NEFCU, a New York-based credit union with more than $3bn in assets, has chosen Fiserv to speed up its digital transformation.
The credit union opted for Fiserv’s DNA open core platform, which is said to offer a complete view of its member relationships. This, in turn, facilitates more relevant offerings.
The choice of the platform was fuelled by the platform’s ability to integrate other solutions and service multiple loan types from one system.
Fiserv president of credit union solutions Vincent Brennan said: “Credit unions are continually looking for ways to meet the rapidly evolving expectations of their members.
“The right technology can position them to meet those expectations and drive growth as a result. We look forward to enabling the continued innovation of NEFCU as they meet the needs of members for years to come.”
Additionally, the credit union opted for various integrated Fiserv solutions such as content management and wire transfers.
Commenting on the alliance, NEFCU CEO John Deieso said: “Our goal is to become the financial institution technology leader on Long Island, and we wanted a core platform that could help us achieve that goal.
“We needed a core platform that was future-oriented, and a partner committed to continuous investment in its technologies.”
NEFCU has branches across Nassau and Suffolk Counties and around 200,000 members.