The $1.4 billion, 111,400-member Schools Financial Credit Union in Sacramento, Calif., plans to convert to a new online banking platform from Jwaala in Austin, Texas, the company and credit union said.
Schools Financial currently uses the home banking platform from its core processing provider Symitar, according to the Technology Survey from Callahan & Associates.
The launch is expected next spring and new features will include budgeting, customizable user experiences and search features of the Better Online Banking solution, the company and credit union said.
“We’ve seen usage of online services increase exponentially over the past several years. It’s essential that we respond to our members’ need for a more robust online banking package,” said Schools Financial President/CEO Jim Jordan.
Jwaala also said it will be offering its credit union clients a merchant-funded card rewards program through Truaxis of San Francisco.
“The entire process—analyzing offers, handling presentment, redemption, crediting the user’s account—is handled by Truaxis. It requires minimal interaction from the credit unions and can be easily rolled out across our entire customer base,” said Kelly Dowell, Jwaala’s chief operating officer.
