Report details three key areas the bureau must improve.
A newly rewritten core processing platform is now in place at all the credit unions that had been using the DNAsme (small market edition) solution from Open Solutions Inc., the company said.
Open Solutions Inc. said it has completed migrating all the credit unions using its DNAsme (small market edition) core processing platform to the Glastonbury, Conn., company's new CUnify solution.
Financial institutions across the world will be spending $132 billion on retail banking technology five years from now, an increase of 24% from current levels, according to Ovum.
The need to raise revenue and consumer trust while managing risk and complying with a growing regulatory burden will help spark global growth in retail banking spend in the next few years.