1. What is the mission and vision of Celero?
Our vision is to be a leading provider of technology solutions to the financial industry that…
Celero is realizing this vision is by delivering a digital technology, integration and payments ecosystem to credit unions and financial institutions across Canada. This is accomplished through an innovative mindset, commitment to delivery, strong external partnerships and an unrelenting focus on reliability and security.
2. Why is trustworthy digital identity critical for existing and emerging markets?
As a provider of technology solutions to credit unions, we recognize the growing expectation our clients face from their members who demand convenience, innovation and robust security in every financial experience.
Digital identity is the mechanism to enable our clients to secure their members’ trust as they serve them in an increasingly digital world. Beyond that, digital identity can be an enabling force for Canadians who are unbanked or underbanked. We believe in supporting the financial health of our customers’ customers and recognize that authentication of identity is a means for a more financially inclusive Canada.
Overall, Celero recognizes we have a critical role to play in enabling our clients to build trusted and lasting relationships with their current and future members through a trusted digital identity framework.
3. How will digital identity transform the Canadian and global economy? How does Celero address challenges associated with this transformation?
To protect consumers, organizations put safety measures in place that can also cause constraints on convenience. This has been an ongoing challenge for financial institutions, and today’s ‘on-demand’ culture has served to spotlight these issues.
A trusted digital identity framework for Canada will provide a backbone of security in convenient transactions – removing barriers, streamlining service delivery, and strengthening national and global economies.
Celero can help shape the framework with a credit union perspective and can seek out the potential use cases and applications that can benefit our clients and their members and contribute to the DIACC’s goals through our expertise in financial technology and cyber security.
For instance, the Celero Xchange™ digital integration ecosystem platform enables financial institutions to seamlessly connect their secure platforms, such as their core banking system, to fintech applications – without the complexity of managing different standards for sharing data between products and partners.
Authenticating and authorizing a credit union member without compromising the security while maintaining a seamless member user experience is a key component of our platform and value proposition.
4. What role does Canada have to play as a leader in the space?
Canada has a growing fintech industry that is constantly seeking new ways to address digital innovation challenges and better serve consumers. The industry is becoming internationally recognized, and that expertise can serve Canada well in shaping a world-class digital identity framework that sets the standard for other countries to follow.
5. Why did Celero Solutions join the DIACC?
Our goal in joining the DIACC is to participate in driving forward solutions for digital identity trust in Canada, while obtaining new insights to apply with our clients in offering their members security, flexibility and convenience in a digital first society.