MILWAUKEE, Wis.– Corporate Central CU said it plans to launch a new member service platform in the Fall of this year called “Beastro” that is designed to be a user-friendly, open, and integrated correspondent services digital platform to further advance financial wellness for members and the people they serve.
“embers will experience a streamlined user interface, frictionless user experience, modern technology, and leading security features to optimize the member experience and Corporate Central’s service to its members,” Corporate Central Center.
According to Corporate Central, Beastro will be a single secure platform for credit unions to interact, engage, and transact their digital financial services and operations.
“Through enhanced security, business intelligence, and open API architecture, Beastro leverages a single application to redefine the credit union’s experience with Corporate Central, their business partners, and their members,” the corporate stated. “Compared to legacy platforms, Beastro is intuitive, adaptive, and efficient. The self-service capabilities of the platform provide better, faster, easier, more secure access – helping credit union employees access what they need when they need it without hold times or delayed responses.”
Platform Deliverables
Corporate Central further said Beastro will deliver:
- Security
- Faster money movement
- Intelligent fraud prevention
- Expanded data analytics
- Frictionless digital transactions
- Enhanced member experience
- Single platform
- Connected ecosystem
- Self-service capabilities
- Latest financial technologies
- Open API for integrated connectivity
- Financial system integration
- Predictive technology
‘Significant Achievements’
The solution has been under development since 2021, Corporate Central said. It added that among the “significant achievements” during development has been:
- The establishment of a “Voice of the Member” team to help promote designs and gather feedback for Beastro from members
- Updates to member statements and invoices to a new format
- Developments to modules for cash delivery, member management, and accounts
- Modernization of interface designs for corporate checking, account transfer, member-to-member transfers, domestic wires, and importation of OFAC data
- Development of an enhanced notification management feature.
A ‘Robust Engine’
“We are focusing our strategic priorities on leveraging technology to optimize the member experience and our service to you,” said President/CEO Chris Felton. “This significant development effort enables a robust engine for innovation utilizing machine learning, robotics, smart workflows, and artificial intelligence. Quite simply, we are investing in your future.”