Fusion Credit Union Chooses BankBI and Celero to Automate Financial Performance Management and Regulatory Reporting

November 16, 2021 – To advance data-driven decision-making in their organization, Manitoba-based Fusion Credit Union has selected BankBI, a UK-based fintech, and Celero, a leading provider of digital technology and integration solutions to Canadian credit unions, to implement BankBI’s financial performance management solutions.

Celero and BankBI’s collaboration is enabling Canadian credit unions like Fusion to gain access to insightful data from their core systems through an automated process. For Fusion, this solution will enable their executives and finance and risk teams to better understand and drive performance through balance sheet growth, profitability management, and an ongoing focus on efficiencies.

“By enabling information to flow daily from our core banking and Prologue™ Financials software, we can make better informed, data-driven decisions to manage our financial performance. With BankBI we continue to deliver on our mission to support members with financial guidance, community investment and member-focused innovation, and we believe BankBI will help us deliver results in better returns and experience for our members,” comments Kelly Brook, CFO, Fusion Credit Union.

Enabling data driven insights for better financial performance

Through the BankBI platform, financial leaders can better manage their overall financial performance – the solution links data from credit unions’ internal technology platforms and translates the data into insights that can both drive profitability and reduce costs.

“We value the opportunity to work with Fusion Credit Union to enable their financial leaders to advance their financial performance management and help them deliver great results for their employees and members,” BankBI CEO, Graham Goble shares, adding, “We are committed to facilitating success for the Canadian credit union system, alongside Celero, who has been instrumental in increasing awareness and the benefit of our solution within the system.”

For the past year, Celero and BankBI have been collaborating to expand the analytics solutions available to the Canadian credit union system and create new opportunities for clients to advance their access to relevant insights.

“The Canadian financial services industry is fast-paced, which is why actionable and regular insights are becoming indispensable for our clients to be able to make the right decisions at the right time. Our relationship with BankBI provides a key advantage for credit unions to recognize and take action on opportunities, respond to change and plan for the future,” says Tom Papagiannopoulos, Chief Operations Officer & Senior Vice President, Customer Delivery.

Talk to Celero and BankBI 

Get the tools you need to power your financial performance. BankBI and Celero can help your business stay ahead of technology trends, ensuring you can make informed, data-driven decisions based on actionable insights driven by your core banking and general ledger systems.

Celero and BankBI are hosting demos for interested credit unions. Contact your account executive or reach Celero here to set up a demo.

About Fusion Credit Union

Fusion Credit Union is a full-service financial institution serving over 30,000 members across 18 branches in the Parkland and South Western Manitoba.

With assets under administration exceeding $1.3 billion, Fusion has the capacity, the commitment, and the unique opportunity to support prosperity and growth in their home communities like no one else can.

About BankBI

BankBI is a role-based application designed to deliver the top-down daily performance dashboards needed by the Credit Union CEO, CFO, and COO and all the other stakeholders to work more effectively, whenever and wherever it’s needed.  We’ve designed BankBI specifically to accelerate your performance management to daily, and to automate management and regulatory reporting – freeing up time and resources from your busy teams to create value for your members.

As a testament to our value, we now have 60 customers in 40 countries, and a rapidly growing portfolio of Credit Union customers in Canada.

Contact Connor Blake, Director of Business Development.
Visit  https://www.bankbi.com/automated-regulatory-reporting/canada

About Celero

Celero is a leading provider of digital technology and integration solutions to credit unions and financial institutions across Canada. Clients trust Celero’s proven track record delivering innovative banking technologies, digital and payment solutions, cloud computing, outsourcing, IT and advisory services.

Celero offers reliability and security through its world-class hosted banking system and data center operations. With key partnerships across the globe, Celero also brings the scale and extensive capabilities of multinational technology companies and the focused expertise of fintech startups. For more information, visit celero.ca.