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About us
Contact us
Careers
Management
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Our
Mission
Open Solutions IA Systems is committed to innovating the lending process with
advanced technology, integrated custom solutions, and a knowledgeable staff
of lending experts.
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About Open Solutions
IA Systems
IA Systems provides high-quality software solutions and services that automate
lending operations and streamline business processes for the financial services industry.
Our flagship product, StreamLend® Velocity,
provides credit unions, banks and other financial institutions with a
loan origination system that is one of the most powerful, flexible and
easy to use products in the lending industry.
About
Open Solutions Inc.
Open Solutions Inc. focuses on the financial
services marketplace by providing state-of-the-art industry specific products
and services. We provide mission critical technologies that enable our clients
across the globe to strengthen relationships, improve productivity, drive new
revenue, and reduce training and administrative costs. Our clients have grown
to include some of the largest banks, credit unions, insurance providers,
retailers and wealth management companies in the world.
Our vision, technology and service give our clients a distinct advantage over
their competition. We develop, market and support an enterprise-wide suite of
software, technology and services that includes relational core data
processing, information management, risk management, e-commerce, wealth
management, profitability tools, financial management, business intelligence,
imaging, payments, asset retention and health care savings applications. As
your technology partner, we strive to help you strengthen your relationships,
improve productivity, and reduce overall costs associated with running your
business.
At Open Solutions, we have a passion for helping our clients to better compete
in today’s ever aggressive financial services marketplace. The beauty of our
cutting-edge technology offerings is that they can be run separately or
integrated together to provide our clients with a robust, secure,
fully-featured suite of front-, middle-, and back-office applications and
tools that operate efficiently, take advantage of our open architecture and
limit the need for software customization.
18 years of streamlining business processes
Since
1991, IA Systems has developed technology to streamline business operations
and automate workflow processes for credit unions, banks and other financial
institutions.
First to market with an integrated and completely
paperless loan origination system
In
1997, IA Systems introduced its first loan origination software, StreamLend®. At the time, StreamLend was the first loan origination software to fully
integrate imaging for paperless lending, workflow and loan decision support
into a single-system solution.
Financial security & Securian
In 2000, IA Systems was
purchased by St. Paul, Minn.-based Securian Financial Group, Inc., a
privately-held organization with more than $26 billion in assets, and one of
the nation's largest independent distributors or credit life and credit
disability insurance, debt protection and other related services.
Growth & strategic Alliance
With
backing from its parent company, IA Systems began developing new products and
strategically pursued alliances with industry leaders to help advance its
commitment to providing innovative solutions to financial institutions.
Continued Growth
In 2007, Open
Solutions Inc.® saw an opportunity for growth and acquired IA
Systems. The acquisition enhances Open Solutions' position as a technology
leader by complementing its existing loan origination software. IA clients
will benefit by having full access to Open Solutions' growing technology
offerings and services.
IA Systems Today
Next- Generation Lending: StreamLend Velocity
IA Systems continues to leverage its years of experience and
knowledge, as well as client input, to advance the lending process.
With the advent of StreamLend Velocity, our flagship
product, IA Systems has created a brand-new loan origination system
for consumer, home equity and indirect lending, designed to captivate and
capture a new generation of lenders and borrowers.
StreamLend Velocity uses powerful and flexible
next-generation tools to simplify, automate and accelerate the lending
process, including: an intuitive browser-cased interface, configurable
workflow, a customizable dashboard opening-page, expansive sales channel
integration, built-in optical imaging technology for paperless lending -
including digital signatures and e-signatures, and seamless integration with
all the major core processors and third-party industry leaders.
With these tools and others, StreamLend Velocity
automates workflow, speeds credit and loan decisioning, integrates sales
channels and manages risk for financial institutions, while decreasing
operational costs and increasing loan processing efficiencies.
Recognition for products & services
Over the past several years, IA Systems has received
recognition for its innovative product and business development from groups
such as the Capital Region Center for Economic Growth, the TechConnex
software alliance, and the Rensselaer Polytechnic Institute. In 2003, IA Systems
received the “Tech Valley Tomorrow” award from the Small Business
Council of the Albany-Colonie Regional Chamber of Commerce.
IA
Systems is headquartered in Albany, NY, the heart of New York’s Tech Valley.
In 2002, IA acquired a 20,000 sq. ft., modern facility at 500
New Karner Road in Albany. Recently, IA expanded at that facility to
accommodate the growth in employees, particularly software developers, needed
for new product development made possible by recent investments and revenue
growth.
Today, we continue to grow by all measures: staff size, client
base, sales and revenue, number of strategic alliances, and number of
third-party interfaces to our core product. Contact us to see how we can work
together:
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