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Open Solutions Launches Version 3.9

Monday 19 July 2004 17:57 CET | News

Open Solutions has released Version 3.9 of The Complete Banking Solution and The Complete Credit Union Solution (TCBS & TCCUS), Open Solutions relational core data processing systems for banks and credit unions. Winston-Salem, N.C.-based Piedmont Federal, Waycross, Ga.-based Atlantic Coast Federal and Somerset, Pa.-based Somerset Trust Company were the first institutions to beta test the newest release. According to Open Solutions product managers, Version 3.9 was designed to further enhance a financial institutions ability to gather, catalogue and retrieve the maximum amount of relevant information pertaining to its customers or its members. Other enhancements in Version 3.9 include upgrades to credit/debit card setup and maintenance processing, more dynamic commercial banking applications for both the banking and credit union core products and new considerations for loan product servicing. Open Solutions product managers feel the companys master line processing enhancements are positioned to have a significant impact. The master line processing tool supports the creation and monitoring of a master line in unlimited sub-accounts under one "umbrella" product. The module consolidates loan information at the master line level with full summary information of linked sub-accounts, consolidated billing and payment processing and full reporting. Version 3.9 will also expand on existing functionality, adding more lending options for pay-off, direct pay and allotment processing. As in years passed, Open Solutions software developers and product managers worked closely with Open Solutions bank and credit union clients to ensure that market- and user-driven features and enhancements were included in this latest version of the product.

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Categories: Banking & Fintech | Online & Mobile Banking
Countries: World
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Banking & Fintech