Credit card origination services offering moves from alpha pilot phase into early adoption

PSCU/Co-op Solutions has announced the launch of its new digital lending suite, Origination Solutions, in partnership with Amount. The suite of offerings is currently in the pilot phase with two credit unions, and PSCU/Co-op Solutions is now accepting early adopters interested in offering their members this cutting-edge, innovative experience.

Today’s consumers expect immediacy and a frictionless experience, especially around less complex and higher frequency products. Yet digital account opening and credit card loan origination are both currently associated with a number of challenges, including a lack of automation, fraud, integration obstacles and outdated technology. Origination Solutions solves for these barriers through an automated process with secure transactions and seamless integration with multiple systems to power instant decisioning, ultimately creating a better member experience.

“Many credit unions have modernized their in-branch and contact center processes to meet member demand for immediacy, but other experiences still lag behind,” said Denise Stevens, EVP, chief product officer for PSCU/Co-op Solutions. “This state-of-the-art technology provides a loan origination and account opening experience cardholders have come to expect, and it helps credit unions win member share and stay competitive in the modern, digital-first landscape.”

Origination Solutions supports an end-to-end seamless experience, including digital credit card with new account origination services. Features of the solution suite include:

• Instant account opening: Increase membership growth with a seamlessly integrated new account opening process, including unique credit union membership eligibility requirements.

• Instant lending: Reduce operational costs with automated underwriting capabilities.

• Instant card origination: With pre-populated application information, members can easily and quickly apply for a credit card, receive a decision and instantly provision a digital plastic to a mobile wallet for immediate use.

Through PSCU/Co-op Solutions’ partnership with Amount, enabling a digital-first credit card application experience is simple. The streamlined integration enables a quick-to-market solution – from hosted products such as mobile and online card management to a suite of custom APIs.

To learn more about Origination Solutions, visit pscu.com/origination-solutions. Credit unions can also reach out to PSCU/Co-op Solutions’ Emerging Services team, which is dedicated to the next phase in the company’s ongoing commitment to innovation and research and development (R&D) on behalf of its credit unions.