Black Dragon Capital℠ ("Black Dragon") — a multi-phased global investment partner which focuses on advanced technology that addresses the most significant issues industries face — has invested in two financial solutions that can help credit unions drive innovation and eliminate obsolete infrastructure: Open Banking Solutions and PayOnward.

The newly formed credit union limited partner advisory board has approved an investment by Black Dragon into two companies addressing the critical needs of the credit union and community based financial institution market.  For too long, we believe that credit unions and other community based financial institutions were limited in their ability to execute their strategy due to outdated, inflexible and costly vendors that seem more interested in punitive contract terms, and a divisive relationship than success for credit unions.  There have also seen several new entrants with little experience in enterprise processing or payments that have delivered failed conversions, severe reputational damage and event fines against well meaning institutions.  These two investments are intended to put an end to this and put credit unions on their rightful path of collaboration, and success with partners who are experienced in delivering success in these critical areas.