Hyperion Bank Selects Open Solutions’ DNA
— Open Solutions Client Selects DNA Platform for Enhanced Customer Service, Higher Efficiency and
Improved Performance —
April 04, 2011 09:19 AM Eastern Daylight Time
GLASTONBURY, Conn.--(EON: Enhanced Online News)--Hyperion Bank in Philadelphia, Pa., announced it has
selected Open Solutions’ DNA™, for enterprise-wide, relational core processing. Open Solutions is a leading
provider of integrated enabling technologies for financial service providers throughout the United States, Canada and
other international markets.
Hyperion Bank opened its doors in 2006. Its single branch manages more than 3,000 accounts and $91 million in
assets. The bank is located in the Northern Liberties neighborhood and provides a full range of financial services to
customers and merchants. It is the first community bank to locate in an urban section of Philadelphia in more than 20
years, and chose the location because of the extensive redevelopment and revitalization of the community. Providing
high-quality services to its customers enables the bank to contribute to the rejuvenation of the neighborhood and,
according to the bank, a sophisticated and flexible core technology system will not only increase its level of customer
service, but also provide the institution with the ease of use and accuracy needed to enhance performance.
“With Hyperion Bank’s decision to upgrade to Open Solutions’ DNA platform, we will be able to improve
efficiency in our branch. The new system reduces the time spent on employee training, is user-friendly and provides
our employees with the information needed to better serve our customers,” said Wayne Hardenbrook, CFO of
Hyperion Bank. “The products are well-suited to support community banks like Hyperion, and will allow our branch
to reach a higher level of proficiency and perform at an overall higher level.”
In addition to the upgrade to DNA, Hyperion Bank also chose to implement the Financial Accounting Suite (FAS),
Maxxar voice response system, Electronic Funds Transfer and item processing solutions including tMagic teller
capture and remote deposit capture, modules that will allow them to improve productivity and provide greater
convenience to customers.
Open Solutions’ advanced DNA platform uses .NET technology and capitalizes on the strength of the company’s
unique data model built on a centralized Oracle® relational database to support customer-centric servicing, while
greatly enhancing flexibility and productivity. Available as an in-house or outsourced solution, DNA helps financial
institutions streamline both front- and back-office processes and creates a single, centralized view of customers.
Hyperion Bank will implement DNA in an outsourced environment through Open Solutions’ own world-class Global
“By selecting Open Solutions’ DNA platform, Hyperion Bank will have the tools to improve service to this vital
Philadelphia area, further differentiating themselves as an organization committed to serving their local community,”
said Louis Hernandez, Jr., chairman and CEO of Open Solutions. “We look forward to continuing to work with
Hyperion Bank, building on this long-lasting relationship.”
About Open Solutions Inc.
Open Solutions Inc. offers a fully featured strategic product platform that integrates core data processing built on a
single centralized Oracle® relational database, with Internet banking, cash management, CRM/business intelligence,
financial accounting tools, imaging, digital documents, check/deposit capture, wealth management, interactive voice
response, technology services, 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.
OPEN SOLUTIONS INC.® is a registered trademark of Open Solutions Inc. Third-party names and marks are the
property of their respective owners. © 2011 Open Solutions Inc. All rights reserved.
About Hyperion Bank
Hyperion Bank is a Pennsylvania-chartered commercial bank serving the neighborhoods of Northern Liberties,
Fishtown, Olde Kensington and Kensington South located in the City of Philadelphia and serving the surrounding
counties of the Greater Delaware Valley.
Hyperion Bank serves the general commercial and retail banking needs of its market by providing superior customer
service and products that are responsive to the local community. With a full array of commercial banking products
and services and an emphasis on lending to developers, small- to mid-sized businesses and professionals, Hyperion
bank offers responsiveness, flexibility and local decision making for loan applications thereby eliminating delays
caused by non-local management. Hyperion Bank also offers traditional types of demand, savings and time deposits,
as well as Individual Retirement Accounts.
Editor’s Note: The correct usage of the company name, Open Solutions Inc., is either referring to it as Open
Solutions Inc. or Open Solutions. Open Solutions no longer uses the acronym of OSI to refer to the company.
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