Union Financial Technologies is delighted to announce its client centric core banking solution Union | platform has been implemented by a leading Credit Union in Estonia.
In Q1 2016 this will be augmented with Union | platform to provide credit scoring in the account opening and loan origination processes.
By implementing Union solutions the client is able to improve credit analysis, manage client records, configure products, process payments and account accurately in a unified system. It is envisaged this will deliver significant process efficiencies and improve corporate governance.
Selecting Union also allows the client to service clients through Digital channels and offer new retail and corporate banking products. It is envisaged these new capabilities will increase revenues and deepen client relationships.
Union supported the transaction with solution design and a flexible pricing plan which conserves cash flow during the expansion phase.
Commenting on the transaction Peeter Klanberg, CEO said “We are very pleased to support this client, both to improve their day-to-day operations and develop new capabilities. We have deep experience with Credit Unions and believe this segment will continue to grow in Europe and beyond.
For further information on the transaction please contact us.