Co-op Money NZ, which is co-operatively owned by 18 credit unions and mutual building societies in New Zealand, has chosen Oracle FLEXCUBE as its core banking system.

“The Oracle FLEXCUBE solution will replace our existing, legacy core banking system, and will become the one-stop solution for all information across members that will use the system,” says Henry Lynch, CEO of Co-op Money NZ, in a statement.

Lynch explains the Oracle solution was chosen by a majority of their credit union members after an in-depth consultative process which discussed its relative benefits and advantages.

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