#Canada #Calgary #digital solutions #VeriPark #Canadian Banking

Overview

In an effort to revolutionize the digital banking space in Canada, VeriPark, renowned for its innovations in omnichannel customer experiences for the financial sector, has recently announced a strategic partnership with several prominent Canadian credit unions and financial institutions. This coalition includes notable entities such as First West Credit Union, Prospera Credit Union, DUCA Credit Union, and Coastal Community Credit Union. The collaboration aims to leverage both local expertise and global best practices to enhance banking experiences for Canadians in a constantly evolving financial landscape.

The Vision Behind the Partnership

The primary objective of this alliance is to create a Canadian-focused digital banking product that aligns with the unique needs of Canadian consumers. The solution is designed to harness global and Canadian codebases, thus allowing each institution to retain its distinct identity while also having the capability to expand and innovate on features that differentiate themselves in the marketplace.

Darrell Jaggers, CIO and CTO of First West Credit Union, stated, "The partnership with VeriPark represents a uniquely Canadian solution that combines local expertise with global best practices. Our goal is to build on our past successes and provide members with innovative, personalized digital banking services that resonate with their evolving lifestyles."

What Sets This Solution Apart?

VeriPark was specifically chosen for its commitment to Canadian-centric product development, bolstered security measures, compliance with regulatory standards, and robust support for open banking frameworks. The solution, powered by Microsoft Azure, promises adaptability, efficiency, and a commitment to long-term support for the financial institutions involved.

Moreover, this innovative banking solution integrates seamlessly with Central 1's payment and fraud management systems, while also ensuring compatibility with a range of other payment platforms. This flexibility is critical for institutions looking to provide the broadest possible range of services to their clients.

Benefits for Coalition Members

The coalition members stand to gain several advantages from this collaboration:

• - A Canadian-focused solution that is enhanced by the inclusion of global best practices.
• - The opportunity to compete effectively with larger banking entities while maintaining their independence.
• - A solution that has been validated through a rigorous year-long assessment, ensuring consistent innovation and long-term support through Microsoft's technology stack.

A Call to Action

For financial institutions interested in joining this forward-thinking coalition, they can reach out to Darrell Jaggers or other IT leaders within the coalition for detailed information on membership. Barry Frame, Chief Sales Officer at VeriPark, emphasized the importance of this partnership by stating, "The financial services sector is constantly evolving, and this partnership offers a unique opportunity to shape the future of digital banking in Canada. By marrying VeriPark’s expertise with the coalition’s vision, we are eager to deliver a transformative banking experience for all Canadians."

Sales Director, Selim Hasan, further underscored this partnership as part of VeriPark’s strategy to expand its footprint in North America, highlighting a dedication to offering innovative solutions tailored to the specific needs of financial institutions in the region.

Conclusion

As financial institutions in Canada look to redefine and enhance their digital services in an increasingly competitive environment, collaborations like this one with VeriPark exemplify how local and global expertise can come together to create solutions that not only innovate but also resonate deeply with the unique lifestyles of Canadian consumers. For more information about this partnership, visit VeriPark's website.