Constellation Digital Partners is pleased to announce Coastal Credit Union as the first credit union to officially launch digital services for its members through the Constellation platform. Coastal will now offer its members a modernized digital bill pay and person-to-person payments experience powered by Payrailz.
Benefits of utilizing Constellation’s platform include:
• Seamless integration of new member services within a credit union’s current digital banking solution
• Faster expansion of online and mobile banking services to fulfill a credit union’s digital strategy
• Agile integration of countless fintech innovations – comparable to big banks
• Delivering real world collaboration that benefit both credit unions and fintechs
Coastal’s launch of the services through the Constellation platform brings the partnership between the two organizations to fruition. Constellation founder and CEO Kristopher Kovacs served as the former CIO of Coastal and developed the Constellation concept for the open development platform during his tenure there.
Coastal President and CEO Chuck Purvis said, “This launch is historic not only for Coastal, but for the credit union industry as a whole, and we’re honored to be part of it. We’re committed to providing our members with top tier technology solutions, and Constellation enables our complete digital transformation. This launch is just the first step of Coastal’s journey on the Constellation platform.”
Constellation is making it possible for credit unions to better compete with big banks by providing a platform that is able to rapidly deliver the digital services members desire. The open, patented and secure platform enables credit unions to engage members in a way that’s never been possible before, powered by multiple providers through a single consolidated member portal.
“The vision for Constellation is being realized with Coastal’s launch,” said Constellation Founder and CEO Kristopher Kovacs. “We are delivering on our promise to build a futureproof digital banking experience for credit union members, as well as an innovation showcase for fintech collaboration.”
Constellation’s platform serves as a unique enabler between the fintech community and the credit union industry. The Constellation ecosystem offers a safe and reliable way for credit unions to harness the innovation of fintechs with confidence, while competing with the best digital services in the industry.
“Both Constellation and Payrailz have a shared vision of creating better experiences for credit union members. Our collaboration is a great example of how we deliver fintech integration that makes it simpler for credit unions to use our payment service,” said Payrailz CEO and Founder Fran Duggan. “The momentum is building with approximately a dozen more credit unions in the queue and eager to integrate Payrailz services using the Constellation platform.”
Other credit unions are slated to launch a variety of services, including full digital banking transformations, on the Constellation platform later this year.
Interested credit unions and fintech developers can request a platform demo, or inquire about Constellation’s services development process and investment opportunities, by visiting constellation.coop/contact-us.
To learn more about Constellation, visit www.constellation.coop. And, connect with Constellation on Twitter, Instagram (@ConstellationDP), Facebook and LinkedIn.
Contact: Liza Deckelbaum