Latest Symitar News
Dec 7, 2023
Deployment of Jack Henry’s Symitar Core Platform: Credit Union 1 (CU1), the second-largest in Alaska, USA, has implemented Jack Henry’s Symitar core platform. Open Banking Infrastructure Decision: CU1 chose Jack Henry due to its open banking infrastructure, viewing it as superior to the previous provider with integration limitations. Transition Benefits After a Year: Jack Henry asserts that CU1, post-transition, has improved disaster recovery, business continuity, and operational efficiencies. Integration of Key Marketplace Differentiators: CU1 linked interactive teller machines to the core, enhancing teller efficiency and providing members with more self-service options. Impressed Partnership for Long-Term Goals: CU1’s CEO, Mark Burgess, is impressed with Jack Henry’s R&D, expressing confidence in achieving long-term growth and scalability goals. Jack Henry’s Market Presence: Jack Henry claims a nearly 50% market share among credit unions with over $1 billion in assets and boasts an ecosystem with over 950 fintechs. Tags:
Symitar Frequently Asked Questions (FAQ)
When was Symitar founded?
Symitar was founded in 1984.
Where is Symitar's headquarters?
Symitar's headquarters is located at 8985 Balboa Ave, San Diego.
What is Symitar's latest funding round?
Symitar's latest funding round is Acquired.
Who are the investors of Symitar?
Investors of Symitar include Jack Henry & Associates.
Who are Symitar's competitors?
Competitors of Symitar include FIntegrate Technology.
Compare Symitar to Competitors
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FIntegrate Technology is a company that specializes in the financial technology sector. The company offers innovative software solutions for dispute management, collections, and recovery, aimed at helping financial institutions improve operational efficiency, reduce costs, and maintain compliance. The primary customers of FIntegrate Technology are financial institutions such as banks and credit unions. It was founded in 2009 and is based in Birmingham, Alabama.
Temenos (SWX: TEMN) focuses on improving the banking industry through its platform services. It offers a banking platform that caters to a variety of players in the industry, including large and small banks, non-banks, partners, and developers. The company primarily serves the banking and fintech industries. Temenos was formerly known as Temenos Systems. It was founded in 1993 and is based in Geneva, Switzerland.