Puerto Rico's Largest Credit Union Selects D+H to Increase Competitiveness and Operational Efficiency
LAKE MARY, FL, Dec. 2, 2015 /CNW/ - DH Corporation ("D+H") (TSX: DH), a leading provider of technology solutions to domestic and global financial institutions, today announced that CooPACA, Puerto Rico's largest credit union, has selected D+H to adopt a complete suite of integrated solutions, including UltraData® Enterprise Core, that will help it more effectively compete in the marketplace and improve operational efficiency across the institution.
"The partnership between D+H and CooPACA is built on collaboration and trust," said William Mendez Pagan, chief executive officer of CooPACA. "D+H provides the technology breadth and depth that enables us to compete more effectively in our market, increase operational efficiency and better serve our members. We understand that not all businesses are equal, and we need to have a range of solutions to better meet our members' needs. I'm very excited about this partnership and know that D+H is the right technology partner to help us achieve our goals."
CooPACA chose to transition from a homegrown solution to an integrated suite of D+H enterprise solutions in order to better serve its members with a robust and consistent experience across all channels – including digital. D+H's real-time core processing solution, UltraData Enterprise Core, also provides the platform for CooPACA to rapidly integrate applications that drive cross-sales and help them diversify and grow their lending portfolio. This includes Internet and mobile banking, mortgage loan origination, commercial lending, risk management, loan servicing and business intelligence products from D+H. With a comprehensive and integrated solution portfolio from a single provider, CooPACA gains the flexibility to easily respond to changing member needs and market demands, while further evolving its business to support future growth.
"We have made steady investments and progress on offering an enterprise strategy that allows for progressive institutions like CooPACA to stay ahead of the competition," said Bill Neville, president of D+H's Lending and Integrated Core Solutions business. "This approach not only provides a tightly integrated solution platform that secures a more streamlined and consistent member experience, but it also takes some of the burden off the credit union which now only has to rely on a single, trusted technology partner."
CooPACA opened on November 17, 1946, in the city of Arecibo, becoming the first community credit union to be established in Puerto Rico. Its primary purpose was to serve as a financial source for its members, mostly consisting of small and medium-sized businesses. Today, CooPACA serves more than 100,000 members across 13 branches around the island of Puerto Rico.
D+H (TSX: DH) is a leading financial technology provider the world's financial institutions rely on every day to help them grow and succeed. Our lending, payments, integrated core and global transaction banking solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada, D+H has more than 5,500 employees worldwide who are passionate about partnering with clients to create forward-thinking solutions that fit their needs. With annual revenues well in excess of $1 billion, D+H is recognized as one of the world's top FinTech companies on IDC Financial Insights FinTech Rankings and American Banker's FinTech Forward rankings. For more information, visit dh.com.
SOURCE DH Corporation
For further information: Media Contact: Hyunjoo Kim, Manager, Corporate Communications, D+H, 416.696.7702 x5521, Hyunjoo.firstname.lastname@example.org