In the payments arena, in particular, the impact of the digital age is profound.
This Opinion piece looks at changes and challenges in mobile banking and payments.
California credit union had signed for the Acumen platform before Fiserv left that core behind after Open Solutions buy.
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.
Big Wisconsin credit union stays in 20-year core processing relationship with Fiserv, adds solutions.
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.
The announcement last month by Fiserv that it would acquire Open Solutions Inc. for roughly $1 billion, most of that in debt assumption, has sent some shivers through the credit union core processing world.
Opportunity to build enduring relationships by leveraging the mobile channel is within reach. But credit unions must act now, before their members direct their payments elsewhere.
The Credit Union Association of New York will be holding its first Economic Forum Nov. 1-2 in Albany, N.Y., at the Desmond Hotel & Conference Center. The event, which is open to attendees from multiple states, aims to provide credit union leaders with information on business strategy, economics and investing.