26 October 2016
Visit dh.com

Former Wescom CIO launches credit union tech consulting group

25 March 2014  |  717 views  |  0 Source: BIG

Former Wescom Resources Group Senior Vice President and Chief Technology Officer John Best has launched a new technology consulting firm for credit unions called BIG (Best Innovation Group).

BIG helps discover the most innovative technologies that can be applied to the appropriate credit union channel to "unlock the ultimate member experience." BIG also helps create unique business partnerships with up-and-coming companies that will be leaders in these new spaces, while attracting top talent to be the next generation of technology professionals at their member credit unions. Two companies BIG has already partnered with include start-up CU Wallet and Wescom Credit Union's established CUSO Wescom Resources Group.

CU Wallet, for instance, is BIG's first partner representing the cutting edge of payments. BIG will leverage its 20 years of experience in credit union core platforms, as well as an extensive background in mobile, to be the payment start-up's technology arm. BIG will use its financial technology experience to quickly move CU Wallet from vision to reality.

"Essentially, our mission is to help credit unions deliver future technologies like CU Wallet and WRG's offerings to their memberships," Best states. "Applying new technologies is crucial for this industry to remain relevant with today's - and tomorrow's - consumer who expect the latest financial services. We're here to help expedite that adoption process.

"The reason for BIG: In the last 10 years, the credit union trend has been, at best, fast followers or, at worst, slow adopters with new technology," Best explains. "Large banks have led the way in R&D and new features due to their vast resources. It is time to change this trend in our industry with a collective and cooperative effort."

Ultimately, Best will work with his credit union partners and companies that want to push the financial technology envelope. "We will help our partner credit unions create the ultimate member and staff experience at their organizations by cooperatively spreading innovation costs among our partners," he adds. "Innovations come in all shapes and sizes and there is a tremendous opportunity for credit unions to outperform banks in the innovation space thanks to the their size and scale, as credit unions are far more nimble than banks."

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit www.dh.comFind out more

Who is commenting?

A Finextra member Finextra Member Commented on: Robo-advisors not read...
A Finextra member Finextra Member Commented on: Why are we more intere...

Top topics

Most viewed Most shared
Visa treads on Swift's toes with blockchain pilot for high value paymentsVisa treads on Swift's toes with blockchai...
8969 views comments | 33 tweets | 38 linkedin
Monzo raises £4.8mMonzo raises £4.8m
8754 views comments
CBA and Wells Fargo combine blockchain and IoT to revolutionise trade financeCBA and Wells Fargo combine blockchain and...
8274 views comments | 26 tweets | 28 linkedin
Visa tells Europe to be ready for 3-D Secure 2.0 by April 2018Visa tells Europe to be ready for 3-D Secu...
8072 views comments | 12 tweets | 27 linkedin
Facebook Messenger adds PayPal support for bot paymentsFacebook Messenger adds PayPal support for...
7439 views comments | 26 tweets | 22 linkedin

Featured job

to Six-Figure Base, Commission, Benefits
London, UK

Find your next job