RALEIGH, N.C.–A CUSO here believed to have raised more start-up capital than any other has released its long-awaited first solution.
Constellation Digital Partners, which has been building what it has described as a “revolutionary software platform that will transform the future of digital banking for credit unions and members,” has released Aquarius.
The platform was released through Amazon Cloud Services.
“By utilizing Amazon Web Services, we have a degree of scalability and extendibility that other legacy providers simply cannot match, such as the potential to react to increases in traffic, new clients and new opportunities,” said CEO Kristopher Kovacs in a statement. “We chose to name this first release after the constellation Aquarius. Astrologically, the Aquarius constellation is the water bearer and water represents the ‘bringer and sustainer of life,’ which echoes the theme of what we’re announcing. Constellation is alive and real.”
Constellation Digital Partners was launched by Coastal Credit Union and a group of other CUs in May of 2017 that now number more than 100. The company has been seeking to raise as much as $28 million.
The CUSO has said its objective is to create and deliver “a complete suite of digital financial services dedicated solely to credit unions” that “will allow credit unions and members to choose which services to use inside of a secure banking experience. The platform enables a new service-based economy where developers can create tiles or services and then credit unions can seek out and select those services within the marketplace.”