Financial co-operative NZCU Baywide has become the latest member of Co-op Money to launch a new core banking system based on Oracle Flexcube.

Co-op Money NZ, which represents co-operatively owned credit unions and mutual building societies in New Zealand, announced in January 2016 that it had chosen Oracle Flexcube as a new core banking system that would be rolled out to all members.

At the time Oracle said Co-op Money NZ’s members represented approximately 200,000 members and have more than 95 branches with assets of over $1.5 billion and collectively are the sixth largest financial transactor by volume in New Zealand.

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