25 May 2018

VSoft unveils core processing system for credit unions

26 April 2011  |  2760 views  |  0 Source: VSoft

VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that its core processing solution, CoreSoft, is available to credit union customers.

UCF Federal Credit Union selected CoreSoft to improve efficiency and enable a more customized, member-centric approach to its service.

CoreSoft allows financial institutions to replace legacy systems with technology that delivers seamless, real-time, high-volume and high-performance transactions across multiple channels. Its open platform offers a unique, universal design to enhance workflow and flexibility. UCF FCU, a non-profit, member-owned institution that serves more than 4,000 members of the University of Central Florida community, selected CoreSoft to increase its front and back end efficiencies. Built on a powerful, centralized relational database, the solution provides UCF FCU additional capabilities to offer exceptional member service.

"Our number one priority is to exceed member expectations, and implementing CoreSoft enables us to drastically improve productivity and add creative, robust products and services that directly benefit our members," said Mike Murray, president of UCF FCU. "We are committed to meeting the needs of a diverse membership, ranging from technology-savvy college students to professors and alumni that travel worldwide. After an in-depth and thorough assessment, our team determined that VSoft's CoreSoft solution was the best fit for our future. It was a very collaborative effort and the team vote was unanimous."

CoreSoft is available as an in-house, outsourced or cloud solution. UCF FCU will leverage the outsourced environment provided by VSoft's data center, located in Davenport, IA. In addition to CoreSoft, UCF FCU will implement VSoft's full suite of remote deposit capture solutions, including mobile capture, as well as item processing and imaging products. Additionally, VSoft's digital dashboard enables UCF FCU to easily monitor a wide range of parameters, real-time in a dashboard format.

"Bank customers have experienced great success with CoreSoft and we anticipate equal benefits for our credit union customers. UCF FCU is a distinguished, well-established credit union dedicated to advancing internal operations and providing the most progressive services to its members," said Murthy Veeraghanta, chairman and CEO, VSoft Corporation. "The credit union is celebrating its 40th anniversary this year, and with CoreSoft and our imaging solutions, it is well positioned to succeed for many more decades."

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