Intelligent CIO North America Issue 3 - Page 58

CASE STUDY

CREDIT UNIONS WERE AMAZED THAT WE COULD TAILOR THE PPP APPLICATION TO THEIR GUIDELINES INSIDE TWO HOURS .

that help Corporate One stay relevant in a fast-changing financial market . OutSystems is an ‘ overnight success ’ 20 years in the making that ’ s enabling a new class of developers to do their best work : building serious applications that have real business impact . OutSystems simplifies the complexity of developing applications and makes it possible to build faster , and better , than with writing code manually , from scratch .
A crucial capability that OutSystems provided Corporate One with was to accommodate subsidiary companies within the same environment . This meant the central IT team at Corporate One could govern one environment , but partition it for multiple initiatives . Horlacher explains : “ Our central IT team provides the oversight , then we have development teams spread around the wider organization .”
Those app dev teams include a central team focused on the digital experiences needed for credit unions to interact with Corporate One , and teams in two wholly-owned subsidiaries ; Sherpa Technologies and Lucro Commercial Solutions .
For example , OutSystems worked closely with Lucro Commercial Solutions , Corporate One ’ s specialized Credit Union Service Organization helping credit unions maximize their returns from business lending , at a pivotal time . In 2019 , Lucro ’ s digital lending strategy was thrown into turmoil when a competitor acquired its Fintech partner .
Suddenly it needed a new technology solution , and the question was – should they build or buy ? Lucro chose to build its own digital lending platform and was able to leverage Corporate One ’ s know-how and the OutSystems development environment to accelerate development massively .
In just 15 weeks , working with OutSystems partner Truewind , Lucro was able to escape its burning platform and create an ultraconfigurable business lending platform – The Digital Business Lending Center – which already services 28 credit unions .
Looking head
COVID-19 has been a massive test for Corporate One ’ s agile IT strategy with
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