A group of four Puerto Rican credit unions with combined assetsof nearly $1 billion and membership of more than 100,000 havecommitted to the DNA account processing platform, Fiserv Inc. said Tuesday
|The four credit unions – Credicentro Coop, MaunaCoop, CamuyCoopand CoopRincón – created USICOOP in 2013 to cost-effectivelytransform their enterprise technology and to lead a technologicaltransformation in the island's financial services industry, theWisconsin-based company said in a statement.
|“For many Puerto Rican credit unions, the core platform has become animpediment to growth, obstructing our ability to keep current withchanging regulations, technological innovations and member needs,”Carlos Crespo, board chairman of USICOOP and president ofMaunaCoop, said in the Fiserv statement. “With DNA, USICOOP creditunions will be able to compete more effectively with the latestproducts and services.”
|The credit unions also cited the ability to pool their resourceswith other USICOOP credit unions to use the DNAcreator tool kit andDNAappstore to create and deploy customized solutions.
|According to data from Callahan & Associates, 117 creditunions representing 7.5 million members now run on the DNAplatform, which Fiserv acquired last year when it bought OpenSolutions Inc.
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