Glastonbury, Connecticut – (The Hosting News) – November 15, 2006 – Web host and integrated enabling financial technologies firm, Open Solutions Inc., was chosen by Mars National Bank to provide a relational core data processing platform for its enterprise-wide data processing needs.
Mars National Bank has more than $280 million in assets, five branches and approximately 30,000 customers. Open Solutions is a provider of integrated enabling technologies for financial service providers throughout the United States, Canada and international markets.
Todd Cover, EVP and COO of Mars National Bank indicated, ”Open Solutions built an advanced open technology platform that offers the flexibility, business functionality and third-party integration capabilities we were looking for from a core provider. We need an open architecture system that we can grow into and provides us the ability to add new products and services to remain competitive in our market. Another advantage of Open SolutionsÃ¢â‚¬â„¢ The Complete Banking Solution is the front-end and back-end standardization it offers. It operates in real-time and will create efficiencies and streamline operations throughout the bank. We also hope to enhance some of our existing products with the capabilities offered by the core platform and the business intelligence suite.”
Built on an Oraclerelational database, The Complete Banking Solution’s open architecture and customer-centric platform is designed to help community financial institutions streamline both the front and back office applications with a focus on customer service. The Open Solutions core platform offers banks a centralized view of its specific relationships with customers, employees and business partners.
Louis Hernandez, Jr., CEO and Chairman of Open Solutions offered, ”Open Solutions’ primary objective is to offer a complete, enterprise-wide data processing solution that allows institutions like Mars National Bank to offer innovative products and services, deliver outstanding customer service and be competitive in their market. We appreciate the opportunity to partner with the bank and help them achieve their business goals.”
Open Solutions Inc. offers a fully featured strategic 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 tools, imaging, digital documents, Check 21, interactive voice response, network services, web hosting and design, and payment and loan origination solutions. Open Solutions’ full suite of products and services are offered to banks, thrifts, credit unions and financial services providers in the United States and Canada.
For more information about Open Solutions, please visit: www.opensolutions.com.