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Central 1 Launches New Digital Banking Platform for Credit Unions and Financial Institutions in Canada
Thursday, November 1, 2018Company Profile | Follow Company
The first-in-Canada platform designed exclusively for Central 1 clients
Vancouver, BC, November 1, 2018--(T-Net)--Central 1, a digital banking and payments provider for credit unions and financial institutions in Canada, today announced the launch of its new digital banking platform for clients called Forge.
Forge is a full featured digital banking platform that provides a leading user experience and gives the flexibility to configure and control clients mobile banking, public websites, and online banking services.
Clients that have deeper digital resources will have the option to further differentiate their brand by developing capabilities themselves on the platform.
Forge was built for Canadian financial institutions by Central 1 using using Backbase technology, and was "designed to provide flexibility and control for financial institutions to design their digital branch of the future with a user experience that is unparalleled today."
As Canada's leading digital banking and payments provider for credit unions and financial institutions, Central 1 says it built the platform today around how Canadians are using and expecting digital banking technology experience to be tomorrow.
"We promised our clients something exceptional and in nine short months we have delivered a platform that will enable our clients to create personalized, customized banking experiences for their consumers," said Mark Blucher, Central 1 President and CEO. "Forge is a clear demonstration of our commitment to deliver leading, responsive products in a time of innovation and disruption."
"It's very rewarding to see our partnership with Central 1 bring innovative, ground-breaking technologies to their clients. Central 1 has the digital DNA we love to see from our partners and we're very motivated by the commitments they continue to deliver on. They have all the power to be successful, and we're delighted that they've chosen the Backbase platform to accelerate their digital transformation," said Jouk Pleiter, CEO and Co-Founder, Backbase.
Alterna Bank, a wholly-owned subsidiary of Alterna Savings and Credit Union (Alterna) and FirstOntario Credit Union (FirstOntario) are the first financial institutions in Canada to use Forge. Alterna customers will experience an updated mobile interface and FirstOntario Members will have access to a new public website, both built using the new digital banking platform.
Forge will be the 'foundational platform of Central 1's digital services going forward'. By taking banking even farther beyond the branch, Central 1 says it is enabling the future growth of clients nationwide.
"The commitment and collaboration we have seen from our champion clients has enabled our success. We simply could not have delivered with such speed without having our clients working side-by-side with us," added Blucher.
Full client implementation of Forge is slated to take place over three years with the objective to have clients fully transitioned by 2021.
Contact
For more information about Central 1's Forge and other products and services, please visit: www.central1.com.
About Central 1
Central 1 is a preferred partner for financial, digital banking and payment products and services - fueling the success of businesses across Canada. With $19.5 billion in assets, we leverage our scale, strength and expertise to power progress for more than 300 credit unions and other financial institutions, enhancing the financial well-being of more than 3.4 million Canadians. For more information, visit www.central1.com.
Contact:
Nicole Adams
Director, Member & External Communications
Cell: 604.360.5974
Email: communications@central1.com
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