Freedom Bank has selected Open Solutions’ enterprise-wide relational data processing platform, DNA.
According to Open Solutions, built on a centralized Oracle relational database, the solution provides the flexibility necessary for running a service-oriented financial institution. Available as an in-house or outsourced solution, it will help Freedom Bank streamline both front- and back-office processes and creates a centralized view of its customers, employees and business partners. Freedom Bank will implement DNA in an outsourced environment.
In addition to DNA, Freedom Bank also purchased Open Solutions’ financial accounting suite, eCommerce Banker (e-CB Internet banking), cView (CRM), digital document solutions (electronic content management) and item processing with branch capture.
Greg Saville, CFO and COO for Freedom Bank, said: “Their platform is built on a modern, open architecture that makes it very easy for us to keep data consistent across the entire bank. We believe in using technology tools to make our guest experience the best it can be and our existing platform wasn’t meeting our expectations.
“We believe DNA’s intuitive design and modern .NET architecture will enhance the end-user’s experience, further enabling us to serve our guests. Additionally, Open Solutions has a proven reputation in the industry for investing in and improving its products. This was important to our executive team and aligns with our commitment to continuous improvement.”