-- Stimulates collaboration among community-based financial institutions --
GLASTONBURY, Conn. -- Open Solutions Inc.[R] today announced that a record-setting 1,200 attendees were on hand at the company's annual Client Conference and Solutions Expo from April 30 through May 4 to witness the formal unveiling of two game-changing new technologies - DNAcreator[TM] and DNAappstore[TM] - and the introduction of Open Solutions' new corporate brand.
Themed "Ingenuity Without Boundaries," the conference content was sharply focused on fostering innovation through collaboration among community-based financial institutions, the people they serve, and their technology partners.
"Open Solutions' conference is more interactive than others I attend. Maybe it's because all clients, both banks and credit unions, are on the same technology platform, or because we are all a little bit more innovative and forward thinking than a lot of our peers, which creates a great sense of community among us. Whatever it is, we collaborate all year long, sharing best practices and solutions to business problems," offered Sheryl Shinn, Senior Vice President, Information Technology & Operations, Hampden Bank, Springfield MA, and Chair Person for the Open Solutions Partnering Council of the Client Association. "Coming together this one time each year feels like a celebration of our successes. Not only do we work hard, but it's a great time too!"
During the conference keynote on May 2, Open Solutions Chairman and CEO, Louis Hernandez, Jr., marked the culmination of several years of planning and development by formally launching two game-changing technologies: DNAcreator and DNAappstore.
With DNAcreator, Open Solutions is providing its partners, clients and independent developers with a comprehensive, free toolkit to build custom applications (DNAapps) that can exponentially broaden a client's core banking capabilities. The DNAappstore provides a global, digital marketplace where people can share and discuss DNAapps, to promote the industry's best ideas and solutions. Over 70 DNAapps were available at the time of the announcement and many more have been added since Open Solutions launched the DNAappstore.
"DNAcreator and DNAappstore are unprecedented solutions that will fundamentally change how technology is developed for community-based financial institutions," says Louis Hernandez, Jr. "We're opening up our core product for anyone to build on, giving them the tools to create revolutionary new apps, and providing a robust marketplace for sharing their ideas and solutions. Nobody else in this industry has ever dared to do this. But given today's regulatory, competitive and economic climate, we are gratified that the strategic decisions we made years ago now position us to offer strong support to community financial institutions at a time when they need it most."
Open Solutions also unveiled at the conference the company's new brand and corporate theme, "There's Power in Community."
Commenting on the rebranding initiative, David Mitchell, Executive Vice President and Chief Marketing Officer at Open Solutions, noted, "A lot has changed - both in the industry and at Open Solutions - in the 11 years since we last visited our brand. Our new theme better captures what we value and believe in today at Open Solutions. It expresses our belief in the vital role that our clients play within the communities they serve. It reflects the invaluable support and wealth of ideas we've received from our strong and innovative client user community. And it conveys the idea that by leveraging our collective knowledge and collaborating with each other, DNA[TM] clients can transform their businesses and become a much more powerful force in the marketplace."
Along with the new brand and corporate messaging, the company launched a new corporate web site at www.opensolutions.com, with improved navigation and content expressing the new brand.
The annual Open Solutions Client Conference and Solutions Expo took place from April 30 through May 4 at the Gaylord National Hotel & Convention Center in National Harbor, MD. More than 1,200 attendees, representing community-based banks and credit unions in the U.S., Canada and overseas, joined the conference for educational sessions, technology demonstrations, and peer-to-peer collaboration. Also on hand were technology partners to showcase products and services that complement Open Solutions' industry-leading enterprise financial solutions, as well as analysts, press, consultants and employees.
About Open Solutions Inc.
Open Solutions Inc. offers a fully-featured strategic product platform that integrates core data processing applications built on a single centralized Oracle[R] relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting tools, imaging, digital documents, Check 21, wealth management, interactive voice response, technology services, payments and loan origination solutions.
Open Solutions' full suite of products and services allows banks, thrifts, credit unions and financial services providers in the United States, Canada and internationally to better compete in today's aggressive financial services marketplace, further enhancing their trusted financial relationships, client affinity, community presence and personalized service.
OPEN SOLUTIONS INC.[R] is a registered trademark of Open Solutions Inc. Third-party names and marks are the property of their respective owners. [c] 2011 Open Solutions Inc. All rights reserved.
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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