Co-operative values bring fintechs together
HALIFAX, NS, Jan. 9, 2024 /CNW/ – League Data Ltd. announced today that they have acquired Technicost from Co-operators Financial Services Ltd. effective January 1, 2024. Technicost is a technology company that provides credit management solutions, including Loan Origination Systems (LOS) to credit unions.
The combined capabilities of both organizations will help streamline and enhance technological services offered to credit union clients.
“Our shared co-operative values make this venture a natural fit for our organizations,” said Carrie Forbes, CEO, League Data. “The acquisition will allow Technicost continued growth with their product offering as well as providing an opportunity for both companies to scale technology, resources and credit union collaboration.”
Since 1982, Technicost has been providing Canadian Credit Unions with LOS solutions, delivering dynamic, unmatched credit software solutions to 40+ financial institutions across Canada. Technicost has been part of Co-operators Group of Companies since 2019.
“We’ve worked hard to successfully build Technicost and are proud of our achievements in the creditor space,” said Brad George, President, Technicost. “In partnership with League Data, we look forward to further streamlining and enhancing the technology services offered to Canadian credit unions.”
Technicost will operate as an independent entity as part of League Data. The current management team and staff will remain in place and it will be business as usual for clients and partners.
