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More than 500 people have begun using a new collaborative marketplace for customized add-ons to the Symitar Episys core processing platform in its first month, Symitar said.
In the first month, the core processor said, there have been 506 users, 1,666 downloads, 42 reviews and 53 solutions published.
Matt Gerber said he’s gotten a lot of calls lately from credit unions with an immediate need they haven’t had before. The examiners are coming and his clients need to prove they have their heads in the clouds.
Twenty-eight new credit union core processing clients were signed by the Symitar division of Jack Henry & Associates in the fiscal year that ended June 30, the Monett, Mo., company said.
Symitar is launching its own collaborative marketplace for credit unions to develop, share and sell their add-ons to the Episys core processing platform.
Jack Henry & Associates division says new signees split evenly between in-house, outsourced deployments.
PowerOn Marketplace is named after the customization tool the core processor offers credit unions to allow them to develop custom applications.
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.
Third-party integration and increased efficiencies were cited in the decision by the $1.8 billion Summit Credit Union in Madison, Wis., to convert to the Symitar core processing platform from Jack Henry & Associates, the company and credit union said.