GLASTONBURY, Conn.--()--Open Solutions Inc.®, a leading provider of integrated enabling technologies for financial services providers throughout the United States, Canada and other international markets, today announced its ranking on the FinTech 100. The FinTech 100 is an annual international listing of the top vertical technology vendors that derive more than one third of their revenue from this industry. The listing is compiled by American Banker, Bank Technology News and IDC Financial Insights.
“We are honored to be included yet again in this prestigious ranking”
Open Solutions ranked 23rd on the list of financial technology companies that were judged according to their global revenues – attesting to the company’s stability and importance to the industry. In 2004, the company was the fifth largest core provider, and by the end of 2006, Open Solutions was the fastest-growing provider in the world. Open Solutions has continued to rapidly expand, initiating a four-part transformation in 2007 to position the company for the next 10 to 15 years.
“We are honored to be included yet again in this prestigious ranking,” said Louis Hernandez, Jr., Open Solutions’ chairman and CEO. “We understand the challenges that financial executives are facing in this tumultuous market, and I believe this ranking further confirms our commitment to providing solutions that help financial institutions meet their business objectives, despite the current economic environment. Our company has worked extremely hard to incorporate the right combination of talent, service and innovation to position Open Solutions for continued success and growth. The transformation of our company has yielded better quality products and better service – and as a result – we’ve seen significant adoption of our most recent core platform, DNA. This ranking further validates the stability of our company in an uncertain market and our commitment to our client family.”
For more information about the rankings, visit www.financial-insights.com/fintech. To view the FinTech Special report, visit www.AmericanBanker.com/fintech100.
About Open Solutions
Open Solutions Inc. offers a fully featured strategic information management product platform that integrates core data processing applications built on a single centralized Oracle relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting and management tools, profitability tools, wealth management, imaging, digital documents, interactive voice response, technology services, HSAs, payments and loan origination solutions. Open Solutions’ full suite of products and services allows banks, thrifts, credit unions and financial services providers in the United States, Canada and internationally to better compete in today’s aggressive financial services marketplace, and expand and tap their trusted financial relationships, client affinity, community presence and personalized service.
Editor’s Note: The correct usage of the company name, Open Solutions Inc., is either referring to it as Open Solutions Inc. or Open Solutions. Open Solutions no longer uses the acronym of OSI to refer to the company.
