Banking has been disrupted by nontraditional, digital-first competitors. Many credit unions lack the financial means to invest in IT systems and marketing, so they struggle to compete. Customers are increasingly demanding complete and seamless digital services without ever having to visit a branch. However, saddled with legacy systems and limited resources to invest, credit unions need a solution that enables them to rapidly develop and launch new digital services without significant up-front costs in order to meet and beat this challenge.
Persistent Digital Bank and Credit Union Solution (PDBCUS) combines a tailored technology platform with Persistent's consulting services to accelerate digital transformation. As an AWS Partner who has achieved the AWS Financial Services Competency, Persistent has built an offering that takes best-in-class cloud services on AWS and accelerates credit unions' ability to consume them in a way that is compliant and secure with low up-front costs. Consultants can deliver a cloud-based platform of microservices, prebuilt integrations, and accelerators to extend existing IT investments and deliver seamless digital banking experiences.
This offer will enable you to deploy new digital banking capabilities including customer onboarding, digital deposits, loan account opening, and automated credit decisions.
Argentina, Australia, Brazil, Canada, France, Germany, India, Mexico, Netherlands, Singapore, South Africa, Switzerland, United Kingdom, United States
Launch new digital services rapidly
Build new digital capabilities including customer onboarding, loan account opening, and more.
Utilize cutting-edge capabilities to deliver hyper-personalized financial services.
Avoid vendor lock-in
Leverage a composable architecture to avoid vendor lock-in and future-proof your strategy.
Grow revenue with new offerings
Boost revenues via new digital services such as an automated platform for personal loans.
How it works
About this consultant
How it works
PDBCUS enables credit unions to accelerate the adoption of digital technologies in a secure and regulatory-compliant fashion without significant up-front costs. With this offer you can harness the power of disruptive technologies, including cutting-edge capabilities from the financial technology industry. PDBCUS's cloud-based platform enables you to launch new products and services faster that can deliver hyper-personalized digital banking experiences at speed.
With a design-thinking approach, Persistent conducts workshops with project stakeholders to understand business goals, stakeholder expectations, and the existing IT landscape. Consultants then help map the desired user journey, select the best fit technologies, and define the minimum viable product and subsequent phases along with delivering the solution architecture, user stories, and low-level design.
PDBCUS enables credit unions to rapidly build end-to-end digital offerings such as customer onboarding, digital deposits, and loans in under six weeks. The solution provides a composable architecture of pluggable components which are employed to complement existing capabilities. These components work as one using an integration layer with microservices using Amazon API Gateway. This approach enables credit unions to leverage existing IT assets by integrating them with a cloud-based banking platform and microservices on AWS.
Establish the vision, goals, and objectives.
Identify and onboard a digital solution or service.
Configure and integrate with the core banking system.
Customize and integrate with existing IT services.
Deploy the configured solution on AWS.
6) Go live
Document, train employees, and go live.
Access to project stakeholders
Access to project stakeholders and SMEs enables Persistent to map business objectives and relevant use cases.
Persistent will conduct a one-week session to identify business priorities and create a road map.
AWS account access
Customers must provide Persistent consultants with access for the duration of the engagement.
About this consultant
Persistent is a global solutions company delivering digital business acceleration, enterprise modernization, and digital product engineering for financial services institutions around the globe. Persistent has deep financial services experience spanning decades working with many of the largest institutions in the world, as well as small and medium-sized banks and credit unions and innovative financial technology startups. Persistent delivers cutting-edge digital customer experiences through modernization of existing IT systems.
An AWS Partner with Lambda Service Delivery designation, Persistent has achieved the AWS Financial Services, AWS Data & Analytics, AWS SaaS, AWS DevOps, and AWS IoT Competencies. Persistent's practice combines domain knowledge, engineering and technology expertise with hands-on experience on AWS to develop a rich set of cloud-based solutions. As an AWS Partner since 2012, they have continued to deliver innovative cloud services—enabling access to the fast, flexible, and scalable AWS Cloud.
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