Portuguese fintech ITSCREDIT announced this morning that it has implemented software for credit solutions at Coast Capital Savings, Canada's largest credit union, with 572,000 members and over $23.4 billion in assets.

João Lima Pinto, CEO of ITSCREDIT, describes the entry into the Canadian market through Coast Capital Savings as "a considerable step forward in terms of the expansion strategy for Canada".

"The product we implemented, ITS Calculators, is already available and accessible to Coast Capital Savings' clients through their website.  ITS Calculators is a full suite of financial calculators, and functions as credit simulator distinguishing itself by having modular, flexible integration architecture. This allows the financial institution to customize their product lists autonomously, resulting in targeted, relevant product lists that can help clients find what’s most relevant to their specific needs", explains João. Check it here »

According to Coast Capital Savings, “the tool implemented by ITSCREDIT replaced high demand finance calculators used by both members and Coast Capital financial advisers with easier to use, easier to support equivalents. Since the calculators were rolled out to Coast Capital Savings staff and members, they have garnered consistently positive feedback. As the demand for online services steadily increases, financial calculators continue to be well received and are poised for continued growth”.

"This is a multi-channel platform capable of operating through mobile devices, online banks, web portals and branches of partners. Among other features, it is able to perform custom simulations, store and save those simulations as assets, and integrate with the existing credit, lending workflows of a bank", exemplifies João Lima Pinto.