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February 25, 2010

Northern Credit Union Selects Open Solutions’ Data Processing Platform

Northern Credit Union, an Ontario-based credit union, has selected the latest core release DNA (formerly The Complete Credit Union Solution: DNA) from Open Solutions, a provider of integrated enabling technologies for financial institutions.

By CBR Staff Writer

DNA capitalizes on Open Solutions’ universal data model and design and its client-centric processes, while enhancing workflow, flexibility, navigation and productivity. Built on a centralized Oracle relational database, the solution provides the flexibility necessary for running a service-oriented financial institution.

DNA is available as an in-house or outsourced solution, it helps credit unions streamline both front- and back-office processes and creates a centralized view of members, employees and business partners.

In addition to DNA, Northern Credit Union also purchased Open Solutions’ cView (CRM/business intelligence), ProfitVision, voice response unit/telephone banking and its financial accounting suite, which includes general ledger, accounts payable, fixed-asset management and asset-liability management solutions.

Al Suraci, president and CEO of Northern Credit Union, said: “The DNA platform supports our goals to work efficiently and effectively, while maintaining a 360-degree view of our members.”

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Hans Hinding, vice president of IT for Northern Credit Union, said: “We determined Open Solutions’ DNA platform provides the credit union with the best mix of functionality, technology and vendor support needed to grow our business. Once we examined the technology for ourselves, we were very impressed with the highly normalized database, intelligent user-interface and the state-of-the-art Microsoft.NET environment.”

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