COCC Partners with ZSuite Tech to Offer Innovative Escrow Solutions to Community Banks & Credit Unions

SOUTHINGTON, Conn. (October 23, 2024) - COCC is thrilled to announce a strategic partnership with ZSuite Technologies, Inc., introducing advanced digital escrow and sub-accounting solutions to community banks and credit unions. This collaboration aims to simplify the management of complex financial accounts, enhance customer experiences, and improve overall operations.

ZSuite’s products, ZEscrow and ZRent, automate the management of multi-use escrow subaccounts and streamline recurring payment collections, such as rent and condominium fees. By focusing on sectors like real estate, legal, and property management, ZSuite helps community banks and credit unions ensure compliance and deliver superior service to their business clients. These digital solutions become imperative to addressing the growing market demands for more automation and transparency in financial management, allowing institutions to offer:

• Efficient Escrow Management: ZEscrow automates the creation and management of sub-accounts, reducing manual errors and saving time for institutions that manage escrow for industries like property management,1031 exchanges, and legal.
• Automated Rent Collection: ZRent streamlines rent and condo fee payments, eliminating manual processes, ensuring timely payments, and improving cash flow for property managers and landlords.
• Competitive Edge: By delivering specialized tools like ZEscrow and ZRent, COCC’s clients can attract and retain business customers, providing services tailored to their specific needs and standing out in a competitive market.

“We’re excited to partner with ZSuite Technologies,” said Dave Frauenhofer, Senior Vice President of Product Management at COCC. “This collaboration empowers our community banks and credit unions with innovative solutions that streamline complex processes like escrow management and rent collection. ZSuite will enable our clients to focus more on building strong relationships with their customers, ultimately helping them grow and succeed.”

This partnership reflects COCC’s commitment to deliver innovative solutions that empower financial institutions to thrive in an increasingly digital world. By leveraging ZSuite’s escrow and subaccountant solution COCC is ensuring that its clients have the tools they need to grow their businesses and provide exceptional service to their customers.

About ZSuite Technologies
ZSuite Tech is a financial technology company that powers financial institutions with digital escrow products for specific commercial verticals. ZSuite's products, ZRent and ZEscrow, streamline recurring payment collection and automate the management and compliance of three-party escrow subaccounts. For more information, visit www.zsuitetech.com.

About COCC
As an industry-leading fintech provider, COCC delivers innovative, comprehensive technology solutions and strategic partnerships with an unparalleled focus on service. Offering a robust, feature-rich suite of modern, standards-based core and digital banking solutions, COCC’s cutting-edge systems are designed with intuitive user interfaces and are fortified by advanced APIs which seamlessly facilitate leading fintech integrations. Consistently ready to adopt and embrace emerging technologies, COCC remains agile and forward-thinking, meeting the demands of a rapidly evolving financial landscape where live real-time functionality matters. COCC is forever dedicated to assisting community banks and credit unions with remaining strong and competitive by providing the technology, support, and expertise needed to succeed. To learn more, visit www.cocc.com.