The $573M California credit union switching to Symitar's Epsys core system from Fiserv's Acumen.
California credit union had signed for the Acumen platform before Fiserv left that core behind after Open Solutions buy.
Four credit unions with combined assets of nearly $1B will convert to the account processing platform.
Two big acquisitions topped the news in the core processing for credit unions arena.
Fiserv gets Open Solutions, Canadian firm gets Harland and UltraData.
Burlington credit union takes two years then seals the deal as Open Solutions moves over to Fiserv.
Two former Acumen commitments, one new Fiserv account processing customer among seven credit unions mentioned in Fiserv announcement.
Credit union core systems are old, truly antique in computer terms, but they also seem to be immortal in most institutions.
Core processing systems can often do more than they're typically used for, but less than what's needed.
Big banking tech companies recently have been hungrily gobbling up smaller companies and the question is, Will this consolidation continue? The other question, Is this good, or bad, for credit unions?