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Core Systems Shift to Open Architectures

The evolution of core processing since 1990 is marked by the emergence of self-service channels.

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The emergence of self-service channels, such as the web and mobile banking, as well as transformative technologies like big data, electronic payments and remote deposit, have led the evolution of core processing since 1990.

One essential element of the progression, particularly for credit unions, was a shift from closed core systems to open architectures.

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Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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