• Third largest credit union in Florida chooses DNA and multiple add-on solutions from Fiserv as the technology foundation for its future
• Modern architecture, member-centric design and Fiserv partnership were key factors in the selection of DNA
• Momentum continues as DNA exceeds 50 new clients in its second year as a Fiserv core processing platform
Brookfield, Wis. – Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that $3.2 billion Space Coast Credit Union (SCCU), based in Melbourne, Florida, will implement the DNA account processing platform along with a host of integrated Fiserv solutions. More than 50 financial institutions have selected DNA technology since Fiserv acquired Open Solutions on Jan. 14, 2013.
SCCU joins a growing list of progressive financial institutions, ranging in assets from $81 million to $14.7 billion, which have selected the DNA platform in the last 23 months. The credit union selected DNA for its modern, standards-based technology and flexible architecture that will provide an improved member experience, as well as for the proven leadership offered by Fiserv.
"The technology, scalability and open architecture of DNA provides a flexible foundation that will support our future growth," said Doug Samuels, president and CEO of SCCU. "Our new Fiserv platform will provide for us the opportunity to literally transform our work processes and significantly improve the experiences we create for our members. As a long-time Fiserv client, we trust that DNA will enable us to operate more efficiently and deliver a superior real-time, digital experience for our members."
Recognized by leading analysts for its technology, user experience and breadth of functionality, DNA from Fiserv is the first open, person-centric core processing platform built for collaboration. It will provide SCCU with 24/7 real-time processing and a 360-degree view of members for exceptional service and deeper, more relevant relationships.
DNA integrates with dozens of leading Fiserv solutions, including several that SCCU will implement. SCCU can customize and extend its DNA platform further with seamlessly integrated, core applications, called DNAapps™, that it can develop using the DNAcreator™ toolkit or download from the DNAappstore™ online marketplace.
"Space Coast Credit Union clearly understands the powerful value proposition Fiserv offers with our innovative and extensible DNA platform, our industry leading surround solutions and our commitment to helping clients achieve best-in-class results," said Steve Cameron, president, Open Solutions Division, Fiserv. "We are honored to have SCCU and more than 50 other financial institutions select DNA from Fiserv, and we're proud of the strong momentum DNA continues to enjoy with banks and credit unions across North America."
Fiserv is the U.S. market leader in account processing services for financial institutions. More than one third of U.S. financial institutions rely on Fiserv for account processing solutions and expertise, including more than 2,000 credit union core processing clients.
• DNA from Fiserv - www.fiserv.com/dna-cu
• DNAappstore from Fiserv - www.DNAappstore.com
About Space Coast Credit Union
Space Coast Credit Union was chartered in 1951 and is headquartered in Melbourne, Florida. The Credit Union serves over 290,000 members with assets of over $3 billion through a network of 58 branches and over 100 ATMs located throughout Florida and through its web site, SCCU.com. Space Coast Credit Union is open for membership to anyone who lives or works in the fourteen Florida counties it serves. Locations can be found at SCCU.com/locations.
This year, Fiserv, Inc. (NASDAQ: FISV) celebrates 30 years of leadership in financial services technology. As one of FORTUNE® magazine's World's Most Admired Companies, Fiserv is helping clients worldwide achieve best-in-class results by driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For more information, visit www.fiserv.com.
255 Fiserv Dr.
Brookfield, WI 53045