COCC said it added eight core processing clients in 2011 andincreased its revenue by 6% to a new record.
|The Avon, Conn., firm is client owned and provides coreprocessing and other services to community financial institutionsthrough a hosted environment based on an Oracle relationaldatabase-powered system from Open Solutions Inc.
|COCC said it currently has 170 clients overall, including 39credit unions, with 142 of them, including 28 credit unions,running their core processing there.
|The company said new products and service initiatives areplanned in 2012, building on 2011 advancements that included thelaunch of INSIGHT Apps, which allows COCC clients to bypass large-scalesoftware releases by downloading individual apps to enhance theircore systems.
|“The app approach to delivering solutions is simply unavailableto financial institutions that use older generation core processingplatforms,” said COCC President/CEO Richard Leone.
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