Harland Financial Solutions is targeting credit unions that target small businesses with a new enterprise platform.
The Phoenix Extended Financial Enterprise solution combines the company's banks-only Phoenix core processing system with functions such as risk management, lending and compliance, business intelligence and marketing, branch automation, enterprise content management, payments and financial accounting functions, the company said.
The first credit union to adopt the new PhoenixEFE platform is $315 million Consumers CU in Kalamazoo, Mich.
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"We see great opportunities in the personal and commercial lending areas, and in the deposit areas," said CEO Kit Snyder. "Things we weren't able to offer before are now possible, which will continue to propel our institution's growth."
More than 550 credit unions currently run on Harland's UltraData platform, which the company said will continue its focus on retail-oriented credit unions.
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