Lodestar Technologies Inc., a data and technology services leader, announced today that Parama Credit Union, based in Toronto, Ontario, have partnered to transform the credit union’s data strategy. Parama Credit Union chose the Lodestar Enterprise Data Store (LDS) to provide a single, fully integrated and accurate source of truth for all data, as well as intelligence and analytical capabilities to support the overall digital transformation and member experience.
As consumer engagement in financial services rapidly changes, Parama Credit Union is positioning itself to create an even more exceptional experience for its membership. As the regulatory climate is changing and the competition in the financial services sector is ever-increasing, easy access to data sources is critical - both strategic and tactical decisions must be driven by data.
“Rapid growth in a fast-evolving environment is creating fresh opportunity, which we believe Lodestar is extremely well-positioned to address,” says Tarmo Lõbu, Chief Executive Officer at Parama Credit Union. “We are very excited about moving to Lodestar’s data structure and analytical capabilities as we continue to deliver innovative solutions to further enhance our member experience.”
“We are proud to say our clients have been able to navigate significant change over the past few months leveraging our solutions,” says Steve Mott, VP Sales at Lodestar. “We are excited to have Parama Credit Union join our growing list of clients.”