Skip to content
CU 2.0

CU 2.0 Podcast Episode 224 Peter Maher Open Banking Solutions On Why They Are Offering A Free Core Pilot

cu 2.0 podcast

Free. That’s a price you don’t hear for a core system – particularly not one with over 100 installations globally and with a pedigree that includes executives who played central roles in bringing the DNA core to market and that core today is integral to Fiserv’s product line.

And, while “free” is available only to the first few credit union pilots in the US, that’s still a rare deal.

The company is Open Banking Solutions and you haven’t heard of it or its core because its cloud-based core is in use in much of Latin America.  Now it is coming to the US.

Also in the product mix is mobile-first digital banking, an automated collections tool, and business intelligence and reporting tools.

Peter Maher, chief commercial officer, added that the company’s target market are credit unions between $50 million and $500 million in asset size.

The reason? Many of those institutions are stuck using outdated cores that just don’t let these credit unions keep pace with market needs.

He insisted the Open Banking Solutions’ product suite is exactly the fix those credit unions need.

Keep in mind, too, that these tools – developed in Latin American markets – are effortlessly bilingual, Spanish and English.

And now the company is looking for a credit union or two to pilot the debut of the core in the US market.  Maher tells what they are looking for in the podcast.

Learn more about Open Banking Solutions here:

Recent Posts

Categories

Put your credit union's AI rules in writing.

Our free AI policy template covers governance, risk tiers, AI agents and vendor AI, plus 11 questions for your board.

Get the AI policy

Get new posts in your inbox.

Sign up for CU 2.0 updates, including new blog posts. Unsubscribe anytime.

By submitting, you agree to our Privacy Policy.