Credit unions share which core processor they chose and why.
As many as 60 competitive core conversions are up for grabs this year.
Fiserv pushes back against Symitar claims of market share momentum.
After adding 44 new clients in the last year, Symitar says it has more $50M and up credit union clients than Fiserv.
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.
Sea change in financial services delivery has left some in the wake and others riding high, Arizona consultancy says.
Do you want to know a secret? Roughly three in 10 small credit unions do not maintain their core systems in-house, instead using “hosted” or “service bureau” solutions where the core is in fact maintained off-premises by a third-party vendor.
This preview from next week's print edition continues tech writer Robert McGarvey's look at the changing core processing industry for credit unions.
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.