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Dean Bank Selects Electronic Image and Item Processing

Originally published November 11, 2005

Nine years ago, when Dean Bank in Franklin, MA was looking to make the jump to Y2K, it chose Open Solutions The Complete Banking Solution (TCBS), a relational core data processing platform, to address its enterprise-wide data processing needs. The bank recently upgraded its platform suite with Open Solutions' item processing and remote branch capture applications.

"We are a long-standing Open Solutions client," said Kevin Goffe, CFO of Dean Bank. "Our IT staff and our board have ongoing discussions about being electronically driven. This was the next logical step for us," he said. "The industry is experiencing a thoughtful, yet aggressive move toward image exchange and the distributed capture of check images. Dean Bank saw the Check 21 legislation and Open Solutions' superior technology applications as opportunities to take a proactive approach to image-enabled processing."

Secure, web-based research is virtually instantaneous across the network. Reduced postage costs and operational expenses combined with the profit potential from image statements (CD/DVD/Email), Lockbox and check fraud protection make the Open Solutions' imaging application a powerful tool and revenue generator. The item processing suite is optimized by the bank's in-house, enterprise data processing suite, The Complete Banking Solution.

"As Dean Bank is evolving and growing they're finding, like many other financial institutions, that Open Solutions is not only the answer to their enterprise platform needs, but to their line of business and delivery systems needs, as well," said Open Solutions Chairman and CEO Louis Hernandez, Jr. "Our open platform merges flexibility and adaptability with mission critical best in class solutions for retail and commercial banking. Dean Bank's experience with Open Solutions technology is a testament that a technology strategy is built upon an impeccable enterprise platform.”

This BeyeNETWORK news item contains information from a recent press release by the company mentioned.