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Home»Finance»VeriPark and Canadian credit unions team up on digital banking
Finance

VeriPark and Canadian credit unions team up on digital banking

January 20, 2025No Comments3 Mins Read
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VeriPark and Canadian credit unions team up on digital banking
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VeriPark, an omnichannel buyer expertise options supplier, has collaborated with a coalition of Canadian credit score unions and monetary establishments to launch a digital banking answer particularly designed for the Canadian market.

This coalition contains First West Credit score Union, Prospera Credit score Union, DUCA Credit score Union, and Coastal Group Credit score Union.

It seeks to foster innovation, enhance member experiences, and strengthen establishments’ skill to navigate an evolving monetary panorama.

The coalition goals to ship a Canadian-focused digital banking product that integrates world and Canadian codebases.

This strategy will enable establishments to retain their distinctive identities and develop additional options to face out out there.

First West Credit score Union CIO and CTO Darrell Jaggers stated: “The partnership with VeriPark represents a uniquely Canadian answer that mixes native experience with world greatest practices.

“Our purpose is to construct on our successes and supply members with much more revolutionary, personalised digital banking companies that align with their evolving existence.”

Tailor-made for Canadians, the digital banking answer is powered by Microsoft Azure.

Promising ‘adaptability’ in addition to ‘effectivity’, it seems to be to offer enhanced safety, compliance, and help for open banking frameworks.

Along with integrating with Central 1’s cost and fraud administration methods, the answer is designed to be suitable with numerous cost platforms, providing flexibility to the taking part establishments.

The answer has been validated by a year-long evaluation, guaranteeing that it’s going to present innovation and long-term help by means of Microsoft’s know-how stack, the corporate stated in its assertion.

VeriPark chief gross sales officer Barry Body stated: “The monetary companies sector is continually evolving, and this partnership provides a novel alternative to form the way forward for digital banking in Canada.

“By combining VeriPark’s experience with the coalition’s forward-thinking imaginative and prescient, we’re assured in delivering a transformative banking expertise for Canadians.”

“VeriPark and Canadian credit score unions workforce up on digital banking” was initially created and revealed by Retail Banker Worldwide, a GlobalData owned model.

 


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