Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Open Solutions DNA 3.0 to help CUs create revenue
GLASTONBURY, Conn. (1/27/11)--Technology provider Open Solutions Inc. has released the newest version of its enterprise-wide core relational platform, DNA 3.0. The first new release since DNA was introduced in 2008, DNA 3.0 has more than 120 enhancements. DNA 3.0 will create new revenue opportunities for credit unions by supporting their ability to offer new products and services. “In the wake of recent regulatory changes, we sought to enhance our core platform and enable our financial institution clients to succeed in a troubled economy,” said Esther D’Albero, vice president of core-product development at Open Solutions. “Recent changes to the financial regulatory environment have challenged institutions to look for non-traditional sources of revenue.” DNA 3.0 also allows financial institutions to offer new products and services to small business customers, an increasingly important market for banks and credit unions, and gives them more opportunities to cross-sell because products are better segmented in the new version. Butch Leonardson, senior vice president and chief information officer of BECU, Seattle, said his credit union’s conversion to DNA 3.0 exceeded expectations. “The entire process went very smoothly; over the course of one weekend our credit union went live with the new platform and the following Wednesday our command center shut down. Through the course of this transition, every effort was made to mitigate possible issues and in the end, there were none that needed to be addressed.”


RSS print
News Now LiveWire
Housing starts swell in July #NewsNow #Market http://t.co/EdKIhXEj9l
3 hours ago
Consumer inflation tapers after spring surge #NewsNow #Market http://t.co/bgvQd8fyuF
4 hours ago
Have you read this one today in #NewsNow? What NCUA examiners look for on cybersecurity efforts: NCUA Report http://t.co/4g5wUavUAe
5 hours ago
.@CFPB sets $2.75M fine v. auto finance co. it says "distorted consumer credit records for years": TX-based First Investors Fin. Serv. Group
5 hours ago
University, college #creditunions add fin ed to higher ed. See #NewsNow http://t.co/NsyshwHPhg
7 hours ago