Raleigh-N.C.-based CUSO Constellation Digital Partners implemented its first open digital banking platform; and New York City-based fintech firm Narmi showcased apps aimed at helping members reduce bills and select home insurance.
Constellation Digital Partners announced the release of Aquarius, the first production implementation of its open development platform for digital banking since the CUSO launched in May 2017. The CUSO maintained the official release of the software marked one of the first online and mobile banking platforms built exclusively on Amazon Web Services.
Constellation founder and CEO Kristopher Kovacs realized there was a fundamental problem in modern digital financial services. Despite a recent boom of potential financial technology partners, credit unions, have not been able to access them because of the legacy structure of credit union relationships with current banking providers, he noted. Constellation's creation was the result of a three-year long research and development effort.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
