Constellation Digital Partners is excited to announce a new strategic partnership with leading vendor management solutions provider, Rochdale Paragon Group. The exclusive partnership with Rochdale Paragon offers one-stop vendor due diligence reviews of Constellation service providers in order to deliver complete transparency and confidence to credit union buyers within the Constellation marketplace.
Regulations require credit unions to maintain effective vendor management programs. This new partnership will aid credit unions in making their vendor due diligence processes more efficient. Once fintech providers complete the Rochdale Paragon assessment process, credit unions will be able to obtain a pre-completed vendor due diligence review package in order to evaluate the suitability of potential technology partners. This alliance helps both credit unions and fintech providers improve speed-to-market by saving valuable time and effort throughout the sales process.
“After Constellation fintech providers are assessed by Rochdale, they will be given a special designation inside the Constellation Marketplace,” says Constellation Founder and CEO Kristopher Kovacs. “This special designation will allow credit unions to browse certified tiles knowing that due diligence is already taken care of. Without Rochdale’s partnership, separate due diligence processes for every potential credit union fintech combination would be tedious and redundant for all parties involved.”
Rochdale Paragon, formed in 2016, has quickly become the industry leader in both enterprise risk management and vendor management solutions and looks to expand on their expertise by providing complete due diligence reviews on all Constellation partners. By assigning an objective, risk-based score to each service partner, due diligence will be “built in” to every purchase. Creating a culture of accountability and transparency, Constellation and Rochdale Paragon look to systematically change the way digital services are purchased throughout the credit union industry, thus giving the advantage of exposure and confidence to all parties involved.
To learn more about Constellation, visit www.constellation.coop. To learn more about Rochdale Paragon Group, visit www.rochdaleparagon.com.
Contact: Liza Deckelbaum