The brand new app permits credit score union members to avail of digital options together with on-line cash transfers and loan purposes.
Wellington IT is launching a brand new full-service credit score union app, which goals to assist credit score union members in Eire handle their accounts on-line.
Belfast-based Wellington IT, which offers software program to the credit score union sector in Eire, stated that the brand new app is the end result of a multi-year funding programme and it has been designed to permit Eire’s 3.6m credit score union members to simply handle their funds on the go.
The CuMobile app was constructed particularly to help the credit score union sector because it goals to tackle conventional banks and fintech firms. The app makes use of options corresponding to biometric login by way of facial recognition or fingerprint to offer a easy and safe expertise for members.
Conor Ralph, advertising officer at Dublin’s Member First Credit score Union, instructed Siliconrepublic.com: “Our new mobile app is a massive step forward for the digital experience we provide to our members. It gives members a user-friendly way to do everything you would expect from a banking app on your phone, including fund transfers, statement downloads and even full loan applications.”
The aim of the app
Wellington IT’s new CuMobile app permits customers to entry each credit score union service absolutely and securely, lowering paperwork, knowledge entry and administrative duties for employees within the greater than 200 credit score unions throughout Eire.
Based on the corporate, in-branch loan purposes are diminished from 20 minutes to roughly 5 minutes with the app, permitting credit score unions to broaden their loan books. The brand new app makes use of ID verification know-how to permit new members to affix inside a day.
Declan Colfer, managing director at Wellington IT, stated: “There was an enormous push from the credit score union sector in recent times to compete straight with banks and fintech firms. On the similar time, customers are demanding merchandise that supply effectivity and comfort, with Covid-19 additional growing the demand for on-line providers.
“As a result, the credit union sector is digitising at a rapid pace and CuMobile is a significant facilitator of this. By enabling credit unions to offer members access to their full range of services – such as managing payees, applying for a loan and setting up direct debits – via one app, CuMobile streamlines banking and gives participating credit unions a huge competitive advantage.”