Core processors are helping credit unions streamline operations with new apps and products.
Fiserv and Symitar dominate the credit union core processing business above and below the $1 billion mark.
Build a better mousetrap and they will download it. Monetize it, and the proposition becomes even more enticing.
Responding to credit union client requests, core processors are launching apps and products for small credit unions that are streamlining operations.
Michigan CUSO is service bureau for Symitar Episys core platform users.
Recent reports allege substantial security flaws, especially in credit union apps. Developers disagree with the reports and say their apps are safe.
The $57 million, 8,600-member Ascension Credit Union in Gonzales, La., plans to convert its core processing this year to the iPower platform from EPL Inc. of Birmingham, Ala., the CUSO and credit union said.
$57 million Louisiana credit union will outsource daily operations to CUSO EPL and gain shared branching and mobile banking services.
Attaining peak performance while fighting interest rate risk requires getting back to basics and re-evaluating business strategy.
Utah CUSO says conversion calendar now full into 2015.