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Synergy Credit Union selects BankBI and Celero for regulatory reporting, financial & banking performance automation solutions

Saskatchewan-based Synergy Credit Union is the latest to choose Celero and BankBI to deliver a performance management solution that will enable them to measure, monitor and manage their overall financial performance.

Using data from their Fiserv DNA core banking system, BankBI will provide automated reporting for Synergy that help them better understand their current financial performance, make decisions that enable business growth and streamline regulatory reporting requirements.

“The advantages of automating access to our data goes well beyond just driving better financial performance for Synergy – it’s highly impactful to our members, as they are also our owners and derive benefits from our success. The BankBI-Celero solution will provide that deeper level of insight into our performance, ultimately enabling us to make future-forward decisions that mutually benefit us, our members and our community,” says Christine Tucker, Chief Financial Officer, Synergy Credit Union.

Comprehensive solution includes automated regulatory reporting
As a solutions provider, Celero is connecting Synergy’s core banking system to the BankBI solution, which enables insights to flow daily to Synergy’s executive and financial teams to improve their understanding of their organization’s overall performance.

“For credit unions to successfully respond to changes in the ever-evolving financial services landscape, they need reliable, streamlined, data-driven actionable intelligence. Our collaboration with BankBI enables credit unions to have direct access to insights from their own internal systems to make the most informed decisions about their business and financial strategies and continuously monitor their progress,” says Colin Thrasher, Vice President, Digital Banking and Fintech, Celero.

One of the key factors in Synergy’s choice of BankBI and Celero was BankBI’s Regulatory Reporting Solution, which automates the process of aggregating data from different sources to meet ever-changing regulatory requirements for reporting.

“Data integrity is critical in financial and regulatory reporting processes; our solution mitigates the potential for human error and automates the repeatable processes in the data management, ensuring that financial institutions like Synergy can streamline their reporting to meet current and future regulatory requirements, on time and with confidence,” says Graham Goble, CEO, BankBI.

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 Synergy Credit Union

 

Synergy is a member-owned financial institution serving more than 28,000 voting and non-voting members from 11 communities within northwestern Saskatchewan. Synergy is the fourth largest credit union in the province of Saskatchewan and is one of the leading credit unions in Canada with $2.07 billion in on- and off-balance sheet assets.

Synergy provides core banking services through our traditional branch network, the Canada-wide ‘ding free’ AccuLink ATM network, MemberDirect® online banking, Live Chat, mobile web and app banking, as well as through calling our Member Contact Centre. More complex and advanced services, such as financial advice and analysis, are delivered by specialists who may be located in select branches or available to meet in a location of the member’s choice, by request.

About BankBI

 

BankBI was born out of the desire to deliver the kind of analytics and automated management reporting long desired by the Banking and Credit Union industry, but which conventional methodologies were failing to deliver.

The vision was and is to leverage the efficiencies brought by cloud architecture to deliver an analytics application that is deployed remotely needing no local infrastructure or expensive skills, maintained centrally in a multi-tenant environment, and implemented quickly using a pre-configured data structure. To finally provide management the timely, trustworthy information they need, when they need it, and in a low-cost subscription model.

Contact Connor Blake, Director of Business Development at
Visit bankbi.com/why-bankbi. 

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.