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RECENT ORDERS


Who’s bought what? WHO? WECU WHAT? FISERV TECH


(WECU) is to implement a range of solutions from Fiserv, including the DNA core account processing platform and Architect for digital banking.


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The US FI had reached the limits of its core processing system (Ultradata’s Ultracs platform), which it signed up for in 1990. It was looking for built-in support for commercial lending and deposits, automation, and strong data and analytics capabilities to enhance its profitability analyses and marketing efforts. WECU also sought integrated digital banking capabilities that would deliver a unified experience for its customers.


“Our goal is to be a full service, solution-based credit union, offering business and consumer members an experience


WHO? MYSTATE BANK WHAT? TCS BANCS


banking setup, moving to a single platform. Both the main brand and subsidiary, The Rock, have switched to the platform, believed to be TCS BaNCS. MyState acquired The Rock in 2011, receiving regulatory approval to integrate its operations in 2015. In 2013, the bank gave Rubik Financial (now part of Temenos) the task of digitising its services. The programme included a new online and mobile banking platform. “Consolidation of our core banking platform is an important milestone that demonstrates we are delivering


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on our strategy to become a leading regional bank,” comments Melos Sulichich, MyState MD and CEO. It will result in a “stronger” and “simpler” foundation for innovation, he adds.


yState Bank has consolidated its core


Headquartered in Hobart, Tasmania, MyState formed in 2009 following the merger of the Tasmanian Perpetual Trustees and MyState Financial. In October 2014, its largest section, MyState Financial, received authorisation from the Australian Prudential Regulation Authority (APRA) to rename itself to MyState Bank. It holds around AU$1.07 billion in assets under management and a total equity of AU$265 million.


Alex Hamilton


hatcom Educational Credit Union


that is on par with, or exceeds, a large commercial bank or a financial services startup,” says Jennifer Kutcher, President and CEO, WECU. “Fiserv offered the strongest commercial support of all the providers we evaluated, a unified digital solution, and integration with in-branch technology to facilitate an omni-channel experience. They have the technology and know-how to help us move into the future.”


WECU also selected Weiland Account Analysis; Sentry for network management, hardware and software lifecycle services, data vaulting and recovery services; and solutions for image source capture, item processing and wire transfers.


Scott Thompson


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