Velera Establishes Innovation Alliance to Strengthen Sustainability of Credit Unions
St. Petersburg, Fla. (Sept. 4, 2024) – Velera – formerly PSCU/Co-op Solutions, the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider – is pleased to announce the establishment of the Velera Innovation Alliance (VIA), an extension of Velera’s Fintech Engagement Program announced in April 2024.
The VIA is a visionary body aimed at navigating the opportunities and challenges associated with new technologies, identifying and assessing innovative solutions, and introducing new concepts into the credit union sector to enable competitiveness and strengthen the sustainability of credit unions in the digital financial ecosystem.
“With the rise of fintech and the increasing importance of digital capabilities in today’s financial landscape, Velera is excited to shape and influence innovation within our industry alongside our fellow credit union leaders through the Velera Innovation Alliance,” said Vladimir Jovanovic, vice president of Innovation, Velera. “Together, we will explore cutting-edge technologies, identify innovative opportunities, engage in active participation for proof-of-concept (POC) initiatives and ultimately support and promote our Fintech Engagement Program across the credit union industry.”
The VIA will be comprised of 13 executives from a diverse group of credit unions that are committed to upholding the VIA mission. These esteemed fintech innovators and leaders – all of which are passionate about ideation – will participate in POC planning and testing, providing feedback on POCs that are being developed by their peers and fellow VIA members. They will also engage in discussions about areas of focus for their respective credit unions and contribute insights into criteria for partnering with fintech companies.
The first VIA meeting will be held in September 2024.
As part of Velera’s Fintech Engagement Program, the VIA will be supported by the Innovation team within Velera’s Emerging Services department. To learn more about the Fintech Engagement Program, visit pscu.com/fintech.
About Velera
Velera, formerly PSCU/Co-op Solutions, is the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider. With over four decades of industry experience and a commitment to service excellence and innovation, the company serves more than 4,000 financial institutions throughout North America, operating with velocity to help its clients keep pace with the rapid momentum of change and fuel growth in the new era of financial services. Velera leverages its expertise and resources on behalf of credit unions and their members, offering an end-to-end product portfolio that includes payment processing, fraud and risk management, data and analytics, digital banking, instant payments, strategic consulting, collections, ATM and POS networks, shared branching and 24/7/365 member support via its contact centers. For more information, visit velera.com.
