Open Solutions Inc. on Monday unveiled two new solutions that fall into the category of what Chairman/CEO Louis Hernandez says makes his company a “disruptive leader.”
They are an app store and a new suite of tools for creating applications, both of which can be used by companies beyond the users of Connecticut-based company’s DNA core solutions for credit unions and community banks.
The DNAppstore is the repository for client-created solutions while the DNAcreator is the toolset, which Hernandez told Credit Union Times “can be used by anyone who can use Microsoft Visual Studio and the C# (sharp) language that’s taught at every college in the country.”
The app store and toolbox suite were announced at the company’s client conference in Washington, D.C., and Hernandez said about 70 applications already have been posted, and 30 more are in the process of being certified by the company.
Examples include a workflow app from Royal Credit Union in Wisconsin and a research app from Redstone Federal Credit Union in Alabama that provides a real-time snapshot of transactions to help resolve, for instance, a member’s question about why an overdraft charge was assessed.
Hernandez said the technological innovation among its client base and beyond can now be shared in “ways that are a mind-bending change for our industry.” He added that applications can be downloaded for free for 60 days.
“This is the kind of thinking that makes us continue to be the disruptive leader in our industry,” Hernandez said. “We’re doing what we’ve been told can’t be done, shouldn’t be done.
“Can you imagine a core processor letting you try any product you want for 60 days, while at the same time providing you access to a user community that is reviewing it?” he said. “We’re inviting vendors of every kind everywhere in the world to share with us in the community we’re creating here for collaboration and knowledge exchange.”
There now are just more than 300 credit unions and banks using the company’s DNA platform in North America, the company said. More than 1,200 attendees are in Washington, D.C., for this year’s Open Solutions Client Conference at the Gaylord National Hotel & Convention Center, the company said.