back Back

CSI acquires Hawthorn River to streamline loan processing

By Delisha Fernandes

December 21, 2023

  • community banks
  • Compliance
  • CSI

CSI, Hawthorn River, community banks, digital loan, digital banking, payments, fraud, compliance, cybersecurity, Fintech news, Fintech USAFinTech CSI, a provider of end-to-end financial software and technology, has acquired St. Louis, Missouri-based software provider Hawthorn River, which offers a modern, single-platform loan origination system (LOS) purpose-built for community banks.

This acquisition will add Hawthorn River’s single-platform loan origination system within CSI’s software platform, and strengthens the companies’ existing technical integration.

It also adds critical functionality to CSI’s comprehensive technology platform, which includes core processing, digital banking, payments, fraud and compliance, and cybersecurity. The integration enhances CSI customers’ loan origination capabilities across all loan types for both commercial and consumer accounts.

David Culbertson, CEO and president of CSI, said, “We’ve made it our mission at CSI not just to advocate for community banks, but to do everything in our power to deliver technologies that solve their most important problems and empower them to compete and scale. Our acquisition of Hawthorn River is the latest step in addressing those needs. Throughout our partnership and in conversations with the Hawthorn River team and customers, it became clear how much their solution resonates with community bankers.”

The acquisition also enables CSI to deliver single-point loan origination solutions to non-CSI community banks through strategic channel partnerships and API integrations with other technology and service providers.

Jon Rigsby, Co-founder and Chief executive officer Hawthorn River, said,  “Community banks today are actively searching for ways to evolve and modernize, but they can’t do it without the support of their technology partners. Where other LOS providers are pricing out community banks or delivering fragmented solutions, we are dedicated to giving community banks the tools and exceptional service they need to scale and thrive.”

Previous Article

December 21, 2023

PayCraft, NSDL Payments Bank & NPCI launch ‘One Nation Corporate Card’

Read More
Next Article

December 21, 2023

Payoneer introduces new product features to empower SMBs

Read More

IBSi Daily News Analysis


February 23, 2024

community banks

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 23, 2024

Ebury and Nium team to offer cross-border payments in Brazil

Read More

February 23, 2024

FinTech Focus: Catch latest developments of the week

Read More

February 23, 2024

MultiPay teams up with to launch Pay By Bank

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023