Fiserv has launched Credit Sense, a technology solution that enables financial institutions to deliver personalized credit information to their customers by integrating credit scores into the digital banking experience.
Credit Sense provides a credit score, daily credit monitoring, insight into factors influencing credit score and free financial education resources, the company says in a release.
Several financial institutions are already offering the service and receiving positive feedback and results. One of them is Charleston, W.V.-based Star USA Federal Credit Union.
“We are seeing our members become more financially savvy as they monitor their credit scores,” says Tammy Wells, chief financial officer of Star USA Federal Credit Union, in the release. “Our ability to customize lending offers for our members’ needs has also allowed us to make a substantial number of new loans. We are extremely impressed by the potential this technology has demonstrated to benefit our members.”
Another lender using the solution is Community Service Credit Union, based in Huntsville, Texas.
“We are always looking for new ways to expand relationships and provide more value for our members, and Credit Sense is helping us do so,” says Brenda Hooker, CEO of Community Service Credit Union. “We also strongly support the notion of providing our members with free financial education and allowing them to access credit scores and advice on how to improve their scores.”
Credit Sense also helps financial institutions strengthen and grow member relationships through customized lending offers, Fiserv says.
Credit Sense incorporates technology from SavvyMoney and will be available through multiple core account processing and online and mobile banking platforms from Fiserv.