ST. PETERSBURG, Fla.– PSCU/Co-op Solutions has announced the launch of its new digital lending suite, Origination Solutions, through a partnership with Amount.
According to the company, the suite of offerings is currently in the pilot phase with two credit unions, and it is now accepting early adopters interested in offering their members “this cutting-edge, innovative experience.”
“Today’s consumers expect immediacy and a frictionless experience, especially around less complex and higher frequency products,” PSCU/Co-op Solutions said in a statement. “Digital account opening and credit card loan origination are both currently associated with a number of challenges, including a lack of automation, fraud, integration obstacles and outdated technology.”
The company said Origination Solutions solves for these barriers through an automated process with secure transactions and seamless integration with multiple systems to “power instant decisioning, ultimately creating a better member experience.”
‘Helps Win Share’
“Many credit unions have modernized their in-branch and contact center processes to meet member demand for immediacy, but other experiences still lag behind,” Denise Stevens, EVP, chief product officer for PSCU/Co-op Solutions, said in a statement. “This state-of-the-art technology provides a loan origination and account opening experience cardholders have come to expect, and it helps credit unions win member share and stay competitive in the modern, digital-first landscape.”
PSCU/Co-op Solutions said Origination Solutions supports an end-to-end seamless experience, including digital credit card with new account origination services.
The Features
The company said features of the solution suite include:
- Instant account opening: Increase membership growth with a seamlessly integrated new account opening process, including unique credit union membership eligibility requirements.
- Instant lending: Reduce operational costs with automated underwriting capabilities.
- Instant card origination: With pre-populated application information, members can easily and quickly apply for a credit card, receive a decision and instantly provision a digital plastic to a mobile wallet for immediate use.
For more info: pscu.com/origination-solutions.
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