Tech Time: Has your core software been sunset?
One of our senior directors got a call a few weeks ago from the CEO of a core provider. Mr. CEO complained that one of our consultants mentioned to a client that his core system [...]
Posts Tagged ‘Core’
Account opening: Enjoy the ride
Ooh baby, baby. It’s a wild world … Transformation. Like it or not, we’ve all done some major adjusting this past year. But intentional transformation? Now, that’s where the real magic happens. And [...]
How to assemble your credit union conversion team
There are many steps to a successful conversion, such as building your team. It’s up to the leaders of the credit union and the conversion team to build the enthusiasm through communications and attitudes. [...]
Tech Time: Thoughts on outsourcing your core software
In a previous life working for one of the largest core vendors, I had the opportunity to evaluate the decisions of over 100 credit union clients that migrated their core software from being hosted in-house [...]
Tech Time: Lessons from a $130 million core contract renewal
Recently, our firm assisted a client on the renewal of a core contract that could approach $130 million in total contract value if the financial institution hits its growth targets. Below are a few war [...]
Open up to new core possibilities
A core system and all its ancillary products will equip your credit union with the majority of the functionally you require. However, as new products and services become available, the core alone may not be [...]
Tech Time: 2017, the year of digital momentum
The financial services industry is facing big changes in 2017, with the shifting tides in Washington, D.C., filling in just part of the picture. Even more significant for credit unions may be the technical [...]
5 ‘core’ considerations
For credit unions, the core banking platform is the primary system of record for members and accounts, and arguably the most important technology choice. The right core strategy starts with understanding future expectations, current needs [...]
Airbnb, Uber, Snapchat: What we can learn from 2016 disruptors
We’ve all heard of the FinTech revolution, right? At this stage in the game, if you haven’t heard of it, head on over to Google. I’ll wait. But the bigger question is [...]
Simplify the payment reconciliation process
Payment options and consumer convenience are all the rage. You can’t peruse a credit union trade publication or website without reading about the growth of fintech and financial management applications and how they affect [...]
Credit unions need to up their data management game
“The banking sector, especially when focusing on aspects that involve core banking functions, has largely been behind in the adoption of modern computing and data technologies.” In a January 2016 research study by the Filene [...]
Negotiate for cheaper, faster core integrations
The efficiencies and speed to market are realized when credit unions, core providers and vendors agree to a standard for integrations. Most credit unions have their focus on expense control and organizational efficiencies. Also vendors [...]
Have yourself a merry little core system review
'Tis the season to be thinking about what your credit union core processor should be doing for you, your employees, and your members. With the evolution (revolution?) of the way members bank today, and want [...]
Insiders guide to credit union managed security
In our recent post, “5 Steps To Build Your Credit Union Cloud” we outlined a very deliberate and strategic path to move your credit union to the cloud. We explained how managed services are giving [...]
4 reasons why a cloud solution can better secure your data
4 Reasons at a Glance Physical security Information security Business Continuity Regulatory Compliance Finding a solution you can trust The pressure to cut costs and grow a loyal member base is a significant factor when [...]