Stanford Federal Credit Union is replacing its 12-year-old core processing system from Open Solutions Inc. with the company’s flagship DNA solution, the company and credit union said.
Palo Alto credit union stays with Open Solutions, upgrading core platform from 1999 and adding several new solutions.
Twin Cities CU chooses new core, 15 ancillary solutions.
San Diego-area credit union one of three signees so far for startup from former Symitar executives.
Core processing systems have been the backbone of the credit union transactional system since the days before share draft accounts became simply known as checking. But with functionality broadening to include credit and debit cards, online fund transfers and now mobile and even person-to-person, is core processing simply a commodity, a...