Albany, NY, August, 2007 – IA Systems, an Open Solutions company and a provider of lending software and services for financial institutions, announced strong, strategic growth with
its browser-based loan processing solution, StreamLend® Velocity. Highlights include becoming a part of Open Solutions, a leading provider of integrated enabling technologies for financial institutions in the United States, Canada and other international markets, and a partnership with Rhode Island-based Andera, a leader in integrated account opening technologies for retail financial institutions.
“We continue to expand the reach of StreamLend Velocity in order to meet and exceed industry demands,” said Dave Van Pelt, VP and CTO, IA Systems. “We believe it is a testament
to offering a true end-to-end, customizable and open solution. For more than 18 years IA Systems has been devoted to improving the industry with collaborative solutions that improve the lending process. We are proud to help lead the marketplace into a new lending era as we approach a paperless, efficient loan process that can adjust to meet the needs of any size financial institution.”
Among other significant accomplishments, Glendale, Calif.-based California Credit Union, with more than $1 billion in assets and one of the largest credit unions in the U. S, began
live operations with StreamLend Velocity. The credit union marked IA Systems’ first go-live with Internet QuikQuote (iQQ©) automating the quoting and fulfillment process for GAP and MBP.
Denver-based Bellco Credit Union, with157,000 members and $1.61 billion in assets and Oregon-based First Technology Credit Union having more than $1.5 billion in assets and
136,000 members were among the other credit unions to go live on StreamLend Velocity.
St. Joseph, Mich.-based United Federal Credit Union, and Warren, Mich.-based METRO Credit Union were among the other credit unions to select StreamLend® Velocity in the second quarter.

About IA Systems
IA Systems provides high-quality software solutions and services that automate lending operations and streamline business processes for the financial services industry.  Their 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. offers a fully featured strategic 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 tools, imaging, digital documents, Check 21, interactive voice response, network services, Web hosting and design, payments and loan origination solutions. Open Solutions’ full suite of products and
services allows banks, thrifts, credit unions and financial services providers in the worldwide 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 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 2007.
Open Solutions Inc. All rights reserved.

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