February 6, 2018
Constellation Launches First Product Implementation of the Open Development Platform
RALEIGH, N.C. – Feb. 6, 2018 –– Constellation Digital Partners, LLC is delighted to announce the release of Aquarius, its first production implementation of the open development platform for digital banking since the the credit union service organization (CUSO) launched in May 2017. The company hit a new milestone with the official release of the software, which is now live through Amazon Web Services. The release also marks one of the first online and mobile banking platforms built exclusively on Amazon Web Services.
Constellation Founder and CEO Kristopher Kovacs realized there was a fundamental problem in modern digital financial services. Despite a recent boom of potential financial technology partners, credit unions have not been able to access them because of the legacy structure of credit union relationships with current banking providers. The creation of Constellation was the result of a three-year long research and development effort.
Today, the company is announcing the launch of the first implementation of its cloud-based financial services platform that will allow credit unions and members to choose which services to use inside of a secure banking experience. The platform enables a new service-based economy where developers can create tiles or services and then credit unions can seek out and select those services within the marketplace.
“By utilizing Amazon Web Services, we have a degree of scalability and extendibility that other legacy providers simply cannot match, such as the potential to react to increases in traffic, new clients and new opportunities,” said Kovacs. “We chose to name this first release after the constellation Aquarius. Astrologically, the Aquarius constellation is the water bearer and water represents the ‘bringer and sustainer of life’, which echoes the theme of what we’re announcing. Constellation is alive and real.”
Two additional software releases are scheduled to take place this year. Going forward, every subsequent software release will extend the services of the Constellation platform and include new capabilities, features and functions to financial technology developers, credit unions and members.
Additionally, Constellation is proud to announce the launch of its new website that includes key features such as a blog where interested credit unions and fintechs can get the latest updates on the company, platform and partners.
About Constellation Digital Partners, LLC:
Constellation is developing a patented, secure and flexible cloud-based marketplace that enables upper to mid-tier credit unions and innovative app developers to provide safe, reliable, and next-generation digital financial service experiences while giving the freedom to compete, innovate, and thrive in the financial services industry. Constellation will redefine what credit unions offer, delivering digital financial services in a way that enables them to place members at the center of their business strategy. Visit www.constellation.coop to learn more.