HARRISBURG, Penn.–Pennsylvania State Employees Credit Union (PSECU) said it has converted is core banking system to Corelation’s KeyStone platform.
“At PSECU, we’re focused on always providing our members with the best quality products and services,” said PSECU President Greg Smith in a statement. “Staying at the forefront of technological advancements is an important part of this commitment, as many of our members rely on our digital banking solutions to meet their day-to-day financial needs. Thanks to Corelation, our new banking system will be a solid foundation on which we can continue to build further enhancements for our members’ benefit.”
PSECU’s said it began working with San Diego-based Corelation on a Friday evening with the extraction of data and transaction history from its legacy banking system. Within just 13 hours, the new system was in place and undergoing validation, the two organizations said. By Saturday evening, roughly 24 hours from the start of the process, all of the credit union’s member-facing applications were restored and functioning.
“In conducting our system upgrade, it was paramount that we minimize any potential disruption to the digital delivery channels on which our members depend,” explained Smith. “We worked closely with Corelation to put a very aggressive schedule in place to meet that goal, and in the end, it paid off. To have our systems up and running in roughly 24 hours was an incredible feat. We couldn’t have asked for a better outcome from our staff and Corelation.”
According to the company, with its implementation, KeyStone brings an array of benefits. "It is a relational database that is compatible with modern Java, JavaScript, C++, and C Sharp tools. KeyStone is also a flexible system with an application programing interface (API) that promotes user-friendly design. Because the KeyStone system operates online and in real-time, 24 hours per day, there is minimal downtime for members. PSECU will use the platform to efficiency by automating and streamlining internal functions," Corelation said.
“Technology will continue to play an important role in positioning credit unions to expand their services to their membership,” said Corelation President and CEO Theresa Benavidez. “It’s definitely a very exciting time to be participating in, and contributing to, the progression of tomorrow’s financial services. Credit unions today are looking for something new, effective, and reliable – and that’s what Corelation’s KeyStone provides.”
To prepare for the new banking system, PSECU said its more than 850 employees also completed around 1,000 KeyStone training sessions before the upgrade weekend. Upon leaving the classroom, they provided positive feedback about the future banking system.