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FOR IMMEDIATE RELEASE
Contact:
Marvin (Mickey) Goldwasser
Open Solutions Inc.
860.652.3153
mgoldwasser@opensolutions.com
Open Solutions Inc. Receives Endorsement
from American Bankers Association for Core Platform and Imaging Product
Suite
ABA members to benefit from
proven core offerings
and complementary image-enabled processing
GLASTONBURY,
Conn., Jan., 30, 2008 – The
American Bankers Association has endorsed Open Solutions’ core data
processing platforms The Complete Banking Solution® (TCBS) and TotalPlus®
and the company’s comprehensive suite of image-enabled item
processing solutions.
“We
believe that Open Solutions provides our members the tools necessary to
increase operational efficiencies, offer a more comprehensive view of
their customers and the ability to remain competitive in an increasingly
turbulent market,” said John Wolff, ABA executive director.
“We are pleased to award TCBS, TotalPlus and their suite of
image-enabled item processing solutions ABA’s stamp of
approval.”
The Complete
Banking Solution’s open architecture and customer-centric platform
is designed to help financial institutions streamline front- and
back-office applications, while providing a centralized view of the
bank’s relationships with customers, employees and business
partners. It is offered in an in-house or outsourced environment.
TotalPlus is
designed to help banks seeking traditional outsourcing services
streamline both front- and back-office applications by combining the
control and access of an in-house system, while offering a reliable,
fully integrated core processing platform in an outsourced environment.
Open
Solutions’ Imaged Payment Technologies Group offers complementary
image-enabled item processing applications providing customized, scalable
solutions designed to help financial institutions more efficiently manage
operational processes, take advantage of image exchange while protecting
against fraud, as well as create electronic statements and documents to
meet the growing demand for online access to account information.
The ABA and its affiliate, the Corporation for American Banking, conducted a thorough product
review and analysis of Open Solutions’ TCBS and TotalPlus and
imaging division, evaluating a wide range of factors including product
functionality, regulatory compliance, management strength, financial
soundness and customer service.
“We are
honored to receive the ABA’s endorsement of our core platforms and
image-enabled product suite,” said Mike Nicastro, SVP and chief
marketing officer for Open Solutions. “We listen to our clients and
respond by providing innovative technology solutions designed to address
the growing list of challenges banks are facing in day-to-day operations.
We realize not every institution faces the same obstacles and therefore
tailor our offerings to meet client needs. Based on the individual needs
of the financial institution, our team of professionals will devise the
appropriate combination of applications and solutions to ensure the bank
meets its business The ABA’s endorsement further validates the
Open Solutions philosophy of creating client-driven solutions.”
Open
Solutions Chairman and CEO Louis Hernandez Jr., said, “Our
commitment to our clients and to the industry is to continually provide
innovative technology solutions that help them to better compete, provide
cost-savings and efficiencies; to deepen and provide more intimate
customer and service-oriented relationships, and finally, to give
financial institutions a strong foundation for meeting their short- and
long-term strategic goals. The ABA’s independent review and
endorsement of both our core and imaging offerings is a testament to the
sophistication of our technology offerings. We strive to help even more ABA members achieve their strategic vision and serving their customers with continued
excellence.
About American
Bankers Association
The American
Bankers Association brings together banks of all sizes and charters into
one association. ABA works to enhance the competitiveness of the nation's
banking industry and strengthen America’s economy and communities. Its
members – the majority of which are banks with less than $125
million in assets – represent over 95 percent of the
industry’s $12.7 trillion in assets and employ over 2 million men
and women.
About Open
Solutions Inc.
Open
Solutions Inc. offers a fully-featured strategic information management
product platform that integrates core data processing applications built
on a single, centralized Oracle relational database, with Internet
banking, cash management, CRM/business intelligence, financial accounting
and management tools, profitability tools, wealth management, imaging,
digital documents, interactive voice response, network services, HSAs,
payments and loan origination solutions. Open Solutions’ full suite
of products and services allows banks, thrifts, credit unions and
financial services providers throughout the world to better compete in
today’s aggressive financial services marketplace, and expand and
tap their trusted financial relationships, client affinity, community
presence and personalized service.
For more
information about Open Solutions or its financial product line, contact
Mickey Goldwasser by email at mgoldwasser@opensolutions.com
or by phone at 860.652.3153 or via fax at 860.652.3156. Visit Open
Solutions’ Internet site at www.opensolutions.com.
Open
Solutions Inc., The Complete Banking SolutionŅ and
TotalPlusŅ are registered trademarks of Open Solutions Inc.
All other company and product names may be trademarks of their respective
owners. Copyright 2008. Open Solutions Inc. All rights reserved.
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Editor’s
Note: The
correct usage of the company name, Open Solutions Inc., is either
referring to it as Open Solutions Inc. or Open Solutions. Open Solutions
no longer uses the acronym of OSI to refer to the company.
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Copyright ©2008 Open Solutions Inc. All rights
reserved.
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