More than 100 of Symitar's 750 or so credit union clients are now processing on hosted versions of its Episys and Cruise platforms through the core processor's OutLink Data Center operation, the company said.
The San Diego-based division of Jack Henry & Associates of Monett, Mo., said the option's growth is part of an overall trend to outsourcing from running in-house core processing software.
Symitar said about half its new business in 2011 was with credit unions selecting hosted solutions, compared with 32% for the industry overall for that year according to the NCUA.
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