SISCOOP Collaborates with Fiserv to Become First in Mexico to Enable Digital and Mobile Banking for Credit Union Members
April 19 2018 - 3:15PM
Business Wire
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of
financial services technology solutions, today announced SISCOOP, a
cooperative providing services to credit unions in Mexico, will
enable 26 credit unions to offer digital banking services using
Fiserv technology. This landmark step marks the first time credit
union members in Mexico will be able to access credit union
services via digital platforms.
SISCOOP will utilize DigitalAccess from Fiserv to enable
these credit unions, including one of the largest in Latin America,
to meet growing demand for online and mobile banking. Because
DigitalAccess is an end-to-end multi-tenant digital solution, the
credit unions will be able to quickly and securely introduce a full
range of digital banking and payment services. The move to digital
services gives credit unions in Mexico the ability to provide the
same customer experience as banks, increasing competition in the
market and revolutionizing the current credit union landscape.
SISCOOP valued the fact that Fiserv has worked with a number of
credit unions in similar situations worldwide.
SISCOOP member Caja Popular Mexicana (CPM), the largest credit
union in Mexico and one of the largest in Latin America, will be
the first to deploy DigitalAccess. CPM will enable its 2 million
members to bank through mobile and desktop browsers and native
applications for Apple and Android devices, including smartphones
and tablets. In addition to accessing account information, members
will be able to sign up for SMS (text) and email alerts and receive
in-app notifications, transfer funds between accounts, pay bills
and make person-to-person (P2P) payments.
“The ability to offer full-featured digital banking places us on
par with the leading financial institutions in Mexico,” said
Alfonso Garcia, Commercial Director, Caja Popular Mexicana.
“We can now provide our members with access to their accounts
anytime, anywhere, transforming the way our members bank and
increasing our competitiveness. We are proud to help change
people’s everyday lives by providing access to convenient and
practical digital banking capabilities.”
Banking in Mexico can be challenging, requiring people to travel
long distances to their bank or credit union to manage their
personal finances. At the same time, many credit unions have seen
younger generations seek services with banks that provide more
digital options. DigitalAccess will help SISCOOP members attract
millennial market share and meet modern consumer preferences.
“The financial services industry is shifting, and consumers are
demanding digital banking experiences aligned with how they live
and work,” said Rene Salazar, managing director for Latin
America, the Caribbean and Canada, Fiserv. “We
look forward to working with SISCOOP and its credit union members
to provide digital banking capabilities that can change the way
people in Mexico move and manage money.”
In a world moving faster than ever before, Fiserv helps clients
deliver solutions that are in step with the way people live and
work today - financial services at the speed of life. Learn more at
fiserv.com.
About SISCOOPSISCOOP is a company in the Credit Union
industry in Mexico. Founded in 2008, SISCOOP specializes in the
implementation and operation of electronic payment projects such as
processing of debit cards and credit cards, ATMs and operations by
internet. Through these projects SISCOOP seeks to promote the
operational and technological integration of the sector, enabling
scalability in order to allow access to these technologies to all
credit unions regardless of their size.
About Caja Popular MexicanaCaja Popular Mexicana has been
working for 67 years in favor of financial inclusion. It is the
largest cooperative in the Mexican popular financial sector, with
more than 2.3 million partners. It is ranked 363 among the 500 most
important companies of Mexico by the magazine Expansión. CPM is a
member of the National Confederation of Savings and Loan
cooperatives of Mexico (CONCAMEX), as well as the World Council of
Credit Unions (WOCCU), and the Cooperative Alliance for the
Americas (ACI COOP).
About FiservFiserv, Inc. (NASDAQ: FISV) enables clients
worldwide to create and deliver financial services experiences in
step with the way people live and work today. For more than 30
years, Fiserv has been a trusted leader in financial services
technology, helping clients achieve best-in-class results by
driving quality and innovation in payments, processing services,
risk and compliance, customer and channel management, and insights
and optimization. Fiserv is a member of the FORTUNE® 500 and has
been named among the FORTUNE Magazine World's Most Admired
Companies® for five consecutive years, recognized for strength of
business model and innovation leadership. For more information,
visit fiserv.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180419006359/en/
Media Relations:Ann CaveDirector, Public RelationsFiserv,
Inc.+1 678-325-9435ann.cave@fiserv.comorAdditional
Contact:Cristy WilliamsSr. Director, Public RelationsFiserv,
Inc.+1 678-375-3295cristy.williams@fiserv.com
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