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League Data brings Mambu cloud banking to Canada’s credit unions

By Gloria Methri

May 06, 2024

  • Atlantic Credit Union
  • Banking Modernisation
  • Brunswick Credit Union
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Mambu, League Data, Core Banking, Cloud Banking Platform, Digital Banking, Credit Union, CanadaLeague Data, the CIO and technology partner for Atlantic credit unions, has converted Brunswick Credit Union to the Mambu cloud-based banking platform.

As its legacy core banking system approaches end-of-life in 2025, League Data is seeking further digital transformation of its credit unions to modernize members’ banking experience.

“Our shared goal is to migrate every credit union in the Atlantic Credit Union System to this new banking platform that will provide an ecosystem for future growth and optimization,” said Chad Griffin, Chief Information Officer, League Data. “The objective is not to mirror exactly what we have today. It is an opportunity to reimagine our systems.”

Credit unions need a banking platform that allows them to move faster and be more responsive to create the experiences and develop the products members need in their communities.

“Once the core transition has been completed, leveraging the Mambu cloud banking platform to its full extent to take advantage of future possibilities is where the full benefits and potential for our members will be realized, “said Lisa Loughery, CEO of Brunswick Credit Union.

With Mambu, Atlantic credit unions will have an enhanced capability to scale their deposits and lending offers, roll out their products quickly and efficiently and transform everyday banking for their retail and business members, from checking and savings accounts to mortgages, loans, and business banking. A modern agile core means credit unions will spend less time managing legacy systems and more time focusing on innovating and improving their members’ experiences.

“At Mambu, we believe that banking and financial services can change the world for the better,” said Fernando Zandona, Mambu’s CEO. We wanted to bring innovation and simplicity to the credit union segment, and we are with League Data every step of the way.”

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