Symitar introduces next-gen core platform, CruiseNet

MONETT, USA: The technology solutions and payment processing services provider for the financial services industry, Jack Henry and Associates, Inc.'s Symitar division announced CruiseNet, the next generation of its Cruise core platform.

CruiseNet is built on a .NET architecture, enabling it to be more intuitive and allowing for maximum efficiency. New features provided by CruiseNet include integrated loan collections, relationship pricing, risk-based lending and loan decisioning, accounts payable, fixed asset accounting, and customized workflow options for new members, new accounts, and new loans.

As part of the improved user workflow, tasks such as membership and loan applications can be completed in minutes, without toggling between screens.

The core platform is available for in-house installation or implementation in a service bureau environment, making it possible for small and medium-sized credit unions to meet their business needs regardless of available IT resources.

Ted Bilke, president of Symitar said: "Our strong financial position allows Symitar to continue investing in developing and enhancing the CruiseNet system. Our credit unions have been instrumental in helping with new functionality and the transitions to the next-generation core system. We are excited about the introduction of this progressive platform and the tangible benefits it will generate for every Cruise client."