What is the Aurora Advantage?
Aurora Advantage represents the next generation in core software solutions for small and mid-sized credit unions. Built entirely on a .NET architecture, and scalable from small to large, Aurora Advantage offers a superior, flexible, and cost-efficient operating platform designed to grow as you grow. Aurora Advantage is available as a hosted solution in the Microsoft Azure Cloud in the Aurora Advantage Data Center or an in-house core solution.
Our complete Aurora Product Suite streamlines the member experience by seamlessly integrating Core, Online Account Opening & Lending, Aurora Digital & Mobile Banking, Voice Banking, and Aurora Document Management & Tracking.
With Aurora Advantage, third-party vendor integration offers the ability to interface and exchange information utilizing a state-of-the-art, open API, allowing credit unions to leverage existing and ongoing technology investments. Aurora Advantage can be used to interface with a wide range of products and services such as debit and credit card management systems, Real-Time Payment Network (RTP), anti money laundering (AML) platforms, CECL (current expected credit losses) solutions, and more.
Core Platform Key Differentiators:
- Customized work flows for new members, new accounts and new loans
- Integrated loan collections
- Account Cross-Sell & Relationship pricing
- Accounts payable and fixed-asset accounting
- Optional risk-based lending and determination
- Fully Integrated GL
- Shared branching
- Online debit card integration
- Open API architecture
- Next-gen online account opening & lending platform
- Personalize the application process based on dynamic responses
- Streamline digital account opening
- Instant cross-sell offers & approvals
- Real-time core onboarding
Account Cross Sell & Relationship Pricing
Account Cross Sell
- Revenue-generating solution to support direct sales initiatives at the member level
- Analyzes & identify cross-sell opportunities
- Accessible, accurate, and timely decision-support using business intelligence
- Enhance members’ benefits and service while strengthening relationships
- Provides insight to individual member relationships
- Member’s loyalty is automatically adjusted based on the criteria you select
- Create personalized offers
Create Custom Workflows based on:
- Risk based lending
- Automated loan decisioning
- Integrated real-time USPS address verification
Fully Integrated GL
Enhance financial management functionality with our Fully Integrated General Ledger.
- Financial statements
- Budget Reporting
- Manage asset depreciation
- Accounts Payable
Debit Card Ordering and Management
Debit Card Ordering and Management offers full service and in-house transaction processing backed by a comprehensive suite of tools:
- Digital payments
- Supports instant card issue
- Integrated with 14 card providers
- Card maintenance with select card providers (reduce dual entry)
Shared Branch Issuer/Acquirer
Enable your members to use a network of credit unions for personal service while bringing more transactions to your institution.
- Issuer enables your members to make transactions throughout a network of credit unions
- Acquirer allows your institution can handle teller-level transactions presented by members of other credit unions.
Multi-Currency is an add-on module that enables credit unions to accept foreign currencies over-the-counter.
- Easily convert foreign currency to the credit union’s base currency
- Post transactions to member accounts
- Post to general ledger accounts
Aurora Connect is a secure connection allowing communication directly to the core database, supporting an open-API architecture.
- Streamlines Member Loan Applications, Online Account Onboarding and Non-member Loan Applications
- Allows 3rd party vendors or the credit union to communicate real-time with core to pull member account information into their application
- Streamline document work flow and reduces physical storage needs
- Simplify compliance and regulatory exam preparation
- Securely encrypt all documents and applies document retention policy
- Comprehensive reporting capabilities and automated report distribution
CSPI’s Aurora Mobile app enhances your competitiveness by enabling your members with the 24/7 mobile first technology they desire.
- Secure, custom-branded mobile app with Multi-Factor Authentication (MFA)
- Schedule internal & external transfers, loan payments, bill payments & P2P
- Remote deposit capture
- Debit card management integration
- Internal messaging & chat integrations
In today’s fast-paced digital society, members demand electronic services at their fingertips.
- Customizable dashboard
- Schedule internal & external transfers or loan payments
- Bill Payment & P2P
- Utilize Budgeting Tools & Real-time Alerts
- Internal messaging & chat integrations
- Website Hosting & Design
Members appreciate the speed, simplicity and anytime-access telephone banking offers for routine inquiries and transactions.
- Securely integrated with Aurora Digital & Mobile Banking
- Branded to CU
- Professionally recorded voices (English & Spanish)
- Account and history inquiry
- Interest information inquiry