MDT Partners with FI MarketScan Advisors To Offer Cloud Alternative By CIOTechOutlook Team

MDT Partners with FI MarketScan Advisors To Offer Cloud Alternative

CIOTechOutlook Team | Wednesday, 17 May 2023, 02:59 IST

Member Driven Technologies (MDT), a CUSO that offers a private cloud alternative for core processing and IT requirements by hosting the Symitar core processing system from Jack HenryTM, has announced a partnership with FI MarketScan Advisors, Inc., an organisation that assesses payment proposals and contracts for financial institutions.

The collaboration enables MDT's credit union clients to cooperate with FI MarketScan Advisors on contract negotiations, lowering costs and bringing stability and increased profitability to credit unions' vendor contracts for cheque printing. Efficiency is a significant selling point for the business; to produce results, clients often only need to commit 90 minutes of their time.

“Working with MDT and FI MarketScan Advisors has brought significant value to our organization,” said Jeremy Jenkins, CEO of Lanco FCU. “The experts at FI MarketScan Advisors were able to renegotiate a contract for us that resulted in notable long-term savings, without requiring much time from us. This partnership is another example of MDT bringing beneficial services and solutions to its credit union community.”

“We’ve known MDT for years and have always respected their dedication to their clients,” said David Jones, co-founder of FI MarketScan Advisors. “The credit union philosophy is ‘people helping people,’ and MDT embodies that through helping its clients access the products and services needed to become stronger organizations. We’re excited to broaden our reach through this partnership, helping more credit unions improve profitability and consistency to their check programs.”

“With their deep expertise and connections in the checking industry, FI MarketScan Advisors has helped many credit unions assess and negotiate contracts with checking providers, leading to favorable outcomes,” said Larry Nichols, CEO and president of MDT. “We look forward to offering the consultancy’s services to our credit unions, helping them optimize resources – something that has never been so important.”