back Back

New England Federal Credit Union partners with Lumin Digital

By Delisha Fernandes

November 10, 2023

  • Cloud
  • Digital Banking Platform
  • Fintech news
Share

New England Federal Credit Union, Lumin Digital, Digital Banking Platform, online banking, mobile digital banking, cloud, Fintech news, Fintech USALumin Digital has launched a multi-year partnership with Vermont-based New England Federal Credit Union (NEFCU) to support an enhanced online banking experience for the credit union’s 166,000 members and more than $3 billion in assets.

Launched on NEFCU’s website and app earlier this month, Lumin’s cloud-native online and mobile digital banking platform will deliver safety and security features and seamless digital integration through personalized recommendations regarding spending insights, financial advice, savings goals, and fraud alerts. Lumin will also enable NEFCU to provide users with real-time updates and features that simplify everyday banking.

“At NEFCU we are committed to helping our members build stronger financial futures through both our personal services and online and digital capabilities,” said Mark Ackerly, Chief Information Officer at NEFCU. “Lumin gives us the confidence in providing a superior member experience with ease of use and peace of mind with its secure platform.”

The partnership between Lumin Digital and NEFCU comes as digital banking is on the rise. According to a 2021 JD Power study, a record 41% of U.S. retail bank customers were classified as “digital-only” that year, and the number of Americans using a digital banking service has increased every year since 2018, according to reports from Statista.

“As financial technology advances, more and more banking customers are turning exclusively to digital services, proving that convenience and accessibility are becoming key factors in choosing a financial partner,” said Lisa Daniels, chief delivery officer at Lumin Digital. “This partnership will enable the credit union to compete with the industry’s top digital players and attract and retain members for years to come.”

Previous Article

November 10, 2023

Montonio integrates BLIK payments to streamline merchant checkouts

Read More
Next Article

November 10, 2023

PayGlocal gains in-principle approval from RBI for Payment Aggregator license

Read More






IBSi Daily News Analysis

UAE, money transfer

June 14, 2024

Cloud

Digital remittances surge as key lifeline amid global economic challenges, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 14, 2024

Doha Bank & Mastercard partner to boost digital payments in Qatar

Read More

June 14, 2024

Paytiko brings its payment management solutions to Dubai, UAE

Read More

June 14, 2024

Bendigo & Adelaide Bank tap MongoDB to modernize core banking technology with Gen AI

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023