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“It is great to hear the launch of an API Gateway by Wellington IT. Wellington have long embraced working with partners and third party integration, but an official API Gateway will supercharge Credit Unions using the Scion platform”.
Thank you
Thank you for visiting us at CUMA Autumn 2024! I hope you find this resources page useful and informative.
If you have any questions about Wellington IT, our products/services, or our partnerships, please do not hesitate to contact me at ian.glenn@well-it.com
Meet the team
CEO
Ian Glenn
Sales Manager
Kevin Lillis
Business Development Manager
Elliot O'Neill
Business Devlopment Manager
Claire Buckley
Captivate the Next Generation of Credit Union Members with Revolving Credit
For Credit Unions, Digital Transformation means embracing technologies that enhance convenience, security, and user experience. Revolving Credit is a natural fit for this transformation, offering flexibility and ease of access that aligns with Gen Z’s expectations.
Revolving Credit offers more flexibility to your members and reduces administrative burden for your staff
Check out our blog post
What is the value of Revolving Credit?
Reduced paperwork for the Credit Union
As only one, larger loan is issued, this reduces the amount of paperwork required.
Better flexibility for the member in borrowing
Your members can access funds as they need them, without having to go through the loan application process more than once.
Interest charged on a smaller loan amount
Your members are only charged interest on the portion of the loan that has been issued.
Self-service online loan product
Once the loan has been created your members can access the loan immediately from their online banking or mobile app.
Cost savings
Only one credit check is performed for your member, no matter how many times they draw down their loan, saving your Credit Union money and providing a positive experience for your member.
SEPA Instant Payments
A game-changer for the Irish banking landscape. This EU driven initiative mandates that Irish Payment Service Providers (PSPs) offer the ability for consumers to receive and send a credit transfer within x10 seconds. PSP compliance dates differ between receiving (January 2025) and sending (October 2025) CTs in this way. The value add to the consumer to clear, however the risks and educational awareness requirements are significant. An efficient, scalable data centre environment and continuous engagement with the many stakeholders will see this project successfully delivered.
Feel free to contact our Compliance & Data Protection Officer, Ben Roy, if you have any questions about SEPA Instant Payments. ben.roy@well-it.com
Learn more about ComplianceIntroducing Wellington IT’s API Gateway
At Wellington IT, we firmly believe in supporting our customers’ growth agendas by building a scalable Credit Union ecosystem. This is achieved by partnering with like-minded organisations that share our vision and passion for the sector, and by leveraging technology and infrastructure that enable and support scalable systems integration.
While Wellington IT has always embraced an open integration approach, we have recently focused on developing and implementing a standardised method for the technical delivery of future integrations. This open and standardised approach is essential for supporting our Credit Unions as they build out their strategies, offering them flexibility and choice within the wider ecosystem.
The API Gateway delivers business process microservices, allowing the Wellington IT core system functionality to be extended through APIs to integrate with third-party systems. At launch, it will support a range of integration capabilities, including:
- Member Onboarding & Share Account Creation
- Member Consent Update
- Document Upload
- Loan Applications
- View Member Details
- And many more
Michael Byrne
CEO, Core Credit Union
Private Cloud Offering
Wellington IT’s Private Cloud Service, is designed to empower your Credit Union with a secure, high-performance, and resilient infrastructure tailored to your unique needs. Our cloud offering leverages cutting-edge technologies and industry-leading practices to deliver a robust platform that ensures the integrity, availability, and scalability of your critical applications and data.
Learn more about the Cloud