Press
Integration of Cloud Computing Key Driver for New Relationship Between CUNA Strategic Services and Compushare
MADISON, WI (March 13, 2013) — Cloud computing was seen as “pie in the sky” a few years ago, but 2013 will see it become desired, needed and achievable by credit unions, according to industry analysts.
Simply put, cloud computing is the delivery of computing resources as a service over the Internet. This year, it is expected to become “both commercially acceptable and necessary” to the financial services industry, according to Nicholas Brewer of Aite Group (Bank Systems & Technology, 12/14/2012). Core processing as well as critical non-banking software can be delivered from the cloud, allowing credit unions to focus on serving their members instead of maintaining on-premise technology.
With this in mind, CUNA Strategic Services, Inc., (CSS) has added a new alliance provider—Compushare, the nation’s leading technology management provider for the financial services industry. The Santa Ana, Calif., company is the pioneer of Compushare Cloud Computing (C3), the only fully hosted cloud computing solution designed specifically for the financial services market.
“We 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,” said Wes Millar, CSS senior vice president. “Compushare’s C3 platform, designed to meet credit unions’ growing regulatory requirements, hosts more than 200 applications and is integrated with many of the primary core processors.”
Millar added that Compushare’s best-in-class reputation is backed by being named one of the top 25 managed service providers by MSPmentor on its global 501 list [http://www.mspmentor.net/top501/].
“Compushare is very excited to have been selected as a strategic alliance provider for cloud computing by CUNA Strategic Services. What an honor and validation of our commitment to serving the credit union market,” said Romir Bosu, CEO and founder of Compushare. “We have seen the adoption of cloud computing among credit unions increase over the last couple of years and, along with CSS, believe the market is ready for a solution which assists in controlling costs, increasing efficiencies and preparing for increased compliance requirements.”
Bosu added, “We are looking forward to working closely with CSS to ensure we continue to bring the right technology solutions to the credit union market.”
For more information, visit http://www.cunastrategicservices.com/Compushare.
About CUNA Strategic Services
CUNA Strategic Services Inc., owned jointly by Credit Union National Association (CUNA) and the state leagues, saved credit unions more than $30 million in 2012 through its alliance programs. It provides credit unions with access to quality products, services, and technologies delivered with a competitive advantage made possible through volume pricing and strategic program development. For more information, visit cunastrategicservices.com.
About Compushare
Compushare is the leading provider of high quality, innovative technology and compliance solutions for the financial market. With more than 17 years of technology experience supporting over 800 financial clients nationwide, Compushare is SSAE 16 SOC 2 Type II and FFIEC examined. From our leadership team to the members of our service delivery team, our array of knowledge, certifications and practical expertise is unrivaled in the financial services industry.