RALEIGH, N.C. –Constellation Digital Partners has announced a new program, Dark Sky Ventures, which it said is designed to enable Constellation’s partner credit unions to collaborate on the development and negotiation of service provider relationships.
Dark Sky is further evidence of the continued evolution of Constellation’s capabilities and growth potential, the CUSO said.
Constellation said it made history in 2017 by disrupting the encumbering legacy structure of credit union relationships with fintech providers.
“With the launch of Dark Sky today, Constellation makes history again by enabling credit unions to join forces to jointly develop, purchase, and invest in services with a higher level of influence – a unique initiative that’s never been explored before,” according to the company.
According to the company, credit union collaboration through Dark Sky Ventures will encompass joint requirements gathering, assessment of build versus buy opportunities, custom development initiatives, and the negotiation of group buying deals to include investment opportunities. Credit unions that participate will equally fund Dark Sky Ventures and have access to take advantage of any opportunities that emerge from the collective efforts, the organization added.
“Credit unions have more power together than they do individually. We’re setting the stage for credit unions to accelerate their adoption of new competitive technologies for their members when they participate in Dark Sky,” said Constellation Manager, Strategic Partnership, Dawn Sirras. “Dark Sky is also greatly beneficial and efficient for our fintech partners as they will now have a single point of contact to move multiple projects forward. Our fintechs are highly motivated by Dark Sky to meet diverse service needs across several credit unions at once – it’s a win-win for both parties.”
The company said Dark Sky demonstrates its commitment to supporting its fintech partners as it brings new and innovative solutions to market.
“Through Dark Sky, the beneficial capabilities of the Constellation Platform are even more accessible to promising fintech companies. Gainful opportunities emerge from Dark Sky that spur the activation of fintech partners to deliver innovative, scalable services to credit unions in a timely manner,” the CUSO stated. “Most importantly, Dark Sky empowers Constellation’s fintech partners to bring services to fruition much faster, while simultaneously opening the door to new business opportunities.”