Former Open Solutions head man gets top job at major provider of video and audio technology.
Big banking tech companies recently have been hungrily gobbling up smaller companies and the question is, Will this consolidation continue? The other question, Is this good, or bad, for credit unions?
Product strategy veteran jumping from one Connecticut firm to another after Fiserv takeover.
Financial services technology provider reports $4.2 billion in 2012 revenue, additions to mobile banking, bill pay client lists.
The announcement last month by Fiserv that it would acquire Open Solutions Inc. for roughly $1 billion, most of that in debt assumption, has sent some shivers through the credit union core processing world.
While Fiserv Inc.’s purchase of Open Solutions Inc. marked the end of an era, it also sparked conversation about how the financial services technology giant will handle the addition of another handful of core account processing platforms to its portfolio.
Market consolidation of core processing companies is not a good thing for credit unions.
Get an in-depth look at the Fiserv takeover of Open Solutions in this preview from next week's print edition.
Reaction varied to the news that the Wisconsin-based financial services technology giant had scooped up its debt-ridden former rival.
Jeffrey Yabuki sees combining of flagship platforms and addition of new products as pluses.