WASHINGTON — The credit union/bank clash over member business lending, now fiercely fought this week before Congress, may be overshadowing some inter-industry tech collaboration, according to a senior executive of a Connecticut core platform vendor, Open Solutions Inc.
"The ABA and the independent bankers may be swarming the Capitol this week along with credit unions but the fact is we're witnessing new levels of sharing and cooperation on core platform apps," said Lizette Nigro, vice president and core business leader for the Glastonbury firm.
Nigro, in an interview this week at CUNA's Governmental Affairs Conference in Washington, picked out the $3.1 billion Redstone FCU of Huntsville, Ala. as one drawing widened interest – and income – from banks and other credit unions through the company's DNAappstore, a place for users of its DNA platforms and company developers to share and sell information and software add ons.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
