LAKE MARY, Fla. (10/4/11)--Harland Financial Solutions’ PhoenixEFE enterprise solution has received an XCelent Technology Award from Celent, according to in a recent research report about core banking solutions for large credit unions. The company’s solution received the award for its leading performance in advanced technology. The study examines 12 providers in the financial services sector using the Celent ABCD Vendor View to show the relative position of vendors in categories of advanced technology, breadth of functionality, customer base and depth of client services. The report cites current trends among credit unions, including the need for multi-channel technologies that help attract members and secure member loyalty, and increased integration that provides a single view of the member. Both are areas of strength for PhoenixEFE, which brings together Harland Financial Solutions’ real-time core processing solution with the company’s specialized applications. Its capabilities span the functions of a financial institution’s entire enterprise. “Credit unions are finding it necessary to develop competitive technological offerings, and therefore prefer core banking solutions with multi-channel options like ATM, mobile, Internet, and interactive voice response to attract customers and engender customer loyalty,” says Bart Narter, senior vice president of Celent’s Banking Group and author of the report. “Harland Financial Solutions’ PhoenixEFE is strongly positioned to help credit unions meet those technological challenges.” Harland Financial Solutions, Inc. supplies software and services to financial institutions of all sizes, offering its solutions in an in-house and service bureau environment.
MONETT, Mo. (10/4/11)--Symitar, a provider of core data processing and other technology solutions to credit unions, added 37 credit unions to its client roster during the 2011 fiscal year, which ended June 30. The credit unions decided to replace competitive platforms with Symitar’s Episys or Cruise systems. Of the new clients, 25 chose Episys and 12 selected Cruise, which is designed for small- to mid-sized credit unions. Following a trend toward outsourced services, 20 credit unions chose an outsourced delivery model, while 17 credit unions opted for an in-house solution. Symitar is a division of Jack Henry & Associates, Inc.