Trusted Advisor to Banks and Credit Unions

Bank and Credit Union Technology

Banks Must Merge to Create Digital Opportunities

We recently read an opinion piece in the ABA’s BankThink column: https://www.americanbanker.com/opinion/regional-banks-must-merge-to-meet-tech-challenges The article is saying that in the wake of the Suntrust and BB&T merger, that the merger is effectively to gain the economies of scale needed for regional banks to compete with the national banks. The article goes on to say that the…

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Is FIS Acquisition of Worldpay Good for Community Financial Institutions?

https://www.americanbanker.com/news/what-does-the-fis-worldpay-deal-mean-for-banks In reading through various “expert” opinions on the topic of the FIS-Worldpay merger, the positives for banks seem to be: Better fraud (full circle) fraud recognition Expanded merchant acquiring services Expanded eCommerce services Expanded data collection on customers Other than the fraud services, most of these sound like benefits to FIS, not necessarily to…

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Outsourcing your Core Bank or CU Platform- Items to Consider

Your Sr. Management team has decided to migrate your bank or credit union from an In-house core, which resides on premise, to an outsourced core platform, which resides at your vendor. Your financial team has reviewed the total cost of ownership of both models. They have decided that between the reduced risk and reduced staffing…

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Is JHA Winning on Deconversion Fees?

http://ir.jackhenry.com/news-releases/news-release-details/jack-henry-associates-inc-reports-second-quarter-fiscal-2019 When reviewing Earnings Reports for Fiserv, FIS, and JHA , there is a lot to interpret, particularly when comparing previous year results. We’ll leave the deep analysis to the Wall Street Analysts and focus on one number: de-conversion fees. De-conversion fees are important to clients that are considering either choosing that provider, or leaving…

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Fiserv to buy First Data- Is it time to update the Resume?

https://investor.firstdata.com/financial-news/2019/01-16-2019-120649159 It was just at the end of the Q3, 2017 that Fiserv acquired the Elan assets from US Bank. And now, roughly 90 days later, the First Data acquisition. Our Fiserv insiders tell us that individuals in their Payments area(s) are nervous. In recent years, Fiserv has become notorious for “efficiency” related staff reductions.…

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