PLANO, Texas and SANTA ANA, Calif. (10/16/13)--Catalyst Corporate FCU, Plano, Texas, announced it will provide credit unions with cloud computing and other information technology outsourcing solutions provided by Compushare.
Compushare is a CUNA Strategic Services provider.
"Credit unions are beginning to consider cloud computing and other forms of information technology outsourcing as a top strategy for reaching many business objectives," said Kathy Garner, Catalyst Corporate president/CEO, citing increased efficiencies, enhanced security, improved disaster recovery and regulatory compliance.
The Catalyst Cloud Computing (C3) platform, powered by Compushare, will allow credit unions to move their local applications and processes to a secure, scalable, high-redundancy remote environment.
C3 offers a library of hundreds of financial and business applications, allowing credit unions to adopt state-of-the-art technology with the necessary security, business continuity and compliance guaranteed to meet 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. Applications and data can be accessed securely through any Internet connection.
"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, Compushare CEO. "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."