GLASTONBURY, Conn. -- Open Solutions Inc. says it's "gaining momentum among more traditional credit unions" with a basic version of its core processing platform.
So far this year, 32 credit unions have deployed or are in the process of deploying OSI's The Complete Credit Union Solution--Standard Market Edition (TCCUS-sme), the company says.
The solution is built around the open-relational architecture technology that helped drive OSI to widespread adoption by big, tech-savvy organizations, but does not include specific business or real-estate capabilities, OSI says.
"Our smaller clients wanted a 'scaled-down' version of our core data processing platform, TCCUS. They wanted the functionality of our open, relational architecture, but without all the business functionality. When the time is right, TCCUS-sme can grow with these smaller credit unions and they can evolve into the high-end featured version of TCCUS," says Richard Verhaaren, TCCUS-sme vice president and group general manager at OSI.