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Celero and BankBI collaborate on expanding data-driven analytics solutions available to Canadian credit unions

September 10, 2020
Celero and BankBI, a UK-based fintech, are pleased to share they have signed a Memorandum of Understanding (MOU) with the intention to bring forward data-driven financial and banking performance solutions to Canadian credit unions.

The MOU enables the two organizations to explore how BankBI’s cloud-based banking business intelligence solutions can serve as a complement to Celero’s business analytics solution. This joint solution would expand the data and analytics available to credit unions and enable them to identify operational efficiencies, reduce costs, improve profitability and help drive and manage performance goals with daily actionable insights and driver based planning.

“Our platform provides an innovative, data-driven foundation that enables financial leaders in the banking industry to better manage their overall performance and anticipate organizational pivots and opportunities. We are excited about the MOU, and the possibility of working with Celero to offer our solutions to Canadian credit unions to position them for success in the future,” says Keith Waterman, Co-Founder of BankBI.

Exploring integration opportunities
The MOU strengthens the collaborative relationship between Celero and BankBI, as they work together to determine how they can best serve credit unions across Canada using their complementary cloud-based, data-driven platforms.

“Through Celero’s business analytics solution, credit unions are already discovering the power of data to enable them to deepen their relationships with their members, anticipate their financial needs and deliver relevant services and solutions. The innovation and capability of BankBI’s platform and the potential to further deepen credit unions’ insights into their organizational performance represents a significant opportunity for the system’s future competitiveness,” says Rojin Nair, General Manager, Fintech Solutions at Celero.

Celero and BankBI will be hosting demos for interested credit unions. Contact your account executive or reach Celero here to set up a demo.


About BankBI
BankBI was born out of the desire to deliver the kind of analytics and automated management reporting long desired by the banking industry, but which conventional methodologies were failing to deliver. Whilst leading the analytics product management at core banking vendor Temenos, (having worked there together 2008-2012) the executive team dealt with these challenges first hand. It was here that the team first saw the opportunity that the ‘newly’ available public cloud offered to turn this perceived wisdom on its head. The vision was and is, to leverage the efficiencies brought by cloud architecture to deliver an analytics application that is deployed remotely needing no local infrastructure or expensive skills, maintained centrally in a multi-tenant environment, and implemented quickly using a pre-configured data structure. To finally provide management the timely, trustworthy information they need, when they need it, and in a low-cost subscription model.
Contact Keith Waterman, Co-Founder at keith.waterman@bankbi.com
Visit bankbi.com/why-bankbi
 
About Celero
Celero is a leading provider of digital technology and integration solutions to credit unions and financial institutions across Canada. Clients trust Celero’s proven track record delivering innovative banking technologies, digital and payment solutions, cloud computing, outsourcing, IT and advisory services. Celero offers reliability and security through its world-class hosted banking system and data center operations. With key partnerships across the globe, Celero also brings the scale and extensive capabilities of multinational technology companies and the focused expertise of fintech startups. For more information, visit celero.ca.