Innovation Federal Credit Union has completed its migration of foreign exchange operations to smartTrade Technologies‘ Commercial Banking & Payments platform, marking the successful transition of FX services following the transfer of operations from Concentra, Equitable Bank’s subsidiary. The move became effective July 13, 2026, after a carefully sequenced twelve-month implementation that maintained service continuity for all clients.
- Go-live Date: July 13, 2026
- Implementation Timeline: 12 months
- Innovation’s Managed Assets: $5.8 billion
- Innovation’s Member Base: 80,000+ across 30 locations in Saskatchewan and Alberta
- smartTrade Global Clients: 250+ from 12 offices worldwide
The platform provides a scalable foundation for Innovation to serve both direct and white-label clients while strengthening FX and cross-border payment services for credit unions and their members across Canada. smartTrade’s Commercial Banking & Payments solution delivers integrated FX pricing, distribution, and payment capabilities across the institution’s ecosystem of multi-asset trading and payments tools.
smartTrade stood out as more than a technology provider. Their team worked closely with us to ensure a seamless transition for the credit unions and members we serve. Combining their proven foreign exchange and payments expertise with our national reach creates a strong foundation to enhance services, drive innovation, and deliver greater value to communities across Canada.
– Daniel Johnson, Chief Executive Officer, Innovation Federal Credit Union
We are proud to have supported Innovation at every stage of this transition – bringing the platform, the people, and the project discipline to complete a complex change of ownership on schedule, with continuity of service for every client. Innovation’s expanded FX offering now runs on our Commercial Banking & Payments platform, and we look forward to supporting its growth for many years to come.
– David Vincent, CEO & Co-Founder, smartTrade Technologies
Innovation Federal Credit Union, one of Saskatchewan’s largest credit unions with approximately 500 employees, operates as a member-owned cooperative with $5.8 billion in managed assets. smartTrade Technologies, headquartered in France, serves over 250 financial institutions globally with AI-driven trading and payments technology across FX, precious metals, money markets, fixed income, digital assets, and derivatives.
Daniel Johnson, Chief Executive Officer at Innovation Federal Credit Union. Source: LinkedIn
David Vincent, CEO & Co-Founder at smartTrade Technologies. Source: LinkedIn
