Ladonware, a global leader in cloud solutions for the financial services community, announced the change of its corporate name to ‘Open Banking Solutions.’ The Company’s new brand identity reflects the significant member-experience updates that have already gone into effect across its platform. These enhancements better address the accelerated digital transformation within the US banking and finance industry and focus on the unique needs and interest of its members. Especially as US credit unions and community banks are in a state of need for modern core technology, Open Banking Solutions is better connecting consumers, small businesses, devices, and financial institutions with transparency, security, and a refreshed digital experience.
“Service is everything. We live in a mobile-driven and digital world, where providing trusted, open and seamless access to customers’ financial and banking services are no longer a strong benefit, but a cultural and business mandate to stay relevant, successfully compete and support customers,” said Open Banking Solutions CEO Ignacio Blanco. “Our new brand identity is the culmination of an enhanced strategic approach and commitment to helping community banks and credit unions rapidly transform, while delivering an outstanding customer experience and breadth of open services.”
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While Open Banking Solutions has a new name, its business pedigree runs deep and represents the evolution of solutions first offered by Open Solutions, with its revolutionary DNA core processing platform, and Payveris. The Company provides SaaS based cloud native, openly integrated solutions for the financial industry based on a proven, highly functional, fully scalable core system. Solutions are multi-lingual and have multi-currency capabilities. The product suite includes an award-winning feature-rich collections solution, a state-of-the-art AI inclusive digital banking platform, analytics, and other services as part of a comprehensive ecosystem. To-date, Open Banking Solutions has helped hundreds of clients in more than 15 countries, a third of which are in the US, with their digital transformation and technology modernization efforts.
“The market is rapidly growing for Open Banking Solutions as the company becomes a driving force of digital transformation for the financial services community,” said Louis Hernandez Jr., Open Banking Solutions Chairman of the Board. “And while digital technologies are reshaping the entire finance industry, making many economies and offerings more diverse, competitive, and efficient – it is also showcasing the digital experience gap and market need for credit unions, community based, and medium-size financial institutions and how they engage with their members and customers. The timing is right for Ignacio and his team to effectively rebrand as the company enters its next phase of growth and development with a steadfast commitment to helping small and medium size financial institutions fight to maintain their relevance and become a true partner on their client’s digital transformation journey.”
“The Board of Open Banking Solutions is highly respected in the financial services technology industry and known for the successful deployment, and mass adoption, of core banking in the US market,” said Blanco. “We’re excited to bring together our C-Suite and Board of Directors to power the next phase of growth for our customers.”
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