The $11.8 billion (Canadian) Coast Capital Savings Credit Union in British Columbia is now operating on a new Temenos core processing system, the company and credit union said.

Coast Capital replaced two older systems with the TEMENOS T24 platform that is now processing approximately 450,000 transactions a day, Temenos and Coast Capital said.

The credit union also is using the Swiss company's TEMENOS Insight business analytics solution to generate desktop reports and dashboards for managers.

“Given our rapidly growing customer base, our new banking system provides us with a strong, flexible and robust environment that will help us continue to deliver innovative products and services to customers across a wide range of channels, be it online, mobile or in-branch,” said Tracy Redies, Coast Capital Savings president/CEO.

Temenos Group AG said its software is now in place at more than 1,500 customers in 125 countries, including 29 Canadian credit unions.