Central 1 Transfers Digital Banking Operations to Intellect Design Arena

Hey Banking Fanatic!

Central 1 Credit Union is handing over its digital banking operations to Intellect Design Arena Ltd., following its decision to wind down offerings like Forge, MemberDirect, and mobile applications. Under the deal, Intellect will take over Central 1’s digital banking software, teams, and client support, ensuring a smooth transition for users.

Central 1 will continue providing technology infrastructure, while its engineering and service teams will join Intellect to maintain continuity. The agreement, expected to close soon, reflects both companies’ commitment to supporting credit unions and banks.

“We’re confident Intellect and the transitioning team will ensure stability for our clients,” said Sheila Vokey, CEO of Central 1. Rajesh Saxena, CEO of Intellect Global Consumer Banking, added, “This partnership reinforces our dedication to Canadian credit unions, while our eMACH.ai platform offers exciting opportunities to reimagine digital banking experiences.”Intellect, a global FinTech leader, provides robust, Canada-ready software for retail, SME, and commercial banking, offering enhanced functionality beyond Central 1’s existing services.

Stay tuned for more updates below ??. Talk soon!

Cheers,

Marcel

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