VeriPark, an international provider of AI-first digital banking solutions is leading the way in achieving Canadian market penetration and expansion through a number of strategic credit union alliance partnerships and technology deployments to develop digital transformation in the entire Financial Services Ecosystem. Serving the digital banking needs of several leading Canadian financial institutions, VeriPark continues to build out its presence as these banks modernize their legacy systems and move to cloud-native banking environments.
Key partnerships and platform deployments include: One of the company’s more recent accomplishments has been its recognition as a strategic partner by Central 1, paving the way for Canadian credit unions to adopt VeriPark’s AI-enabled digital banking products more easily. More recently, the Canadian User Groupan integrated innovation platform established to promote digital banking advancements and experience sharing among financial playershas been initiated with the support of VeriPark.
As part of the United Tru Cooperative Bank (formerly First West Credit Union), it was one of the founding members. Also, VeriPark has formed alliances with various large Canadian credit unions such as Fusion CU, Beem CU, Your Neighbourhood CU, Innovation Federal CU, Stride CU, Coastal Community CU, Kootenay Savings CU, Community Savings CU, Northern CU, Ukrainian CU, Sunrise CU, Steinbach Savings CU.
The main goal of these alliances is to improve the digital needs for these credit unions and provide a better and more connected service to members.
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The company also highlighted measurable business outcomes achieved through its technology implementations. Innovation Federal Credit Union reportedly secured the #1 Net Promoter Score (NPS) among Canadian financial institutions while also achieving an eightfold increase in digital onboarding performance.
While operating in the Canadian market, VeriPark advances its AI-enabled banking system provisioned on Wi-FI channels worldwide through it products VeriChannel, VeriTouch and VeriLoan. At present, the company services 150+ banks/financial institutions (FiNs) over 30 countries on a daily basis, establishing a break-through omni-channel banking experience and new-age bank client interaction.
VeriPark’s exclusive relationship has also been reaffirmed. The company attracts lots of interest from the Microsoft community, having earned the Microsoft Inner Circle Award on 14 occasions; and is a valued partner to financial institutions who are implementing Microsoft Azure and Dynamics 365 technologies to enable their digital transformation.
“Our success in Canada is a testament to our commitment to the cooperative values of credit unions combined with world-class technology,” said Selim Hasan, Vice President of Sales at VeriPark. “We are a long-term partner helping Canadian institutions move fast, stay secure, and remain at the heart of their communities.”
“By combining global best practices with Canada’s unique market needs, we are enabling credit unions to compete, grow membership, and remain at the heart of their communities,” added David Dervish, Chief Revenue Officer at VeriPark. “We continue to drive measurable growth for our customers by aligning global innovation with deep local industry expertise.”
