PROVIDENCE, R.I. -- Andera said it has partnered with Harland Financial Solutions to offer the Rhode Island company's online account opening and funding solutions to HFS clients.
The Andera products now offer real-time integration to HFS's UltraData Enterprise and Phoenix System core processing solutions for credit unions and banks, respectively. Users of Cavion Internet banking, a part of HFS, also will be offered the solutions.
"Partnering with Harland Financial Solutions allows our mutual customers to benefit from a totally integrated account opening and funding solution, and ultimately to grow market share relative to their peers," said Charlie Kroll, CEO of Andera (www.andera.com)
HFS competes in the mid-market segment, an area expected to provide much of the growth in online account opening that's expected to be offered by 18% to 20% of American financial institutions by 2010, up from fewer than 2% last year, according to the Celent market research firm.
"Online account opening is an important new component for our clients' online banking strategies and a high priority for several of our clients, many of whom have already selected Andera's market leading solution," said Helen Beckel, senior vice president, strategy and market development, for HFS.
--mrapport@sc.rr.com
