CULedger has partnered with Best Innovation Group and Connect Financial Software Solutions to bring distributed ledger technology to the voice banking market.
Through the partnership BIG will now implement its FIVE voice banking platform through CULedger’s MyCUID digital credential solution.
The new solution will allow credit union members to to authenticate their voice banking transactions through a DLT-based self-sovereign identity platform.
ConnectFSS’ clients will have access to the new solution first and will be able create, store and manage identity information in the MyCUID solution.
That data can then be referenced by any service at the credit union that needs to authenticate them and controlled entirely by the members.
Denver-based CULedger is a cross-border distributed ledger platform to support credit unions in sharing innovative applications. Established through a national consortium of credit unions and industry investors, it has created a self-sovereign digital identity which can foster trust between organisations and their members
“CULedger, Connect FSS and Best Innovation Group have partnered to provide a revolutionary new security solution to the voice banking channel,” said CULedger president and CEO, John Ainsworth.
“Through our partnership, FIVE’s users are among the first to leverage CULedger’s member-owned, self-sovereign identity capabilities.”
Earlier this year, CULedger raised $10m in a Series A funding round, from backers such as Achieva Credit Union, ICUL Services Corp, Credit Union Services, OneAZ Credit Union, and UNIFY Financial Credit Union.
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