Corporate One Assists Shared Branching InBolivia

December 16, 2005, 1:00 a.m. EST 1 Min Read

COLUMBUS, Ohio - (12/16/05) Corporate One FCU is reporting that ithas developed, tested and installed a software system now beingused by credit unions in Bolivia as the foundation for a sharedbranching network. Ohios credit unions have partnered withBolivias credit unions as part of a estimated the cost ofdeveloping solution at $45,000, which it is donating. Corporate Oneand WOCCU recently signed an agreement giving the globalorganization ownership rights to the software system, calledServiRed in Bolivia, meaning "service network." Future developmentsin the software could also become property of WOCCU under theagreement.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Small business banking

Mass. community banker explains how to win small-biz segment

Brian McEvoy, chief retail banking officer at Webster Five in Central Massachusetts, says community banks are in a unique position to serve more small businesses. He was a speaker Tuesday at American Banker's 2025 Small Business Banking conference.

By Allissa Kline

2h ago
Digital Assets

BNY provides BaaS infrastructure to WisdomTree

The global financial services company is providing BaaS infrastructure to the digital asset branch of investment platform WisdomTree.

By Melinda Huspen

2h ago
M&A

Ohio community bank makes deal to top $10B, enter Tennessee

Park National Corp's $317 million, all-stock deal for First Citizens Bancshares would give the buyer a presence in markets that are expected to grow faster than its legacy Ohio footprint.

By John Reosti

2h ago
Regulating Crypto

Crypto banks guardedly hopeful about 'skinny' master accounts

Anchorage Digital Bank, Custodia Bank and Erebor Bank could be among the first recipients of limited, special-purpose payment accounts recently floated by Federal Reserve Gov. Christopher Waller.

By Penny Crosman

3h ago
SoFi

SoFi targets bank deposits with consumer-facing AI

The challenger bank in the third quarter launched Cash Coach, an AI-powered customer insights engine that helps consumers optimize earned interest in deposit accounts and minimize interest charges on credit cards. SoFi plans to roll out a "more comprehensive" SoFi Coach that incorporates all areas of financial services as part of its strategy to rival banks.

By Joey Pizzolato

3h ago
M&A

Why FirstSun is again trying to buy an 'unloved' bank

FirstSun Capital Bancorp plans to buy First Foundation in an effort to accelerate its Southern California growth. The $785 million transaction follows FirstSun's failed takeover of Seattle-based HomeStreet.

By Catherine Leffert

4h ago