Computer Services Inc.
09/30/2024 | Press release | Distributed by Public on 09/30/2024 07:08
CSI Signs 18 New Core Deals Amid Record Revenue Growth in First Half of 2025 Fiscal Year
PADUCAH, Ky. (Sept. 30, 2024)-CSI, a leading provider of end-to-end financial software and technology, announced record-setting revenue growth in the first half of its 2025 fiscal year. The company secured 18 new core deals, increased its Hawthorn River customer base by 27% and launched multiple partnerships that expanded its comprehensive financial services software suite.
The Missouri Bank cited CSI's industry-leading approach to service, paired with extensive core, lending and managed service offerings as leading factors in its planned conversion.
"When we were introduced to CSI, we saw that the technologies they offer would allow us to grow and better serve our customers," said Douglas Luetkemeyer, president and CEO of The Missouri Bank. "It made more sense than renegotiating our existing contract, but it also wasn't just the price and technology that sold us. How they handle service makes a real difference. I'm so happy we made the move!"
CSI's growing core customer base also includes long-time community bank partners. Midwest Bank in Monmouth, Illinois, is embarking on its 20th year of partnership with CSI as a non-core customer. In that time, the bank has evolved its digital footprint to include dozens of dynamic CSI products that enhance the account holder experience. Deepening the relationship, the bank recently chose CSI's NuPoint® core banking system.
"As we considered new core providers, we sought a company that could offer modern software, a commitment to product innovation and a collaborative approach to fintech integration. CSI immediately emerged as the partner of choice," said Aaron Jensen, president of Midwest Bank. "During our core software evaluation, our team was thrilled by the intuitive user interface and features of NuPoint, CRM, document management, digital banking and card services. CSI's focus on open technologies also presents us with new opportunities to improve efficiency and offer a greater range of services to our account holders."
NuPoint recently secured the "XCelent Breadth of Functionality" award in Celent's "Retail Banking Core Banking Systems: North American Community Bank Edition" report and was recognized as a "Functionality Standout." CSI was also recently recognized in the 2024 IDC FinTech Rankings as one of the Top 50 fintechs.
"Our success over the last six months proves that CSI's approach to service and our technology strategy resonate with banks nationwide," said David Culbertson, president and CEO of CSI. "We're proud of everything we've accomplished this year, but we're not slowing down. We will continue to invest in our own products and service, as well as industry-leading partners and strategic acquisitions to help our customers compete against the big banks."
Today's news follows CSI's recent acquisition of Velocity Solutions, which offers financial institutions best-in-class account and deposit acquisition, customer engagement and retention solutions, as well as intelligent software for serving consumer liquidity through overdraft management.
For more information on CSI, visit csiweb.com.
About CSI
As a forward-thinking software provider, CSI helps community and regional banks, as well as organizations worldwide, solve their customers' needs through open and agile technologies. In addition to its nearly 60-year reputation for personalized service, CSI is shaping the future of banking by swiftly deploying advanced solutions that help its customers rival their competition.
Media Contact:
Emma Chase
Red Fan Communications
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