Co-op Solutions Takes Home ‘Fintech Company of the Year’ Honors

Annual Prometheus Awards Recognize the ‘Most Momentous Achievements in Technology’

Credit union payments fintech Co-op Solutions took home “Fintech Company of the Year” honors in the annual Prometheus Awards, held November 2 in Des Moines, Iowa. Organized by the Technology Association of Iowa (TAI), the program annually recognizes what the association calls the “most momentous achievements in technology.”

Co-op Solutions joined the Iowa technology community in 2017 when it acquired Des Moines-based payments processor TMG, and still maintains a large employee population in the area.

TAI selected Co-op from a large slate of nominees. Ultimately, the association recognized Co-op for its deployment of more than 1,000 software updates over the past 18 months. The updates include platform enhancements like Springboard Modern Experience, which provides real-time access to credit and debit cardholder account information, and the Co-op Insight Center, a reporting tool for credit, debit and ATM portfolios.

“Like most technology teams, we have been working to increase delivery of new software over the last several years,” said Pam Brodsack, SVP, Technology Delivery. “What sets Co-op apart is that we have found a unique and creative solution to meet challenging speed-to-market demands. The ultimate beneficiaries of faster, lower-overhead payments software are credit union members, who we are proud to serve alongside our credit union partners.”

According to Brodsack, those solutions include multiple teams developing software with modern cloud-based infrastructures and microservice architecture. The teams work in shared code bases and many cross-platform dependencies to create new, high-quality features. This enables Co-op to deploy software even when all necessary components are not complete, keeping innovation moving and credit unions actively involved in development through beta-test engagements.