News
Strategic alliance provides competitive edge, expands product offering to clients
02 July 2008
With kind permission of Open Solutions Inc.
Open Solutions Inc. is a registered trademark of Open Solutions Inc. All other company and product names may be trademarks of their respective owners. Copyright 2008 Open Solutions Inc. All rights reserved.
AUCKLAND, NEW ZEALAND and GLASTONBURY, Conn.,
GFG Group and Open Solutions Inc.® announced a new strategic partnership between GFG Group and Open Solutions Canada, the Canadian subsidiary of Open Solutions Inc. Under the terms of the new partnership, Open Solutions Canada will refer GFG Group’s Simfonie (Mobile payments), Cadencie (card management) and Finsim (certification engine) products and services to its North American and international clients.
Open Solutions Canada operates one of the country’s largest off-premise ATM and point-of-sale networks. Open Solutions is a leading provider of integrated enabling technologies for financial service providers across the United States, Canada and internationally. “This strategic partnership with GFG will give both organizations a competitive edge in the marketplace and provide us the ability to offer additional services to our valued clients,” says Rob Palin, general manager of the Payment Solutions Group at Open Solutions Canada.
GFG Group is a global leading provider of mobile, card management and testing solutions. ”We see this as a strategic relationship that will support our growth in important markets. Our products are complementary to those of Open Solutions, and we are very excited about working with them in pursuit of new opportunities,” says Grant Halverson, the Group Chief Executive Officer for GFG Group.
The new partnership provides both GFG and Open Solutions the opportunity to support their business growth initiatives in their chosen markets. The groups will initially focus on the Canadian and North and South American markets where Open Solutions has a strong presence. Focus will also be given to supporting opportunities in Asian and other emerging markets where GFG’s strengths lie. GFG and Open Solutions are already cooperating on new initiatives in the Asian, North American and South American markets.
About Open Solutions Canada
Open Solutions Canada designs, builds, integrates and operates advanced banking and payment technologies for financial institutions, retailers, independent sales organizations (ISOs), third-party organizations and processing centers worldwide. Open Solutions Canada’s Payment Solutions Group supports and markets state-of-the-art, industry-standard payment transaction processing solutions internationally. The Payment Solutions Group operates one of the largest ATM and POS payment switches in Canada. In addition, it directly supports more than 30 Canadian financial institutions through a network providing shared cash transaction processing, ATM monitoring and 7/24 support.
About Open Solutions Inc.
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, network 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.
For more information about Open Solutions or its financial product line, contact Mickey Goldwasser by email at mgoldwasser@opensolutions.com or by phone at 860.652.3153 or via fax at 860.652.3156. Visit Open Solutions’ Internet site at www.opensolutions.com.
Open Solutions Inc. is a registered trademark of Open Solutions Inc. All other company and product names may be trademarks of their respective owners. Copyright 2008 Open Solutions Inc. All rights reserved.
