COTRIBUTE AND CORELATION PARTNER TO HELP CREDIT UNIONS GROW
Leading credit union core processor Corelation, Inc. and Cotribute, the award-winning fintech platform for digital member growth, today announced a strategic partnership. Through the agreement, credit unions will be able to take advantage of seamless real-time integration between both platforms.
The pandemic accelerated the adoption of digital tools and technologies by consumers across all age demographics. As a result, credit unions are increasingly looking for innovative digital consumer, commercial account opening and loan origination solutions.
The partnership started when mutual clients needed a deeper integration between the two platforms. “Cotribute and Corelation share an intense focus on member experience. This partnership will ensure credit unions can quickly launch digital member onboarding experiences using Corelation’s powerful API and Cotribute’s conversion-optimized onboarding flows” stated Ron Yeshulas, Director, Vendor Relations at Corelation Inc.
Typical outcomes that Cotribute delivers include increasing onboarding conversions by 60%, decreasing cost of operations by 45% and collapsing onboarding time from hours to minutes. Cotribute also provides quick start templates for loan and deposit products that use best in class application flows and configurations that result in quick and low-risk implementations. COO at Cotribute, Arvind Paul stated, “Over the last 12 months, we’ve worked with multiple credit unions using Corelation. Clients want solutions that work out of the box with their core system. Having a real-time integration between Cotribute and Corelation eliminates manual busy work and compliance risks. The ROI from a client’s investments in Cotribute and Corelation increases significantly with this partnership.”
For credit unions looking to grow in the today’s rapidly changing economic environment, this partnership provides the much-needed technology layer to compete effectively, delight members and accelerate their digital transformation initiatives.