Michigan-based Mahalo Banking introduced a partnership with Indiana-based Solidarity Group Federal Credit score Union (Solidarity CFCU).
The credit score union selected Mahalo’s know-how for its enhanced security measures and talent to combine with its core supplier, Corelation Keystone.
Mahalo Banking received Better of Present in its Finovate debut at FinovateFall 2023 in New York.
Mahalo Banking, which received Better of Present in its Finovate debut at FinovateFall 2023, has teamed up with Solidarity Group Federal Credit score Union (Solidarity CFCU).
Solidarity CFCU, headquartered in Kokomo, Indiana, selected Mahalo’s platform for its enhanced security measures and its skill to readily combine with its core supplier, Corelation Keystone. The credit score union additionally credited the platform’s intuitive design and streamlined processes, which, mixed with Mahalo’s proactive strategy to safety, align effectively with Solidarity CFCU’s dedication to member safety and comfort.
“Our high precedence is to offer members with a safe, user-friendly digital expertise,” Solidarity CFCU CEO Amy Benner mentioned. “Mahalo is on the cutting-edge of safety, and their dedication to staying forward of rising fraud threats makes us assured in our partnership determination. Their neurodiversity assist, with choices like colorblindness views and left- and right-hand modes, outshines different suppliers when it comes to accessibility. We’re thrilled about this new chapter and the optimistic impression it should convey to our members.”
With regard to safety, Mahalo’s platform leverages Credential Assurance Expertise (C.A.T.) to guard credit score union information from fraud and to reinforce general digital safety. The corporate’s Considerate Banking know-how delivers quite a lot of neurodiverse options to make sure a constant, accessible expertise for all members. Mahalo’s platform gives simplified account and mortgage opening functionalities, which the credit score union believes will assist it compete with digital-first challengers for youthful clients. The platform additionally helps charitable giving, with an choice to allow members to make charitable contributions at any time immediately via the platform.
However, the challenges of combating fraud remained on the high of the record as Mahalo Banking COO Denny Howell defined. “With rising fraud incidents throughout the trade, sustaining sturdy safety measures is important to safeguarding member accounts and information,” Howell mentioned. “Our crew is devoted to delivering a best-in-class platform that not solely meets right this moment’s safety wants but in addition anticipates future challenges to make sure our credit score union companions like Solidarity CFCU can safeguard towards rising threats and supply peace of thoughts for its members.”
Solidarity CFCU is just one of a handful of credit score unions Mahalo Banking has partnered with in latest weeks. In November, the fintech teamed up with 4 Factors FCU to improve the Omaha, Nebraska-based credit score union’s digital capabilities and improve member self-service. Mahalo additionally final month introduced a partnership with Glendale Space Faculties Credit score Union to assist progress and enhance the member expertise for the California-based monetary establishment. Just some weeks in the past, Mahalo reported that each Colorado-based Rocky Mountain Credit score Union and UnitedOne Credit score Union of Wisconsin had gone reside on Mahalo’s enhanced Considerate Banking platform.
“Working with the Mahalo crew is a real partnership,” Rocky Mountain Credit score Union SVP Erin Johnston mentioned. “The enhancements introduced on by the newest model have been appreciated by our workers and membership. Lots of the modifications had been requested for by their shoppers and their membership base, making the transition a welcome replace.”
Based in 2018, Mahalo Banking is headquartered in Troy, Michigan. Jim Stickley is CEO.
Picture by Anon
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