Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that First Oklahoma Federal Credit Union, based in Tulsa, Oklahoma, has selected Fiserv to help the credit union drive growth and enhance the member experience through digital innovation.
First Oklahoma selected the Portico® core account processing platform from Fiserv with an integrated technology suite featuring digital banking solutions. First Oklahoma will streamline its technology as it migrates from its current providers to Fiserv.
“As a pioneering credit union in the Sooner State, we have great pride in our tradition of providing members with high quality and convenient services that enrich their lives,” said Mark A. Colley, president, First Oklahoma Federal Credit Union. “We are broadening our role in the communities we serve, and have partnered with Fiserv to ensure we have the tools we need to support members, including superior digital and mobile banking technology. It is an exciting time for First Oklahoma and our members, and we look forward to the future growth that Fiserv can help us achieve.”
The software-as-a-service (SaaS) suite selected by First Oklahoma includes Virtual Branch® for online banking with enhanced bill pay, Mobiliti™ for mobile banking, Mobile Source Capture™ for mobile deposits, Loancierge® for lending automation, and Wisdom™ for accounting and call report management, in addition to solutions for statements, identity verification, web signatures and website hosting. All of the integrated digital and mobile solutions will be managed through the Portico core platform.
“Innovative core account processing platforms like Portico enable credit unions to integrate digital and mobile banking solutions to increase efficiency, while driving opportunities to grow new and existing member relationships,” said Ryon Packer, senior vice president, product management, Credit Union Solutions, Fiserv. “Our team at Fiserv is honored to be joining forces with First Oklahoma. Working closely together, we can help the credit union deliver an enhanced, multi-channel member experience.”
First Oklahoma was established in 1923 with the assistance of Edward A. Filene, who is often referred to as the father of the U.S. credit union movement, and is the oldest credit union in Oklahoma. With $36 million in assets and more than 4,000 members, the credit union serves those who live, work, worship, or attend school in Oklahoma’s Creek, Okmulgee, Osage, Pawnee, and Tulsa counties. By partnering with Fiserv on a range of hosted solutions, First Oklahoma will gain leading-edge technology that is managed by Fiserv and protected with world-class security protocols.
Fiserv is the U.S. market leader in account processing services, and more than one-third of U.S. financial institutions rely on Fiserv for account processing solutions and expertise. Portico is built on a service-oriented, open architecture framework, which enables credit unions to integrate solutions from Fiserv and other vendors with greater ease and speed.