CASE STUDY
Corporate One Federal Credit Union is a leading wholesale financial services provider for more than 750 of America ’ s credit unions . With a history extending since 1949 , Corporate One provides wholesale financial services , including management of approximately US $ 6 billion in assets , correspondent services , electronic payment services , investment solutions , management of the Alliance One ATM-sharing co-operative , and a range of back-counter services used by member credit unions and other credit union-affiliated organizations .
Corporate One has a variety of systems of engagement used by its members and although it is not directly consumer-facing , its systems are used by member credit unions to engage with their own membership .
Recognizing that credit unions found core banking systems costly and slow to customize , Corporate One sought a technology partner with which to launch digital services that members could consume and adapt at speed and scale .
To achieve this quest for agility , Corporate One selected OutSystems : a visual modeldriven development and delivery platform that allows developers to create enterprisegrade web and mobile applications .
Furthermore , Corporate One opted for additional security with OutSystems Sentry , which is reinforced with additional security , risk management and monitoring for a SOC2 Type II compliance .
Why OutSystems ?
“ We sought a more agile way to build and adapt these systems of engagement ,” explains Jim Horlacher , EVP , Chief Information Officer of Corporate One .
“ What started as a way to build digital systems faster and reduce our maintenance effort , soon grew in scope , as we realized the benefit that such an approach would have if we could cascade it to our member credit unions and their members .
“ OutSystems Sentry gave us the peace of mind we were looking for , which was important considering we are handling sensitive financial data for hundreds of credit unions and millions of their members .”
Today , hundreds of member credit unions access applications developed on OutSystems
OUTSYSTEMS SENTRY GAVE US THE PEACE OF MIND WE WERE LOOKING FOR , WHICH WAS IMPORTANT CONSIDERING WE ARE HANDLING SENSITIVE FINANCIAL DATA FOR HUNDREDS OF CREDIT UNIONS AND MILLIONS OF THEIR MEMBERS . www . intelligentcio . com INTELLIGENTCIO
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