X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MALVERN, Pa. – It may have been worlds away, but it’s still significant for the future of core banking – that is Linux’s future. Sanchez Computer Associates Inc. announced the first deployment of a core processing system for a banking institution on the Linux operating system. First Mortgage KFT of Hungary is using the Sanchez Profile core processing system, the Profile for Windows customer servicing platform, and the Sanchez FMS accounting system. “The open source power of Linux has the potential to enable banking institutions, such as First Mortgage, to gain significant system operating advantages, including cost savings, performance, and a new level of flexibility,” said Michael Haney, senior analyst, Celent Communications, a Boston-based research and advisory firm. “Sanchez is showing significant market leadership by demonstrating that Linux, once thought only suitable for edge services, can indeed be used to successfully deploy business-critical core transaction processing systems.” First Mortgage is an independent subsidiary of EuroDirekt National Savings, Hungary’s first online discount savings association.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.