Big Data Fintech News

UNIFY Financial Credit Union Moving its Symitar Core to Cloud Model

Singapore's Volopay raises $2.1m

Credit union opts for Jack Henry’s private cloud environment to maintain robustness, flexibility of core

Jack Henry & Associates, is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Symitar division today announced that UNIFY Financial Credit Union will be migrating its Episys core to Jack Henry’s private cloud environment.

UNIFY wanted to alleviate the challenges and cost of maintaining and running its data center, with plans to reallocate the time and resources toward revenue building activities. The $3 billion-asset credit union used the upcoming renewal of its data center building lease as an opportunity to evaluate its options and find an operating environment alternative that would support its ongoing pursuit of growth, efficiency, and innovation. UNIFY considered everything from co-location facilities to the large web services providers, and ultimately chose Jack Henry to host its core.

Read More: bitFlyer: Confidence in Cryptocurrency Increases Across European Populations Year-On-Year Despite Ongoing Coronavirus Crisis

Greg Glawson, chief information officer of California-based UNIFY Financial Credit Union, said, “When it came to Jack Henry’s private cloud model, we found that there were no limitations to the flexibility and robustness of the core’s performance. It remains in our environment and is the same, full-feature technology platform we have been running in-house for years.”

Another significant draw for UNIFY to have Jack Henry host its core was the sophistication of its disaster avoidance infrastructure. Glawson added, “A lot of credit unions don’t fully realize the economics of maintaining and running a data center. It’s time-consuming and expensive, and almost impossible to effectively do on your own. Jack Henry is enabling us to not only offset these costs and resources, but also support our members with greater security and reliability.”

Read More: GlobalFintechSeries Interview with Ashish Singhal, CEO and Co-Founder at CRUXPay

Related posts

NFT Financialization Platform Bridgesplit Announces $4.25M Raise Led by CoinFund and Jump Capital

Fintech Analyst

Ned Davis Research Partners With C8 Technologies to Revolutionize Direct Indexing

Fintech News Desk

Pico Names Brian Pomraning As Chief Revenue Officer

Fintech News Desk
1