News

Fiserv CBS provides processing for Mexican credit union

July 19, 2005

LAKE MARY, Fla. - The Fiserv CBS Worldwide unit of Fiserv Inc. has signed CoopDesarrollo, Mexico's sixth largest credit union, to a core-processing agreement, according to a news release. The move will make CoopDesarrollo one of the first credit unions to comply with new processing regulations specified by the Mexican government. Fiserv CBS enables more than 280 financial institutions to deliver integrated solutions for managing the customer lifecycle from core banking to multichannel customer contact and data warehousing

CoopDesarrollo has approximately 100,000 members, more than 183 employees and 24 branches in the Mexican states of Guanajuato and Jalisco.

"The demand for new and better services that can be provided efficiently to all of our members, and the opportunity to comply with the new regulations, pushed CoopDesarrollo to look for a new technology platform that would also improve our controls and our quality of service," said CoopDesarrollo's managing director, Ing. Patricio Godinez Valadez. "Fiserv offered us a solution and technology that will make it possible for CoopDesarrollo to improve its service offerings in the areas of credit and savings, as well as improve its internal controls and the security and reliability of all the members' information."

"Fiserv is excited about the opportunity to contribute to the Mexican banking sector, especially since we are aware of Mexico's importance to the global financial services industry," said Dan Alf, Fiserv CBS's senior vice president and managing director of Latin America, Canada and the Caribbean.