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WHY ATTEND?
Credit Unions (CUs) face a rollercoaster of challenges - from an uncertain macro environment to high levels of technical debt and runaway competition. While most recognize that they must move operations to the cloud, many are still struggling to navigate change.
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The Case for Change
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Customers are looking for better, fast and more convenient ways to manage their finances. The rise of new business models like digital wallets and BNPL are disrupting traditional banking offerings and operating models. Moreover the increased participation of non-traditional players in financial services such as telcos, retailers are blurring lines between traditional separations of Technology and Business.
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Customer expectations are moving away from one-size fits all offerings towards tailored, personalized offerings and the increased growth of new Gen-Z customers into mainstream consumer base have strengthened the case for change.
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A multitude of Challenges
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Credit Unions are facing a multitude of challenges with the new customer perception and market landscape. There is a stagnation in Innovation due to heavily customized product set and functionalities embedded into the monolith. This makes it difficult to scale business with multiple systems and complex ecosystem of integrations.
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There is a worrying inability to tap into new revenue pools and business models that can be tested and launched quickly into market. The High cost structure to run and maintain platform and tech stack along with the inefficiency in operations have impact profitability.
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Cloud Modernization to the rescue: How AWS, Mambu and Persistent are jointly driving a new wave of modern banking
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Our partnership can help CUs innovate at pace, with impact across 5 key dimensions:
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Time to revenue
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Cost reduction
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Reduced risk
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Member experience
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Scaled growth
League Data’s transition to cloud banking underway: A joint Case study of our joint partnership
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League Data is the Chief Information Officer and technology partner for the Atlantic Canadian credit unions in 130 locations across Nova Scotia, New Brunswick, Newfoundland and Labrador, and Prince Edward Island. League Data focuses on providing fully integrated technology solutions that credit unions require to deliver a member experience that enables growth while reducing administration and operational costs.
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To replace its legacy system, League Data wanted a new platform that is not only built on cutting edge technology but is also adaptable to future emerging technologies such as open banking, blockchain, and artificial intelligence application
KEY TAKE-AWAYS
The Case for Change
​Challenges that Credit Unions are facing
Cloud Modernization to the rescue
League Data’s transition to cloud banking
THE WEBINAR PANEL
George Estrada
Principal Strategic Advisor, Credit Unions
AWS
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Anshul Verma
Senior Strategic Partnerships Manager
Mambu
Bipin Sahni
Chief Strategy Officer
Persistent Systems
This Webinar is in Partnership with
​Mambu is the world's only true SaaS cloud banking platform. Mambu fast-tracks the design and build of nearly any type of financial product for banks, lenders, fintechs, retailers, telcos and more. Our unique composable approach means that independent components, systems and connectors can be configured any way our clients require to meet their customer's needs. Founded in 2011, Mambu has 800 employees and 200 customers globally, including N26, OakNorth, Tandem, ABN AMRO, Bank Islam, League Data and Orange Bank.
In 2006, Amazon Web Services (AWS) began offering IT infrastructure services to businesses in the form of web services -- now commonly known as cloud computing. One of the key benefits of cloud computing is the opportunity to replace up-front capital infrastructure expenses with low variable costs that scale with your business. With the Cloud, businesses no longer need to plan for and procure servers and other IT infrastructure weeks or months in advance. Instead, they can instantly spin up hundreds or thousands of servers in minutes and deliver results faster. Today, Amazon Web Services provides a highly reliable, scalable, low-cost infrastructure platform in the cloud that powers hundreds of thousands of businesses in 190 countries around the world, With data center locations in the U.S., Europe, Brazil, Singapore, Japan, and Australia.
Persistent Systems is a trusted Digital Engineering and Enterprise Modernization partner for global market leaders across Industries. Combining deep technical expertise and industry experience we help our clients anticipate what’s next and answer questions before they’re asked. Our offerings and proven solutions create unique competitive advantage for our clients by giving them the power to see beyond and rise above.
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