Lake View Credit Union picks Open Solutions’ core platform

| Business, Science & Tech |

In a bid to extend its long-standing relationship with Open
Solutions Canada, Lake View Credit Union has chosen their The Complete Credit
Union Solution along with a comprehensive suite of Open Solutions’
complementary strategic products, as the advanced technology platform for
enabling them to better serve the growing needs of members.

The Complete Credit Union Solution is built on a centralized
Oracle relational database that is designed to be an open architecture

The solution helps credit unions streamline both front and
back office processes and creates a centralized view of members, employees and
business partners.

Lake View CEO, Rene George, said that like many financial
institutions in Canada,
they’re now facing a much bigger field of competitors and their growth is
harder won than ever before. To remain competitive, they have selected Open
Solutions’ relationship-based technology to help them take their business to
the next level – to make their already great service even better; enable them
to provide innovative and relevant products to their members; and give their
staff access to the information they need to more effectively cross-sell
products and services.

George noted that Open Solutions’ suite of technology
products is well designed to address the issues and challenges financial
institutions face in today’s very competitive market.

Lake View Credit Union also said it has decided to continue
using Open Solutions’ data center for its data processing needs and will
implement Open Solutions’ Financial Accounting Suite, Asset/Liability
Management, ProfitVision, Digital Document Systems and cView ReportWizard.

"We are very pleased Lake View Credit Union is extending its
business relationship with Open Solutions Canada and has chosen Open Solutions’
technology as the platform for its continued growth and success," said Blair
Goulet, president of 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.

Lake View Credit Union boasts assets of more than $200CDN
million and serves 15,500 members through three branches. This year, the credit
union celebrated its 65th anniversary of providing cooperative financial
services to residents of British
Columbia’s Peace Country.

Anuradha Shukla is a contributing editor for TMCnet. To
read more of Anuradha’s article, please visit her columnist