ORLANDO—The Next Big Idea in the credit union/CUSO space—a platform that allows CUs to easily shop for new digital services.
Constellation Digital Partners’ new Digital Services Platform was crowned the Next Big Idea during NACUSO’s 2017 Network Conference here Wednesday.
The annual Next Big Idea competition is the “credit union version of ABC’s Shark Tank TV show,” according to NACUSO, which annually selects the “five best new ideas” in the marketplace for credit unions. The five finalists competed onstage Wednesday during the meeting and the audience voted on the winner via a smartphone app. Constellation received 41% of all votes.
Describing its award, Constellation said, “credit unions can now shop for new functions in a marketplace of advanced digital services and choose which ones to offer their members. Once selected, the platform gives their members access to those services, ensures the security of their transactions and provides access to the core-processing system.”
In addition to Constellation, on stage this year were:
- CU Lending Cooperative, which competed with its fully automated high speed consumer loan generation and new member acquisition platform designed to attract Millennials to credit unions.
- CURateReset became a finalist with their digital pre-approval solution for credit cards.
- Deep Future Analytics presented an easy to use, forward-looking, CECL-ready ALLL solution.
- FICO entered with its Enterprise Security Score, which uses advanced analytical techniques, including machine learning and artificial intelligence, to quantify the likelihood that an organization will suffer a significant breach event during the next 12 months.