Credit Union Service Organization (CUSO) Sailboats Unveiled cloud-native technology designed to support credit union innovation.
New Philera ecosystem It includes CUSO’s cloud-native technology stack, called Stellaris, and its own intelligence layer, called Atmos, Filera said in a press release Tuesday (April 14) emailed to PYMNTS.
This combination combines technology, data, risk and payments, according to the release.
“Velera is incredibly proud of the ecosystem we’ve crafted over the past two years, because it’s not just an ecosystem: it’s an engine.” Dennis StevensVelera’s executive vice president, chief product and technology officer, said in the statement. “Stellaris and Atmos are unlike anything on the market, with the ability to power credit union products and strategies no matter where they are located or what their technology stacks look like today.”
Through continuous processing and curation of real-time data, the Velera ecosystem provides credit unions with faster, connected and embedded onboarding experiences, unified data, real-time intelligence, optical channel risk mitigation and shared components across the connected product world, according to the release.
Additionally, Stellaris enables solutions to be developed once and deployed across products and channels, while Atmos transforms curated data across member touchpoints into actionable insights, business intelligence and risk mitigation in real-time, according to the release.
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Velera President and CEO Chuck Fagan Written in the PYMNTS e-bookOver/Under 2025: Bets that paid off“Credit unions and the organizations they serve have seen over the past five years that change rarely follows a straight line and that adaptability is as important as long-term execution.
“For credit unions, the opportunity lies in navigating these transitions while keeping members at the center,” Fagan wrote. “At Velera, we are focused on delivering faster, safer and more seamless financial experiences by combining insight, emerging technology and strategic partnership – helping credit unions not only respond to change, but shape it.”
In another recent move, Velera said on Thursday (April 9) that she had expanded her business FinTech Participation ProgramTo include FinTech partners who will provide Credit unions Discounted rates, waived fees or other exclusive benefits. The company said that this offer was launched with six financial technology partners and will expand to include more.
