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First Keystone National Bank selects Open Solutions core processing platform

25 June 2009  |  1267 views  |  0 Source: Open Solutions

First Keystone National Bank of Berwick, Penn., announced it has selected Open Solutions's latest version of its relational core processing platform, The Complete Banking Solution: DNA (TCBS: DNA), to streamline operations and modernize its infrastructure.

Open Solutions is a provider of integrated enabling technologies for financial service providers throughout the United States, Canada and other international markets.

Founded in 1864, First Keystone National Bank is an independent community bank with $700 million in assets and 40,000 accounts at its 15 branch locations. According to Kevin L. Miller, SVP, technologies division manager for the bank, First Keystone National Bank's decision to implement the DNA platform was based on Open Solutions' strong presence in the community banking marketplace and its superior technology.

"We evaluated several vendors during the selection process, but one of our main concerns was the vendor's strength in community banking," said Miller. "For more than 140 years, we have committed to providing outstanding service to our community, and Open Solutions' keen understanding of the community banking market was critical."

"Additionally, Open Solutions' open technology was a main factor in our decision," continued Miller. "With TCBS: DNA, our employees have greater access to customer information, enabling them to provide better customer service. New accounts can be opened quicker and more efficiently, and daily work for staff is significantly minimized."

The Complete Banking Solution: DNA is built on a powerful, centralized Oracle® relational database designed to be an open architecture application, creating the flexibility necessary for running a service-oriented financial institution. By capitalizing on the strength of Open Solutions' unique universal data model and .NET design, the platform helps community banks streamline both front- and back-office processes and creates a centralized view of customers, employees and business partners.

In addition to The Complete Banking Solution: DNA core platform, First Keystone National Bank will implement Open Solutions' imaged-based item processing solution, loan origination system, financial accounting suite, telephony solution, digital document solution and e-CBTM (Internet banking). All of these products integrate seamlessly with TCBS: DNA and are designed to help the bank deliver even better service to its customers

"Open Solutions is proud to have such a strong hold in the community banking industry, and we understand the value of 'community' and what it means to provide outstanding customer service based on relationships," said Louis Hernandez, Jr., chairman and CEO of Open Solutions Inc. "Our core system was specifically designed to put relationships first. With the DNA platform, banks can deepen relationships with their customers through the platform's complete, accurate customer and corporate profiles and household information. TCBS: DNA helps create and retain intimate, ongoing relationships, which is critical in today's marketplace."

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