Core processor sold to financial services giant for $55 million in cash and $960 million in acquired debt.
Many smaller financial institutions have become increasingly disconnected from the way people live today because they continue to operate on outdated technology that hasn’t kept pace with what consumers need.
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.
For credit union executives planning a core banking system conversion, feelings of fear and stress are common. Throw another factor into the mix, like a merger, and the conversion process becomes that much more overwhelming and complex.
Northern Credit Union in Sault Ste. Marie, Ontario, has joined the 46 other organizations certified to create custom core extensions for Open Solutions Inc.’s DNA platforms.
More than 900 applications have now been downloaded from Open Solutions Inc.’s software application store since the service launched in May 2011, the company said.
Open Solutions Inc. said more than 900 applications have now been downloaded from its DNAapp store since the service launched in May 2011.
In the first month, the core processor said, there have been 506 users, 1,666 downloads, 42 reviews and 53 solutions published.
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