Celero, a leading provider of digital technology and integration solutions for credit unions, is approaching completion of its innovative digital banking platform, Celero Xpress™, with anticipated delivery to clients in fall 2020.
Celero achieved its final pilot milestone as Assiniboine Credit Union (ACU) begins to pilot Interac® e-transfer capabilities within Celero Xpress – this aspect of the project is the outcome of a successful collaboration between Celero and the Prairie Payments Joint Venture (PPJV), which is leading payments modernization for Prairie credit unions.
“This phase of our pilot is significant for two reasons: it marks that the credit union system is just weeks away from having a new, modern digital banking platform, and through our work with the PPJV, credit unions are also one step closer to achieving payments modernization,” says Tom Papagiannopoulos, VP, Celero.
The collaborative efforts of PPJV working with IBM and Celero has moved e-transfer progress from initiation to pilot in four months, with Celero connecting into IBM’s cloud-based payments architecture.
“This is the first step of many on our collective path to deliver a secure and robust payment service that can be connected into leading edge digital delivery systems such as Celero Xpress. Truly, this is the beginning of a defining moment in our credit unions’ evolution.,” says Michael Devlin, CEO, PPJV.
ACU prepares for implementation of Celero Xpress
ACU has been running a production pilot of Celero Xpress since March, testing and supporting the continual development of new features and functionality. This final pilot stage will enable Celero, PPJV and ACU to validate a critical piece of functionality with its members.
“Seamless and fast money transfer capabilities are touchstone to the modern digital banking experience, which is why this final pilot is so crucial. ACU is looking forward to our next step this fall to debut this platform to our members,” says Jennifer Mullen-Berube, Chief Brand & Innovation Officer at Assiniboine Credit Union.
Over the next month, ACU and Celero will complete their final implementation activitiesCelero Xpress will be generally available to all Canadian credit unions later this year; ACU intends to launch the platform with its 126,000 members this fall.