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.
Open Solutions Inc. said more than 900 applications have now been downloaded from its DNAapp store since the service launched in May 2011.
A new consultancy from the $3.5 billion Redstone Federal Credit Union in Huntsville, Ala., will focus on taking in-house technology developments to the greater marketplace.
First core system add on apps handle branch member communications and mobile signup at Alabama credit union.
One thing is unavoidable for all credit unions – consumer behavior continues to shift toward virtual service channels.
WASHINGTON — The credit union/bank clash over member business lending may be overshadowing some inter-industry tech collaboration, a tech firm says.