ebankIT to power digital banking for Canada’s Coast Capital CU
Canada’s largest credit union by membership has partnered with Portugal-based ebankIT to overhaul its digital banking offerings, reports David Penn at Finovate.
Coast Capital Savings, with $13 billion (CA$17 billion) in assets, will use ebankIT’s omni-channel digital banking platform to power both the credit union’s online and mobile banking channels, as well as its website.
CTO for Coast Capital Savings Jeff Wong says the platform supports integration with third-party technologies, “which will enable Coast Capital to drive ongoing digital channel innovation”.
ebankIT’s solutions include augmented reality (AR), beacons, and voice – to both traditional and emerging banking channels like mobile and wearables.
Founded in 1940, British Columbia-based Coast Capital now has 52 branches and 555,000 members. The credit union invested $5.6 million in local communities last year to help empower and engage youth.
This month, Coast Capital earned “B Corporation” certification from nonprofit B Lab, an acknowledgement that it has met the standard for social performance, transparency, and accountability.
The partnership news from ebankIT comes just a few weeks after the company announced that it was teaming up with unblu. The joint venture will integrate unblu’s co-browsing, live chat, and video technology into ebankIT’s platform.
This spring, ebankIT helped with the launch of Kuwait International Bank’s retail banking app, which was implemented using its platform. Also this year, ebankIT announced a partnership with Cyprus-based GCC Computers.