09:48 AM
Small Bank Tech Companies Stay Focused, Have Longevity and Serve Thousands
There are 82 companies (vendors, researchers and associations) in Automation in Banking - 2010 (my annual report on the bank technology industry). Fourteen of them are small. My definition of "small" is companies with fewer than fifteen employees. The average here is eleven. They are:
Atris Technology - Platform Automation
BancBridge - Cash Management
Digital Era Banking Services - Mobile Banking, Cash Management, Telephone Banking, Doc Imaging, Disaster Recovery, Data Center Ops Reconciliation
Electronic Check Clearing House Organization - an Association
EnableSoft, Inc. - Data Management
Genuity Group, LLC - Data Conversion
Intelligent Banking Solutions - Collections Management
Midwest Software, Inc. - Core Systems
New Core Banking Systems - Core Systems
Nicola Banking System, Inc. - Core Systems
Olson Research Associates, Inc. - Asset/Liability Management
Online Banking Solutions - Cash Management
Street Resource Group, Inc. - Mortgage Lending Warehouse
Suchak Data Systems, Inc. - Core Systems
In an industry where "big and getting bigger" appears to be the order of the times, I felt it was time to at least identify the little guys who chose a niche, stuck to it, survived, and still do it. I'm sure 3,526 financial institutions depend on them.