GILBERT, Ariz.— Velera has entered into a partnership with Kinective, which provides digital connectivity, document workflow and branch automation support for the banking sector, the CUSO announced.
“This collaboration will help Velera deliver next-generation solutions to its credit union clients by leveraging Kinective’s Gateway, a revolutionary solution that is reshaping how Fintechs introduce new products across the financial services landscape,” Velera said.
At the core of this partnership is Kinective Gateway, an integration technology that eliminates the development challenges normally associated with integrating new software products into a diverse ecosystem of core banking systems, Velera said.
“Historically, fintechs have been constrained by the need for time-consuming and costly development work to integrate with each individual core system used by prospective financial institutions,” Velera said.
According to Velera, Kinective Gateway significantly changes the game by offering a single, powerful integration point that opens access to an entire ecosystem of core systems.
“For Velera, this means faster time-to-market for its products, streamlined development, and significant cost reduction allowing it to deliver even more value to its credit union clients,” the company said.
"Velera is committed to empowering credit unions with leading-edge solutions," said Chuck Fagan, president and CEO of Velera. "With Kinective’s Gateway, we can better and more efficiently deploy new products, providing our credit union clients with a competitive edge to deliver the solutions, services and products to meet the evolving needs of their members."
"Kinective Gateway is designed to unlock the potential of fintechs by removing the traditional barriers that have long delayed product development and rollout," said Stephen Baker, CEO of Kinective. "With Velera’s partnership, we’re showcasing how Gateway can enable credit unions with greater choice by providing access to new technology faster and more efficiently. This is just the start – Gateway is poised to transform the industry, revolutionizing how fintechs deliver advanced products while opening access for financial institutions to leverage the best new technologies to modernize their business."
“Kinective’s Gateway stands as a key proof point of the company’s vision for the future of banking: to simplify access to the technology that drives innovation, empowering financial institutions to remain competitive in an ever-evolving market,” Velera said.