During the information technology budgeting process, experts say expensive mistakes include cutting corners on security, splurging on ineffective new tech tools and not aligning future technology investments with existing strategy.
Building a better IT budget is a bit like designing a better mousetrap.
It was late January when the Brookfield, Wis.-based Fiserv rocked the core system universe, announcing it had acquired competitor and DNA core architect Open Solutions for roughly $1 billion, much of that in debt assumption.
Shake up continues at high end of credit union core processing market.
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.
Last week, 700,000 Department of Defense civilian employees began taking once-a-week furlough days that will cut their pay by roughly 15%. How will the temporary pay cuts affect credit unions?
Two percent of FCUs are military-based but they represent 21% of FCU assets and may feel the pinch of federal furloughs.
Operation begun as credit union-focused Digital Insight in 1995 now gets third owner.
Somebody is winning. Somebody is losing. Just don’t expect an easy to decipher who will win the battle in this update on the credit union core systems war.