Deregulation, technological advancements, convergence of traditionally separate service providers, competition from big banks and specialized financial service providers are some of the drivers making the Credit Union market place highly competitive. Credit Union members have increasing service level expectations from their Credit Unions.
The recent trend of consolidation in the Credit Union industry is suggestive of the growing pressure from members for a seamless and integrated multi-channel service. A declining interest rate income (for the third consecutive year) is forcing Credit Unions to increase market share and service revenue by introducing new types of loans — auto, mortgage, other real estate and stock collateralized loans — and high-end services such as commercial banking.
Credit Union application vendors are faced with lot of challenges and incessantly demanded to provide flexibility in their core systems and create products that offer newer financial services to their members and real-time information. These products and systems help increase member wallet share.
As systems integrator, CS Solutions has been helping clients in the Credit Union and financial services industry. CS Solutions brings over 6 years of business operations knowledge and technology expertise working with small, midsized and large financial institutions. CSSi’s”’ unique value proposition enables clients to:
- Reduce product development and customization costs by 30% (for onsite work) and up to 60% (through our offshore facility) by outsourcing technology and financial applications development
- Reduce product / service time-to-market by utilizing offshore time difference and up-to-date skilled resources for a faster rollout
- Get access to state-of-the-art offshore development facility in India to enhance your competitive edge
- Direct your employees focus to your core business functions and leverage CSSi’s”’ core competence and proven track record in technology development
Our experience working with the financial services and Credit Union industry includes the following among other solutions and services:
- Software development for lending, general ledger, credit card and debit card systems, eBanking, fraud detection and stock collateralized loan systems
- Interface development for ATM (Automated Teller Machine) controllers and integration with third party ATM Networks, Card Processors, EFT (Electronic Fund Transfer) Network and International Exchanges
- Web based (.NET & J2EE) application development, conversion and migration of legacy systems, middleware based enterprise integration, customer relationship management (CRM), database development and data warehousing
- Professional and business services support
Our knowledge of the industry, technology expertise and proven delivery capability has enabled us to achieve 100% customer satisfaction. Please feel free to contact us for more information in this area.