Plumery and Aequilibrium Join Forces to Revolutionize Digital Banking for Canadian Credit Unions
In response to the impending shutdown of Central 1’s digital banking solutions, Canadian credit unions are adapting with innovative alternatives. Plumery and Aequilibrium have teamed up to provide essential support during this significant transition period for the credit union sector.
Collaboration Between Plumery and Aequilibrium
Plumery, a leader in digital banking experience platforms, has partnered with Aequilibrium, a digital transformation expert based in Vancouver. Together, they aim to deliver a secure and scalable solution tailored for small to mid-sized credit unions affected by the discontinuation of Central 1’s Forge and MemberDirect services.
Understanding the Need for Change
This collaboration emerges as the National Digital Banking Working Group (NDBWG) continues its efforts to find solutions that align with the unique values and operational needs of Canada’s credit union network.
Innovative Solutions Offered by Plumery
Plumery’s platform boasts a multi-tenant cloud-native architecture, enabling credit unions to share core infrastructure while ensuring complete data isolation and customized user experiences. This approach not only reduces implementation costs but also simplifies operational complexities.
According to Plumery’s founder and CEO, Ben Goldin, “Our Digital Success Fabric was designed specifically as a true cloud-native SaaS solution for institutions of this size. This approach democratizes access to advanced financial technology that was previously available only to larger entities with significant IT resources.”
Aequilibrium’s Role in Streamlining Migration
Aequilibrium brings its extensive expertise to facilitate a smooth migration process, guiding credit unions through this critical phase. Founder and CEO Adrian Moise expressed, “We simplify banking by creating integrated digital experiences—from public websites to digital banking platforms—that harmonize standardization and differentiation, reinforcing each credit union’s unique identity and community influence.”
The Impact on Credit Unions
As credit unions navigate this transitional landscape, the partnership between Plumery and Aequilibrium exemplifies a proactive approach to ensuring continuity and enhancing customer-centric services. Key benefits of this collaboration include:
- Secure and scalable digital banking alternatives.
- Reduced implementation costs and operational complexity.
- Customized user experiences while maintaining data integrity.
- Expert guidance during the migration process.
Founded in Vancouver, Aequilibrium has established a solid reputation in the financial services sector with successful deployments throughout Canada, the US, and LATAM. For more on their services, visit their official website.
As the credit union sector transitions, the collaboration between Plumery and Aequilibrium highlights the importance of innovative solutions in maintaining stability and enhancing customer engagement in digital banking.
