CUNA Strategic Services (CSSÂ (News - Alert)) has picked Compushare, a technology management provider serving the needs of the financial industry, as the exclusive strategic alliance provider for its cloud computing solutions.
Story continues below â†“
Wes Millar, CSS senior vice president, said, â€œWe know credit unions will be looking for ways to leverage cloud computing in the near future to take advantage of its cost, operational and efficiency benefits. Very few providers have built a cloud environment specifically for financial institutions.â€�
Cloud computing is essential for the financial services industry and all applications, including core processing, that are migrating to the cloud. This allows credit unions to stop maintaining on-premises technology and focus instead on serving members.
Credit Union National Association (CUNA) and the state leagues own CSS, which provides credit unions with access to high quality products, services and technologies. CSS has picked Compushare for providing credit unions with a solution that will allow them to focus on their core business instead of owning and managing technology.
Romir Bosu, CEO and founder of Compushare, stated, â€œCompushare is very excited to have been selected as the exclusive alliance provider for cloud computing by CUNA Strategic Services. What an honor and validation of our commitment to serving the credit union market.â€�
The adoption of cloud computing among credit unions has become prevalent nowadays. The market needs a solution that helps in controlling costs and preparing for increased compliance requirements. Compushare and CSS will collaborate to deliver the right technology solutions to the credit union market, noted Bosu.
Compushareâ€™s C3Â (News - Alert) solution has been widely adopted by the financial services industry. C3 is a fully hosted cloud computing solution that is designed specifically for financial institutions, said officials.
The C3 platform can host over 200 applications and is designed to meet credit unionsâ€™ growing regulatory requirements. Also it is integrated with many of the primary core processors.For the third year in a row, Compushare has landed on the top of Nine Lives Mediaâ€™s MSPmentor Global Edition. This year, Compushare ranked 24th on the list identifying the worldâ€™s top 501 managed service providers (MSPs).
Edited by Rachel Ramsey