Fiserv Inc. said its new Acumen core banking platform has replaced two systems at the $200 million Momentum Credit Union in Hamilton, Ontario.
The $200 million institution said it has been using two core processing solutions since Momentum incorporated a second credit union last December.
"We simultaneously completed two system conversions with little impact to our 11,000-plus members–the implementation of Acumen was a success for our credit union,” said Malcolm Stoffman, the credit union’s CEO.
Streamlined processing and scalability were cited in the selection. Momentum also implemented other Fiserv solutions during the process, including audio response and accounting products. Acumen was rolled out in late 2009 as a new, open platform. It has now been sold to about 25 Canadian and American credit unions.