As the largest regional provider of Symitar’s Episys® Core Processing solution on the East Coast, Synergent is very pleased to share that Episys recently received the prestigious Alliance and Most Open Architecture Award from industry consultant Aite Group, a global research and advisory firm with expertise in financial services and payment solutions. Factors leading to the award included:
- Extensiveness of integration capability
- Scalability for credit unions of all sizes
- Ease of implementation
In July 2016, Aite Group published a report entitled, Leading U.S. Core Banking Vendors: Entering the Era of Plug-and-Play Banking. The report stated that “overwhelmingly” Symitar is called out “as an outstanding partner” for Episys’ ability to maximize customization, third-party connectivity, and interoperability standards through solutions such as the SymXchange™ interface and PowerOn®tools. These components provide vast core flexibility in a market that demands a sophisticated exchange of data in order to deliver the best customer experience.
The parent company of Symitar was also recognized. Aite Group named Jack Henry & Associates as a “Leader of the Pack Award” recipient, acknowledging the company’s continuing positive momentum as it wins new core clients and moves up-market to larger institutions, especially on the credit union side. In validation of this award, Jack Henry & Associates celebrated 40 new core takeaways in its most recent fiscal year, ended June 30, 2016, and eclipsed 48 percent of all core clients now using an outsourced delivery.
David Foss, president and CEO of Jack Henry & Associates, added, “Financial institutions are under tremendous pressure to quickly address market demands and respond to customer expectations. Their core platforms must be flexible and receptive to change, and able to communicate well with other systems. We are proud of the core innovations taking place within Jack Henry, and appreciate the recognition by Aite Group for what we’re doing. The trends observed in this report align with the direction our clients have taken in recent years, and with how we’re thinking about the future of our technology.”