv is reporting three credit unions have selected it as their new core account processor.
In Oshkosh, Wis., Verve, a Credit Union, said it is moving its core to Fiserv. The credit union selected DNA from Fiserv, citing the platform’s open architecture and APIs that facilitate integration with additional solutions from Fiserv and third parties, as well as the platform’s ability to support servicing of all loan types from a single system, according to the company. These functions will help Verve continue to deliver the capabilities and experiences members and employees expect as it grows and brings acquired financial institutions into the fold, Fiserv added.
“We want to be in a position to offer our members services before they realize they need them,” said Karrie Drobnick, chief marketing and strategy officer at Verve. “Fiserv and DNA will expedite our ability to do that, whether it’s through Fiserv or a third-party solution. This is just one of the areas where we have valuable strategic alignment with the Fiserv team. We both put member experience at the center of what we do.”
DNA is a modern, unified core account processing platform that provides a global view of member relationships, enabling financial institutions to deliver personalized service and more relevant product offerings. The open architecture of DNA makes it easy for financial institutions to integrate other solutions, bring products and services online quickly, and extend the capabilities of DNA with downloadable DNAapps.
As part of their technology transformation, the credit union also added several integrated solutions from Fiserv including enterprise content management, item processing, wire transfer and financial accounting.
Also in Wisconsin, Superior Choice Credit Union has also moved its core to Fiserv using the DNA platform.
Landmark CU Moving to Fiserv
Meanwhile, in New Berlin, Wis., the $4.3-billion Landmark Credit Union is also expanding its relationship with Fiserv to “accelerate innovation and enhance efficiency in order to continue to offer excellent experiences for both members and associates.”
According to the company, the credit union’s growth prompted an evaluation of its core account processing capabilities.
“Based on a positive and long-standing relationship with Fiserv, Landmark Credit Union has selected DNA from Fiserv as its new core account processing platform,” Fiserv said. “The credit union appreciated the open architecture and APIs of DNA, and the ability to combine member, business and mortgage loan servicing on one platform.”
Fiserv added the move to DNA will provide the credit union with a global view of member relationships and enable its associates to better understand and anticipate member needs.
‘Flexible and Scalable’
“As we have grown in size and scale, what we want to do and provide our members has become more complex,” said Steve Hannan, chief information officer, Landmark Credit Union. “With Fiserv and DNA, we’ll have a flexible, scalable and extensible core system that will help us meet the current and future needs of our members and associates.”
“Fiserv provides credit unions with innovative solutions at every stage of their lifecycle,” said Byron Vielehr, executive vice president and senior group president, Fiserv. “Landmark has grown with Fiserv, and we look forward to working with them in the years to come to drive long-term value and help support their commitment to offering varied, meaningful experiences and financial solutions for their members.”