The $1.2 billion Stanford FCU in Palo Alto, Calif., isconverting from an older Open Solutions Inc. core processingsolution to the Connecticut firm's flagship DNA solution, thecompany and credit union said.

The new platform will replace the Wealthview Banking System the47,000-member credit union has been using since 1999 to processdeposit and transaction accounts.

The DNA relational core platform is now in use at approximately450 credit unions. Stanford FCU said it will run it in-house, alongwith ancillary solutions it chose, including DNAvoice, DNAmobile,DNAweb, document management, business intelligence and marketingsoftware.

The credit union will also implement automation platform fromOpen Solutions alliance partner UC4.

“The best practices that we gain from this upgrade will allow usto better serve our community, become more relevant to the market,and help support our growth, allowing us to ultimately take ourbusiness to the next level,” said Jim Phillips, the credit union'ssenior vice president and chief information officer.

“As our client community continues to grow, Stanford FCU has theability to extend its innovative heritage by collaborating with other banks and credit unions using theDNA platform in limitless new ways,” said Open SolutionsChairman/CEO Louis Hernandez Jr.

Stanford FCU was founded in 1959 and now serves Stanford University and more than 100 localcompanies, including a number of leading technology firms. It laysclaim to being the first financial institution to offer onlinebanking, beginning in 1994.