From Fiserv Portico to Sharetec for small Indiana credit union.
Canadian firm paid $1.2 billion for Harland Financial Solutions, including the UltraData core processing platform.
Celent reports that outdated systems and languages may drive increase in core processing replacements.
With an agreement to acquire Harland Financial Services, Toronto's Davis + Henderson, aka D + H, has transformed itself into a player in the U.S. financial services scene.
Company is signaling growth over cuts.
Harland Clarke sells UltraData, LaserPro and MortgageBot, among others, to Canadian company for $1.2 billion.
Do you want to know a secret? Roughly three in 10 small credit unions do not maintain their core systems in-house, instead using “hosted” or “service bureau” solutions where the core is in fact maintained off-premises by a third-party vendor.
This preview from next week's print edition continues tech writer Robert McGarvey's look at the changing core processing industry for credit unions.
Fiserv and Symitar dominate the discussions around credit union core systems, but many smaller providers are nipping at the heels of the core giants.
This second part of a two-part series on core processor competition is a preview from next week's print edition of Credit Union Times.