CSI Secures 18 New Core Contracts, Achieving Record Growth
CSI's Significant Growth in Revenue and Partnerships
CSI, a prominent player in providing comprehensive financial software and technology, has recently reported record revenue growth for its fiscal year. The company achieved a remarkable milestone by signing 18 new core deals, a move that not only reinforces its position in the market but also expands its customer base significantly.
Expansion of Customer Base and Services
As part of its growth strategy, CSI has successfully increased its Hawthorn River customer base by an impressive 27%. This expansion highlights the increasing trust and reliance financial institutions place on CSI's technology and services. To further bolster its service offerings, the company has introduced multiple partnerships that enhance its financial services software suite.
Testimonials from New Partners
The Missouri Bank is among those who have recognized the value of CSI's service. According to Douglas Luetkemeyer, the bank's president and CEO, the transition to CSI was motivated by the opportunity for growth and enhanced customer service capabilities. "Choosing CSI was about more than just technology and pricing for us; it was about the kind of service we could expect," he stated.
Long-Term Relationships with Community Banks
CSI's partnerships aren't limited to new clients; they also include long-standing relationships with community banks. Midwest Bank, which has been collaborating with CSI for nearly 20 years, recently decided to adopt CSI's NuPoint core banking system. Aaron Jensen, the bank's president, expressed excitement about the innovative features offered by NuPoint, including a user-friendly interface and extensive functionality that would improve both efficiency and service.
Award-Winning Technology Solutions
NuPoint has recently garnered recognition through its “XCelent Breadth of Functionality” award from Celent, which acknowledges its exceptional features within the North American Community Bank sector. Furthermore, CSI's commitment to providing cutting-edge solutions has positioned it as one of the Top 50 fintech companies, reflecting its dedication to enhancing the banking experience for its clients.
Continued Commitment to Innovation
The president and CEO of CSI, David Culbertson, emphasized the company's strategy of continual investment in its offerings and services while aiming to keep pace with major banking competitors. “Our achievements over the past months showcase CSI's alignment with the needs of banks across the nation,” he explained.
Recent Acquisitions to Enhance Services
CSI's growth trajectory includes strategic moves such as the recent acquisition of Velocity Solutions. This addition enables CSI to offer state-of-the-art account acquisition and customer engagement solutions, enriching the overall service portfolio available to clients.
About CSI
With a history spanning nearly 60 years, CSI specializes in delivering innovative solutions tailored for community and regional banks around the world. The company is committed to keeping pace with industry changes and actively shaping the future of banking through its agile technologies and personalized service. CSI continues to enable its customers to stay competitive in an ever-evolving market.
Frequently Asked Questions
What is CSI's latest revenue achievement?
CSI has registered record revenue growth in the first half of its fiscal year, attributed to the signing of 18 new core contracts.
Which partnerships has CSI recently formed?
CSI has launched several partnerships to enhance its financial services software suite, aimed at improving customer experiences.
What is the significance of the NuPoint core banking system?
NuPoint is recognized for its ease of use and robust functionality, recently winning awards for its breadth of features in the core banking sector.
How does CSI support community banks?
CSI offers tailored solutions that address the specific needs of community banks, helping them to compete effectively against larger banks.
What recent acquisition has CSI made to strengthen its service offerings?
CSI has acquired Velocity Solutions, enhancing its capabilities in account acquisition, customer engagement, and liquidity management software.
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