Servus, a Canadian credit union with more than
$10 billion in assets has selected Temenos’s T24 platform to
implement its ‘Model Bank’ system.
Servus’s T24 Canadian Model Bank will include
all membership functionality and interfaces for ease of integration
with third party systems to support the Canadian credit union
market.
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Servus became Canada’s first province-wide
credit union as the result of the amalgamation of three successful
Alberta credit unions in November 2008.
The amalgamation created the need to integrate
three banking systems on one platform and sparked a thorough, year
long assessment of existing core systems against other potential
vendors to ensure Servus had the right platform to support its
expanding business.
Choosing and implementing the best possible
banking solution was a crucial part of Servus’ business strategy to
service its 400,000 members and grow its business across
Alberta.
“Our members lie at the heart of everything we
do and being able to provide a fast, reliable experience with each
and every transaction is our top priority. We expect T24 to provide
a single view of each member, enable us to rapidly configure new
products and reduce technical diversity,” said Eric Dillon,
chief operating officer at Servus Credit Union.
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By GlobalData“As T24 does not hold a fixed architecture, we
will have the flexibility to tailor the system to meet our changing
needs as we grow. T24 offers a number of features that will give
Servus a competitive advantage both immediately and in the long
term.”
