The Independent Community Bankers of America announced last week a partnership with Compushare towards the launch of ICBA Strategic Technology Solutions, which will use Compushare’s C3 platform to provide community institutions with a fully hosted cloud computing solution.
“The decision to expand ICBA’s Preferred Service Provider relationship with Compushare was easy because of feedback from our community bank members,” Dan Clancy, the executive vice president and director of strategic alliances for the ICBA, said. “Our members are looking to adopt solutions that will allow them to keep pace with changing standards while maintaining the data security and reliability required by financial institutions. Since the beginning of our PSP alliance, which exceeded our initial expectations, we have seen the significant adoption of cloud computing by community banks. We look forward to demonstrating the value of cloud computing to all of our members.”
Compushare’s C3 platform allows community banks to move their applications to a secure cloud environment, which will reduce costs associated with maintaining local infrastructure. It also offers a library of banking and business applications, which are available securely through any internet connection.
“ICBA is pleased to offer this valuable strategic alliance to our members so that they can easily move to the cloud and thereby ensure resiliency and compliance in a cost-effective manner,” ICBA Consolidated Holdings Chairman Cindy Blankenship said. “Compushare’s Cloud Computing platform enables banks to access data and legacy financial applications securely online for round-the-clock availability on any device, while also achieving significant operational efficiencies, such as ease of adding or modifying user access, performing software upgrades and managing granular access controls around access to critical data.”