Christian Investors Financial chooses Finastra solutions

By Robin Amlot

Minneapolis-based Christian Investors Financial (CIF) has selected Finastra to provide the nonprofit church extension fund with an integrated omnichannel banking solution including Finastra’s Fusion Phoenix core and Fusion Digital Banking, and integrated solutions for document management, self-service account opening and account-to-account transfers.

“With Finastra, we will be able to provide our customers with a modern digital experience, in line with what they might receive at larger financial institutions,” said Scott Achterling, President and CEO, Christian Investors Financial. “We currently don’t have a mobile app or online account opening capabilities — services that our customers increasingly expect. Now, customers will be able to do this with a seamless, omnichannel digital experience that feeds directly into our core. New and existing investors will be able to open Demand Certificates and Term Certificates much more conveniently, enabling us to reallocate resources internally to better fulfill our mission.”

In transitioning from its existing core processing system, which is run in-house, to Fusion Phoenix in the cloud, Christian Investors Financial will free up time for staff to focus greater attention on their customers. The organisation will leverage Microsoft Azure for system security, performance, and flexibility.

“A robust suite of digital services will meet the demands of Christian Investor Financial’s customers, while an open and flexible core, run in the cloud, will future-proof the technology investment,” said Chris Zingo, SVP and GM of Americas Field Operations, Finastra. “As new technologies emerge, Fusion Phoenix can integrate with them with its progressive open API architecture, allowing Christian Investors Financial to take advantage of trends and opportunities more quickly and efficiently.”

Fusion Digital Banking will provide Christian Investors Financial with a mobile app, giving its customers digital capabilities to manage their investments or loans anytime anywhere, from viewing e-statements to transferring funds. With the addition of Fusion uOpen, customers will also be able to open new Demand Certificates and Term Certificates.

Christian Investors Financial (CIF) provides loans to help finance or refinance the construction, remodeling and purchase of church buildings and other projects. CIF also provides investments, capital fundraising and other consulting services.