CSI reveals 11 US core banking deals signed since February
Computer Services Inc. (CSI), a US-based provider of core and digital software, has announced that 11 US banks signed on for its Nupoint core banking platform in the first half of of its fiscal year.
Among them are Four Corners Community Bank in New Mexico, and Florida-based Axiom Bank.
According to the vendor, each bank selected Nupoint due to unique factors, but they all “overwhelmingly indicated” that CSI’s back office operations and digital banking solutions influenced their decisions.
Sheila Mathews, CEO of New Mexico-based Four Corners Community Bank, says: “When we started searching for a new core, we had lots of questions.
“No one answered those better than CSI. We selected CSI because they are like us: customer friendly. And not only are they service oriented, but also they offer operational efficiencies that are unmatched.”
Ron Strand-Sorrell, executive vice president and chief operating officer at Florida-based Axiom Bank, adds: “When we decided to change our core provider, we focused on finding a technology partner that could offer a leading digital experience for both our employees and our customers.”
“Not only were we impressed by CSI’s NuPoint platform, but also we were blown away by the company’s culture and willingness to answer every single question in a transparent, honest way.”
CSI focuses on small and mid-tier banks as well as corporates, offering them core processing, managed services, mobile and internet solutions, payments processing, print and electronic distribution, regulatory compliance and treasury management solutions.
“CSI has always focused on delivering integrated technology through a service-focused culture, one that puts people at the centre of all relationships,” says Steve Powless, CSI’s chairman and CEO.
“We welcome these new banks into the CSI family and look forward to helping them harness their full potential in automating back-office processes and enhancing the customer experience.”
CSI had a good year between 2018 and 2019. It reported in February that its revenues were a record $266.5 million and rose 6.8% compared with $249.6 million for fiscal 2018. Net income for fiscal 2019 was a record $45.0 million, a 15.8% increase compared with fiscal 2018 net income of $38.8 million.