In a Canadian financial industry first, League Data, the technology partner for Atlantic credit unions, has successfully converted Brunswick Credit Union to the Mambu cloud-based banking platform. This move marks a significant step towards digital transformation for credit unions across the Atlantic region.
League Data is leveraging the upcoming end-of-life (2025) for their legacy core banking system as an opportunity to modernize the banking experience for credit union members. “Our goal is to migrate all Atlantic credit unions to this new platform, creating an ecosystem for future growth and optimization,” said Chad Griffin, Chief Information Officer at League Data. “This is a chance to completely reimagine our systems, not just replicate what we have today.”
The new platform empowers credit unions to be more responsive to member needs. “By enabling faster product development and a more agile core, credit unions can focus on innovation and member experience, rather than managing outdated legacy systems,” Griffin added.
Brunswick Credit Union CEO Lisa Loughery echoed the sentiment, highlighting the long-term benefits for members. “Transitioning to the cloud platform unlocks the full potential of Mambu, allowing us to deliver a truly modern banking experience for our members.”
Mambu’s platform offers a range of benefits for Atlantic credit unions, including:
- Enhanced deposit and lending capabilities: Improved ability to scale deposit and lending offerings.
- Faster product roll-out: Efficient product development and launch processes.
- Transformed everyday banking: Modernized experience for retail and business members, encompassing checking and savings accounts, mortgages, loans, and business banking services.
“At Mambu, we believe financial services can positively impact the world,” said Fernando Zandona, Mambu’s CEO. “We’re committed to bringing innovation and simplicity to the credit union sector, and we’ll be with League Data every step of the way.”
This collaboration between League Data and Mambu paves the way for a more innovative and member-centric future for Atlantic credit unions.
