Mon, Dec 23 2024
League Data, the CIO and technology partner for Atlantic credit unions, announced today that they have successfully migrated Brunswick Credit Union to the Mambu cloud-based banking platform, marking a first for the Canadian financial market.
As League Data's historic core banking system nears its end of life in 2025, the company is embracing the chance to further digitally convert its credit unions and bring members a more modern banking experience.
According to Chad Griffin, Chief Information Officer of League Data, "our shared goal is to migrate every credit union in the Atlantic Credit Union System to this new banking platform that will provide an ecosystem for future growth and optimization." "It is not our goal to replicate everything that exists now. We have a chance to reinvent our systems.
For credit unions to build the experiences and products that members in their communities require, they require a banking platform that enables them to act more quickly and responsively.
"Following the completion of the core transition, the full benefits and potential for our members will be realized by fully utilizing the Mambu cloud banking platform to capitalize on future opportunities," stated Lisa Loughery, CEO of Brunswick Credit Union.
With Mambu, credit unions in the Atlantic region will be better equipped to grow their loan and deposit portfolios, launch new products swiftly and effectively, and revolutionize regular banking for both their individual and corporate members. ranging from business banking to mortgages, loans, and checking and savings accounts. Credit unions will be able to concentrate more on innovation and enhancing the member experience and spend less time maintaining legacy systems thanks to a modern, agile core.
Mambu's CEO, Fernando Zandona, states, "We believe that banking and financial services can change the world for the better." "We aimed to introduce simplicity and innovation to the credit union market. And League Data is by our side at every turn.
Leave a Comment