Powering credit unions' digital transformation
League Data is delivering agility and innovation to Atlantic Canada's credit unions through Mambu's cloud native core banking platform.
- credit unions supported today
- locations in Atlantic Canada
Cloud service provider
LEAGUE DATA
About the customer
Founded in 1975, League Data is the Chief Information Officer (CIO) and technology partner for Atlantic Canadian credit unions across Nova Scotia, New Brunswick, Newfoundland and Labrador, and Prince Edward Island.
As a co-operative fintech, League Data offers fully integrated technology solutions to empower credit unions with scalable services that reduce administrative burdens and operational costs.
- 40+ credit unions
- 130 locations
- 320,000 members
The challenge
Overcoming legacy challenges
League Data's legacy core banking system was nearing the end of its lifecycle. The organisation required a new platform that not only integrated cutting-edge technology but was also adaptable to emerging innovations such as open banking, blockchain, and artificial intelligence. League Data needed a future-proof solution to enhance agility, enable digital transformation, and deliver better experiences to its credit unions and their members.
“The objective is not to mirror exactly what we have today. It is an opportunity to reimagine our systems. Mambu was the solution that best matched our cooperative culture and business objectives, as well as our future goals. ”
- Chad Griffin, CEO, League Data
The solution
Digital acceleration, at scale
League Data selected Mambu for its composable and 100% cloud-native banking platform. Underpinned by Amazon Web Services (AWS), League Data was able to build a digital ecosystem of over 20 partners, while keeping credit union members’ needs at the core of the transformation.
With Mambu, Atlantic credit unions have an enhanced capability to scale deposits and lending offering, the ability to roll out products quickly and efficiently and transform everyday banking for retail and business members, from checking and savings accounts, to mortgages, loans, and business banking.
The result
Delivering member-centric innovation
League Data gained a composable solution aligned with credit unions’ goals and member needs through a digital ecosystem with 20+ partners, delivering solutions faster and more cost-effectively.
A modern agile core means credit unions will spend less time managing legacy systems and more time focusing on innovating and improving member experiences.
After a successful pilot featuring Brunswick Credit Union, migrations for the remaining 40+ credit unions are underway.
