OCC slaps Symitar provider with an enforcement order regarding its disaster recovery and business continuity processes.
The $253 million Virginia-based credit union will convert to Symitar's Episys after running on Fiserv's DataSafe for more than 20 years.
UltraData loses two and CU*Answers gains two clients in this core conversion wrap-up.
Core processors are helping credit unions streamline operations with new apps and products.
Fiserv and Symitar dominate core processing for credit unions. Data from Callahan & Associates show just how much.
Fiserv and Symitar dominate the credit union core processing business above and below the $1 billion mark.
Responding to credit union client requests, core processors are launching apps and products for small credit unions that are streamlining operations.
Three more credit unions are now running on the Symitar Episys core processing platform through Member Driven Technologies’ data centers in Warren and Southfield, Mich.
Symitar said it will be converting the $886 million Andrews Federal Credit Union in Suitland, Md., to its core processing platform.
More than 100 of Symitar’s 750 or so credit union clients are now processing on hosted versions of its Episys and Cruise platforms through the core processor’s OutLink Data Center operation, the company said.