SANTA ANA, CA -- (Marketwired) -- 10/15/13 --
Compushare, a D+H company and the nation's leading Technology Management Provider for the financial industry, announced today it has entered into a strategic alliance with Catalyst Corporate Federal Credit Union (Catalyst Corporate) to support Catalyst Corporate's Cloud Computing and Total Technology Solutions offering. Catalyst Corporate -- a wholesale financial institution serving credit unions throughout the United States with payment, liquidity investment and technology services -- will expand credit unions' ability to outsource information technology by leveraging Compushare C3 -- the only fully hosted cloud-computing solution designed specifically for financial institutions -- in addition to Compushare's enterprise class suite of systems management and security services.
"Catalyst Corporate is pleased to offer this valuable strategic alliance to our members so that they can easily move to the cloud and thereby ensure resiliency and compliance in a cost effective manner," said Kathy Garner, President/CEO of Catalyst Corporate Federal Credit Union. "C3 will allow credit unions to access data and legacy financial applications securely online for round-the-clock availability on any device, while also achieving significant operational efficiencies such as ease of adding or modifying user access, performing software upgrades, and managing granular access controls around access to critical data," added Garner.
"The decision to work with Compushare to offer these services to our member credit unions was based on months of due diligence, during which we learned that Compushare has the most robust and secure cloud-computing option available to financial institutions today," said Garner. "Our members are looking to adopt solutions that will allow them to keep pace with changing standards while maintaining the data security and reliability required by financial institutions," she said. "Catalyst Corporate's track-record of alleviating operational headaches through secure, technology-driven solutions makes these services a logical fit."
Compushare's cloud-computing platform allows financial institutions the ability to move all of their local applications to a secure, scalable and high-redundancy environment. C3 offers a library of hundreds of financial and business applications allowing credit unions to easily adopt state-of-the-art technology with all the necessary security, business continuity and compliance guaranteed to meet all of their business needs. The C3 platform eliminates the costs, resources, maintenance, integration, back up and future upgrades required for supporting an on-premise hardware infrastructure, enabling credit unions to realize considerable time and cost savings. In addition, applications and data can be accessed securely through any internet connection, giving the credit union complete flexibility to better serve their members.
"The economic and regulatory environment demonstrates how important it is for credit unions to focus on their business without having to worry about investing in and maintaining technology assets," said Romir Bosu, Head of Compushare. "Our IT outsourcing solutions allow Catalyst Corporate's member credit unions to do just that. Compushare is the first in the financial industry offering this category-defining solution so credit unions can realize all of the benefits the cloud can deliver," said Bosu.