GLASTONBURY, Conn.--(BUSINESS WIRE)--

Open Solutions Inc., the leading provider of collaborative enterprise technology to community-based financial institutions worldwide, announced today that its revolutionary DNA core processing platform has won the Technology, User Experience, and Alliance Core Banking Awards from Aite Group, a leading independent research and advisory firm focused on the financial services space. DNA won the most awards of any core platform mentioned in the report - including systems from Fiserv, FIS, Jack Henry and Harland demonstrating how DNA is a dramatically different core banking platform.

Aite Groups July 2012 report, The Leading US Core Vendors: Fueling Financial Institution Initiatives, analyzes the state of the U.S. core vendor market and compares the leading platforms of 21 vendors targeting U.S. banks and credit unions. The comprehensive 63 page report describes DNA as a real-time, relationship-based (rather than transaction-based) solution and one of the most modern core solutions offered by a U.S. vendor.

Aite Group identifies several reasons why DNA won its coveted Technology Award, starting with DNAs single code line, which allows the platform to serve any institution type, regardless of geographic location a fact Aite Group identifies as a key differentiator that enables a more focused core development strategy. The report continues to note that another strength of the DNA solution is its usability. And finally, Aite Group states: The DNAappstore was the first of its kind for a core vendor, and, in time, has the potential to create a paradigm shift for the financial services industry.

DNAs User Experience Award is the result of multiple interviews Aite Group conducted with DNA customers, who, according to Aite Group, tend to be extremely customer-focused and strive to offer unique capabilities different from the bank down the street. The report also observes how "existing customers seem very satisfied with Open Solutions service and product offerings.

Finally, Aite Group recognized DNA with its Alliance Award based on the platforms open architecture, which makes it easy for virtually any financial services vendor to integrate their solutions with DNA. As a result, Open Solutions boasts a long list of what Aite Group identifies as best-of-breed partners, including Yodlee for PFM, mFoundry for mobile, and Vantiv for ATM/EFT.

In total, the three awards validate why Aite Group thinks Open Solutions is better positioned today than in the past to offer greater flexibility for innovation and to grow its market share.

Commenting on the report, Open Solutions chairman and CEO, Louis Hernandez Jr., stated: Aite Groups independent evaluation of DNA highlights what we at Open Solutions have known all along DNA is radically different. The platforms award winning technology, world class user experience and revolutionary open architecture offer community banks and credit unions around the world a way to overcome the limitations of legacy technology that have left them ill-equipped to compete.

Aite Group

Aite Group is a leading independent research and advisory firm focused on business, technology and regulatory issues and their impact on the financial services industry. It was founded by leading industry experts in Banking and Securities & Investments. Aite Group brings together a team of business strategy, technology and regulatory experts to deliver comprehensive, timely, and actionable advice to financial institutions and technology vendors. It seeks to become a true partner, advisor, and catalyst by exchanging ideas and challenging basic assumptions to ensure that our clients always stay one step ahead of the competition. Learn more at http://www.AiteGroup.com.

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Open Solutions DNA Wins Three Core Banking Awards from Aite Group