COLUMBUS, Ohio–Sherpa Technologies, a CUSO of Corporate One FCU, said it has launched a new fintech innovation platform called FintechAccel | CU.
The company said the focus of the platform will be to work with industry executives throughout the country to “identify and solve issues facing the credit union industry by finding, fostering, showcasing, and partnering with fintech startups.”
Sherpa said it will be collaborating with fintech providers to standardize due diligence and streamline solution vetting through a combination of unique functionality embedded within the Mosaic digital business platform and innovative testing tools from ConnectFSS, a partner and program participant. Mosaic will also be leveraged to accelerate the integration and distribution of fintech solutions to the credit union industry, Sherpa said.
Building on ‘Mission’
"When we launched Sherpa, it was with a singular focus: leading the member experience journey for credit unions," says Keith Riddle, president and CEO of Sherpa Technologies. "Our partnership with the operating team and program participants at FintechAccel | CU allows us to build on that mission by linking credit unions with the top fintech startups in the world to solve our industry’s unique problems.”
Added Kevin Pohmer, managing director of FintechAccel and former CEO/founder of Financial Guard, "The credit union industry is an ideal fit to partner with leading fintech companies as they look to retain their competitive advantage in an ever-changing banking landscape that consists of enormous technology budgets. FintechAccel | CU will provide the platform to identify, evaluate, and partner with fintech startups to solve some of the major issues facing credit unions today.”
Initial Investors
Initial sponsoring participants of FintechAccel | CU include Corning Credit Union, Gulf Winds Credit Union, Kemba Credit Union, Virginia Credit Union, One Nevada Credit Union, Northrop Grumman Federal Credit Union and Connect Financial Software Solutions (FSS).
“In order to be agile in their endeavors in their first year, FintechAccel | CU will be engaging with fintech startups that align with problem statements prioritized by the program participants and will focus on improving and enhancing member experience, deposit acquisition, lending, and digital transformation,” the CUSO said.
The company said it will host a FintechAccel | CU one-day Fintech Showcase in Tampa in November.