Lafayette Federal Credit Union Selects Bankjoy for Full Digital Banking Suite, Piloting Business Banking Platform to Improve Member Experience
DETROIT – (COMMERCIAL THREAD) – Digital banking provider Bankjoy has signed with Washington, DC-based Lafayette Federal Credit Union for its comprehensive suite of digital banking services to enhance the overall experience for its members and the credit union it -same. The billion dollar credit union will also pilot Bankjoy’s latest commercial banking platform, providing business members with a top-notch digital experience.
Designed by credit union executives, Bankjoy provides modern banking technology including mobile, online, electronic statements, online account opening, online loan origination and conversational AI to banks and co-ops. of all sizes. The platform offers cutting-edge integrations to quickly upgrade the digital cooking experience and deliver beautiful products with advanced features, simple navigation and a modern appearance.
Lafayette Federal Credit Union is the latest financial institution to implement Bankjoy’s digital banking suite. In addition to its comprehensive digital consumer banking solutions, the credit union will also pilot Bankjoy’s business banking platform, further empowering the institution with tools to help retain member businesses. The platform’s invoicing, payroll, business start-up, wire transfers and entitlements features, combined with a superior user experience, help businesses manage their finances effectively.
According to Jeff Ference, Senior Vice President, Operations, Lafayette Federal Credit Union, âSince 1935, we have been a trusted provider of convenient and reliable banking solutions, coupled with premier member service. By partnering with Bankjoy, we are strengthening this commitment. Their entire digital banking suite will provide our members with a modern and seamless experience while providing them with the tools and technology they want and need. ”
To support its initiative, Lafayette Federal Credit Union will migrate to Corelation’s Keystone platform, developed specifically for credit unions to provide the highest level of performance. Bankjoy’s tight integration with Corelation’s Keystone will provide members with an incredible user experience no matter how they choose to interact with the credit union.
Ference added: âWe were extremely impressed with Bankjoy’s close integration with Corelation. This was the key to our selection process and really sealed the deal for us. We look forward to the added value these platforms will bring to our members. ”
âThe adoption of digital tools – both by consumers and small businesses – continues to increase,â said Michael Duncan, CEO of Bankjoy. âIn fact, a recent study found that 85% of Americans plan to continue using digital tools to manage their finances online or through mobile devices, beyond the past 18 months. The increased interest in digital banking services is not surprising, but financial institutions must not only keep pace with demand, but also ensure that their offerings are modern and transparent. Not all digital banking platforms are the same.
Duncan continued, âInstitutions like Layfette Federal Credit Union are leading the charge to meet the growing digital needs of consumers and entrepreneurs. Driven by their commitment to providing superior service, we are delighted to support them in their new business and the value it will bring to their members.
Detroit-based FinTech Bankjoy provides modern banking technology, including mobile banking, online banking, and a banking API to banks and credit unions large and small. The company takes pride in creating superb products with advanced features, simple navigation, modern look and feel, and world-class user experiences shaped by dialogue with users. Bankjoy is a company backed by Y Combinator and CheckAlt. For more information, visit www.bankjoy.com.