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CSI provides core processing technology for community banks, acting as the backbone that runs customer accounts, deposits, loans, and regulatory reporting. It does this through an integrated platform that processes transactions, stores data, and generates compliance and management reports, typically delivered with strong customer support and can be hosted on-site or in managed environments. It stands out through a long track record, dependable service, deep industry know-how, and close relationships with regional banks rather than flashy product features. Its goal under private equity ownership is to accelerate product innovation and expand services to help more community banks modernize operations while preserving reliable core processing.
Industries
Data & Analytics
Enterprise Software
Financial Services
Company Size
N/A
Company Stage
Acquired
Total Funding
$1.6B
Headquarters
Paducah, Kentucky
Founded
1965
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Total Funding
$1.6B
Above
Industry Average
Funded Over
1 Rounds
Remote Work Options
Performance Bonus
CSI, a financial software provider, has acquired Qolo, a fintech specialising in treasury solutions and payments infrastructure. The acquisition strengthens CSI's commercial banking offerings, helping community financial institutions provide flexible deposit structures, intelligent money movement, and expanded card programmes. The deal extends CSI's reach across the fintech and payments ecosystem. Together, the companies aim to help community banks compete with larger institutions by offering modern commercial banking capabilities. Qolo's technology will serve as an orchestration layer across payments, accounts, and workflows, integrating with CSI's existing platforms. The acquisition advances CSI's vertical banking strategy, enabling community banks to deliver industry-tailored solutions. Qolo also serves fintech and B2B payments providers, which will benefit from CSI's scale and compliance expertise. Patricia Montesi, Qolo's co-founder and CEO, noted the blurring line between traditional banking and embedded finance as a key industry challenge the combined entity will address.
CSI, a financial software provider, has launched Customer Intelligence Suite, an AI-powered solution designed to help financial institutions deepen customer relationships through data-driven insights. The platform synthesizes information from core banking, digital channels, payments and third-party sources to identify meaningful changes in customers' financial lives. The suite uses AI-driven signals to surface opportunities in real time, such as detecting recent graduates needing savings accounts or businesses requiring working capital. For commercial clients, it identifies cash flow trends and readiness for treasury services or lending products. Integrating data from CSI's portfolio, including Apiture and Velocity analytics, the insights are embedded directly into CSI NuPoint CRM and banking channels. CSI will enroll customers in a pilot programme in Q3 2025, with general availability planned for Q4 2026.
CSI, a financial software provider, has partnered with Carefull to help banks and credit unions protect older account holders from fraud and scams. The collaboration will provide AI-powered tools that detect elder fraud patterns before funds leave financial institutions. Americans aged 60 and over lost $4.86 billion to fraud in 2024, with average losses exceeding $33,000 per victim, according to the FBI. Carefull's platform detects more than 70 unique elder fraud patterns, including suspicious transactions and behavioural changes. The platform offers senior-specific fraud detection, caregiver access with role-based permissions, plain-language alerts and aggregated reporting for financial institutions. CSI's bank and credit union clients can deploy the solution quickly through online and mobile channels, offering simplified enrollment to account holders.
CSI, a financial software and technology provider, has appointed Abe Kuruvilla as chief information and technology officer. He will oversee architecture, engineering and platform operations, focusing on modernising CSI's ecosystem for community and regional financial institutions. Kuruvilla brings over 20 years of experience leading technology organisations. Most recently, he served as chief technology officer at ACI Worldwide, delivering mission-critical payments solutions globally. Previously, he was chief information officer at CoreLogic, where he led cloud migration and platform modernisation, earning the 2021 HousingWire Tech Trendsetter Award. The appointment follows CSI's acquisition of digital banking provider Apiture and a strategic reorganisation to enhance its integrated platform spanning deposits, lending, digital banking and customer engagement.
CSI acquires Apiture to power every stage of the account holder lifecycle from digital banking to customer engagement and lending.
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Industries
Data & Analytics
Enterprise Software
Financial Services
Company Size
N/A
Company Stage
Acquired
Total Funding
$1.6B
Headquarters
Paducah, Kentucky
Founded
1965
Find jobs on Simplify and start your career today