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Teres Solutions adds account opening functions to SAIL

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AUSTIN, Texas (6/5/09)--Teres Solutions and Andera have integrated Andera’s account opening solution with Teres’ SAIL lending automation platform. The integration will automate the account-opening process so account holders can have immediate access to loan products. SAIL offers new account owners access to real-time automated loan decisions, including loans for home equity, credit cards and other services. The two companies plan to offer an expanded suite of account opening and other loan automation features in the future. Andera provides online customer-acquisition technologies for retail financial institutions. Teres develops direct and indirect lending software products.

PSCU Financial expands collections platform

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ST. PETERSBURG, Fla. (6/5/09)--PSCU Financial Services is expanding its ability to handle collections from several product lines. PSCU plans to install new software to upgrade its collections system to expand the portfolio. The upgrade and expansion is expected to be completed in the fourth quarter. The software is from Akcelerant, which offers customizable collection management tools. The software will “allow us to import data from multiple sources and will facilitate and expedite the collections workflow, including analysis and reporting,” said PSCU Financial Services President David J. Serlo. Currently, more than 400 financial institutions, including credit unions, use Akcelerant software. PSCU Financial Services, based in St. Petersburg, Fla., is a credit union service organization that works with more than 1,300 financial institutions nationwide.