OSI Unveils Upgraded Core Processing

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Open Solutions Inc. (OSI), a provider of integrated enabling technologies for financial institutions, has released Version 3.7 of The Complete Banking Solution and The Complete Credit Union Solution (TCBS/TCCUS), its core data processing system for banks and credit unions.

The company said enhancements include system options, CRM features and new reports, as well as operational efficiencies to front and back office applications.

Other features include negative balance reclassification, transaction reference numbers and system optimization.

The negative balance reclassification functionality enables users to support the automatic movement of funds between general ledger accounts when a checking or savings account is carrying a negative balance. Therefore, institutions can easily reclassify and report negative balances for all accounts within specified products, which previously required manual intervention, OSI reported.

For info: www.opensolutions.com.

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