League Data and Mambu have embarked on a groundbreaking journey to transform the Canadian financial landscape by introducing advanced cloud banking solutions to credit unions.
The partnership between League Data and Mambu was driven by the urgent need to replace aging core banking systems with a more robust and flexible digital solution. As the current systems are set to reach end-of-life in 2025, this collaboration comes at a critical time for enhancing the banking experience and operational capabilities of credit unions.
League Data is committed to the digital transformation of the Atlantic Credit Union System by providing seamless technology solutions that enhance member services and operational efficiency. Their expertise in integrating technological innovations helps credit unions adapt to evolving market demands and improve overall member satisfaction.
Mambu contributes to this partnership by offering a cloud-based platform that accelerates the development and deployment of financial products, allowing credit unions to scale operations and meet community-specific needs effectively.
The collaboration has already seen significant milestones, including the successful digital transition of Brunswick Credit Union to the Mambu platform. This move is a part of a broader strategy to migrate all Atlantic credit unions to this innovative platform, promising a future of growth and enhanced service delivery.
League Data CIO Chad Griffin said, “Our shared goal is to migrate every credit union in the Atlantic Credit Union System to this new banking platform that will provide an ecosystem for future growth and optimization. The objective is not to mirror exactly what we have today. It is an opportunity to reimagine our systems.”
Additionally, Brunswick Credit Union CEO Lisa Loughery commented, “Once the core transition has been completed, leveraging the Mambu cloud banking platform to its full extent to take advantage of future possibilities is where the full benefits and potential for our members will be realized.”
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