US-based Coastal Credit Union has selected Symitar's Episys core platform in a bid to increase flexibility in operating efficiencies as well as re-engineer processing services.
The new technology platform will support the company’s requirements and allow it to offer new financial products and services for its members.
The Symitar’s technology will also enable it to proactively co-operate with other large credit unions to continually advance the functionality of the core with custom programs and applications.
According to an estimate, more than 35% of US credit unions with more than $1bn in assets are now automated by Episys.
Coastal Credit Union business transformations vice president Tami Langton said, "Symitar’s Episys system offers the fast, easy flowing transfer of information and transactions across a multi-channel environment."
"As channels grow increasingly complex, the core has to be nimble enough to support real-time channel needs and not create barriers to the movement of data between those channels," Langton added.
Supported by Symitar, the PowerOn Marketplace delivers a centralized community for users to share, review, and adopt ideas and custom programming solutions independent of the core code.
PowerOn Marketplace is a collaborative environment for Episys credit union clients to exchange programming solutions that improve efficiency and performance.
Operating as a division of Jack Henry & Associates, Symitar currently serves over 750 credit unions as a single source for integrated, enterprise-wide automation and as a single point of contact and support.