Not sure if this should be in IT Discussion or IT Business....
I work at a small community bank and have talked to several others in a similar positions as me. One common thing I've noticed is that we all have consistently poor experiences with our core banking vendors, weather its Fiserv, FIS, Finastra, Jack Henry, etc.
What it comes down to is that these are big financial corporations that I feel absorb or consume small community banks and sell them expensive contracts and provide pretty poor levels of product support while continually moving away from the products they sell you. They nickle and dime you for everything and don't seem to really care about providing good long term support. Yes there are occasionally individual employees or technicians that are good people and great at their job, but most the support I talk to do not seem to know whats going on and have to reach out to other people and departments for everything. In our case, it feels like our vendor is too big and spread out/fragmented to really be agile enough to effectively meet our needs as a small community bank. We are just a tiny fish to them. So yeah, the overall experience is that they are just using us as one more "vacuum tube" to suck up money from a small community while doing the bare minimum to hold up their end of the contract.
I was just reading this article which hits home a little bit.
So has anyone here ever worked at or done business with a community bank that actually has consistently good things to say about their core financial vendor? I'm kinda sorta just looking for other companies to suggest we look into at some point..