Small Core Providers Pile On Plug-Ins
Fiserv and Symitar dominate the discussions around credit union core systems, but many smaller providers are nipping at the heels of the core giants.
Part 1 of this series detailed the players in the field. (See Credit Union Times, June 12, page 1). Here, part 2, looks at how the niche players are positioning their offerings.
UltraData, Miser, Mercury–these are well-proven cores. That is not the so at Corelation. There, the question on prospects’ minds is, Is it really going to work? That, said Theresa Benavidez, was the constant refrain from prospects in the early months of Corelation, the San Diego-based developer of one of the industry’s few truly new core systems.
Benavidez serves as president of the company and, she said, Corelation now has 14 credit unions under contract. “Credit unions come to us because they want a core provider where they are heard. They don’t want to be told which add on modules they need to buy. They want their credit union to be important.”