Home > News > Celero News > 2020 > Innovation CU selects VeriPark and Celero

Innovation CU selects VeriPark and Celero for digital banking and integration as part of their Pan-Canadian strategy

November 12, 2020
VeriPark and Celero are pleased to announce their collaboration to deliver an integrated digital banking platform for Innovation Credit Union, which currently serves 56,000 members in Saskatchewan and is on the path to becoming a federal credit union to meet the financial needs of Canadians across the country.

Innovation recently selected VeriPark’s Intelligent Customer Experience Suite to provide a modern digital banking platform that can serve a future Pan-Canadian membership. They engaged Celero to provide the integration capabilities between their DNA core banking platform and VeriPark’s digital banking solutions using the Celero Xchange digital ecosystem integration platform.

“When we set out to choose a digital banking platform, seamless and secure integration into our core banking system was a high priority. We chose both VeriPark and Celero because we knew they could manage integrating our systems and position us to provide a fast, reliable and secure digital banking experience to our members – today and into the future,” says Dean Gagne, Chief Disruption Officer, Innovation Credit Union.

Selim Hasan, Sales Director, VeriPark UK & Canada agrees, adding that the architecture of VeriPark’s solutions is designed with integration connectors that serve to connect with platforms like Celero Xchange.

“We use an open API architecture, which positioned us for seamless integration with Celero Xchange as it is also open API-based. We were able to complete our initial proof of concept very quickly, which proved the Celero team and Xchange platform can help us move at the pace that our customers like Innovation Credit Union need, and hit the ground running because Xchange already supports the kinds of use cases Innovation members expect.”

For Innovation, they already have the Celero Xchange integration solution in place as they work closely with VeriPark to develop and launch their new digital banking system. In addition, Innovation’s choice of VeriPark solutions connects all customer and employee journeys and branch services and provides a single platform to deliver all banking services digitally. It streamlines integration and enables choice for other Canadian credit unions considering their options for a digital banking platform.  

“Celero Xchange brings scalability to the Canadian credit union system. Once VeriPark’s Intelligent Customer Experience Suite is integrated into the platform, it becomes part of the ecosystem of options for all Celero clients using Celero Xchange. This enables a broader range of solutions for credit unions and improves their speed-to-market with new capabilities,” says Barb MacLean, Director, Application Development at Celero.
 

About Innovation Credit Union
Headquartered in Saskatchewan, Innovation Credit Union provides a full range of financial services to over 56,000 members including individuals, businesses, and organizations across the province. In 2017, its membership voted in favor of seeking to become a federal credit union which will enable Innovation to do business anywhere in Canada.
Through the lens of innovation and Responsible Banking, Innovation Credit Union reinvests its profits into delivering economically viable solutions for all Canadians to access mutually beneficial and affordable world class financial products and services – wherever and whenever members need them. For more information, visit www.innovationcu.ca.
 
About VeriPark
VeriPark is a global solutions provider enabling financial institutions to become digital leaders with its Intelligent Customer Experience suite. With its main offices located in the United States, United Kingdom, Europe, Asia, Africa and the Middle East, VeriPark is helping businesses to enhance their customer acquisition, retention and cross-sell capabilities by providing proven, secure and scalable Customer Relationship Management, Omni-Channel Delivery, Branch Automation, Loan Origination and Next Best Action solutions. VeriPark works collaboratively with clients to develop innovative technology strategies and solutions, which touch millions of people every day, and bring the promise of digital transformation to life. For more information, visit www.veripark.com.

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.