Xceed Financial Credit Union will transition its in-house DNA account processing to a Fiserv-hosted data center to expand its strategic opportunities and focus on members.
The $1 billion credit union in El Segundo, Calif., wants to leverage the fintech company’s hosting capabilities to maintain the advantages of using DNA while concentrating its internal resources on growing the business and providing retail, commercial and digital services for its members, the company said in a Thursday news release.
Xceed has 70,000 members across 13 financial centers in six states.
About 90 days after Xceed completes the transition from running DNA in-house to the Fiserv environment, the CU will also convert the systems to its
“Transitioning our DNA platform from an in-house to ASP environment places our vital technology assets in a world-class data center, with professional management,” Teresa Freeborn, Xceed president and chief executive, said in the release. “That enables us to focus more on our core business and on meeting our members’ ever-changing needs.”
