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Open Solutions partners with Andera on online account services
GLASTONBURY, Conn. and PROVIDENCE, R.I. (7/30/08)--Open Solutions and Andera are partnering to offer online account opening and funding technologies to Open Solutions clients. The ability to instantly open and fund new accounts electronically increasingly is becoming a top priority for U.S financial institutions, according to the companies. “Online account opening is of great interest to many of our clients,” said Mike Nicastro, Open Solutions senior vice president and chief managing officer. Andera’s solution is an 8-10 minute process where consumers can apply for, be approved for and fund multiple banking products in one session. The solution includes electronic signatures, real-time core integration, integration with third-party risk and data providers, intelligent cross-selling and funding through automated clearinghouse, and credit and debit cards. More than 200 financial institutions have selected Andera, including eight Open Solutions clients. Open Solutions offers information management product platforms for financial institutions, including credit unions. It is based in Glastonbury, Conn. Andera provides online account opening and funding technologies. It is based in Providence, R.I.


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