Core Systems

11:02 AM
Connect Directly
Google+
Twitter
RSS
E-Mail
50%
50%

Open Solutions Releases DNA 3.0 Core Relational Platform

Open Solutions releases DNA 3.0 core relational platform; new release features more than 120 enhancements.

Open Solutions Inc. , the Glastonbury, Conn.-based provider of integrated enabling technologies for financial institutions, 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.

"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. Recent changes to the financial regulatory environment have challenged institutions to look for non-traditional sources of revenue. Driven by this need in both the market and our client base, DNA 3.0 will enable institutions to create new revenue opportunities by supporting their ability to offer new products and services," said Esther D'Albero, VP of core product development at Open Solutions, in a press release.

DNA 3.0 also enables financial institutions to offer new products and services to small business customers, and gives them more opportunities to cross-sell because products are better segmented in the new version, according to Open Solutions. D'Albero added, "The core conversion process has also been significantly improved with the new release. As financial institutions increasingly seek M&A opportunities as a result of losses during the financial industry crisis and in the post-crisis environment, DNA 3.0 enables merging institutions to promote M&A excellence." Open Solutions announced earlier this year that all its U.S. clients have converted from the former TCBS/TCCUS platform to the company's DNA platform.

Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology Oct. 14, 2014
Bank Systems & Technology's new Must Reads is a compendium of our best recent coverage of customer analytics. Learn what big data means for banks, meet Wells Fargo CDO Charles Thomas, find out how to connect with your Gen Y customers, and more.
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.