Fiserv Launches New Platform Targeted to Large U.S. Credit Unions
Fiserv Inc. on Thursday formally launched the first all-new core platform for the U.S. market since it combined its credit union core processing divisions earlier this year.
The Acumen account processing solution has been under development for several years and initially launched in Canada as iSpectrum, built from the ground up to use Web services and other integrating technologies, the company said.
Features include the same browser interface for both front-end and back-office applications and a built-in, 360-degree member view, as well as deeply engrained multi-language functionality initially developed to meet French-English requirements for the Canadian market and now suited for similar Spanish-English deployment, the company said.
Fiserv currently provides several core processing platforms to more than 2,500 credit unions and formally completed the integration of its seven formerly separate CU divisions earlier this year.
The Acumen solution is targeted to the top end of the credit union market and does not represent the beginning of the end of those other platforms, Fiserv said.
"We're a firm believer in choice," said Scott Butler, president of Credit Union Solutions at Fiserv. "We do not have a plan to consolidate our core systems. This doesn't change that."