Open Banking Solutions × Credit Union Shared Services
Cloud Core Processing
Without The Lock-In
A modern core processor for credit unions and community banks, on month-to-month terms with no penalties. Built by the team behind the DNA™ core.
Why institutions are switching
Your Core Contract Shouldn't Outlive Your Strategy.
Core contracts renew quietly and cost the most to leave. OBS CloudCore is a cloud-native core banking platform built on Oracle APEX and run as SaaS, so your team manages operations, not infrastructure.
No Long-Term Lock-In
Month-to-month terms without penalties mean your core provider keeps earning your business every month.
Lower Operating Cost
No on-site servers to run. OBS manages the platform, the redundancy and the upgrades.
Your Data, Open
REST APIs expose more than 1,800 data elements, so fintech and third-party tools plug in without a vendor toll gate.
How it compares
Legacy Core vs. OBS CloudCore
Typical legacy core
- Multi-year agreements that auto-renew
- Exit fees if you leave early
- On-site or vendor-hosted infrastructure
- Data access gated by the vendor
- Add-on software for debit card management
OBS CloudCore
- Month-to-month terms available
- No penalties for leaving
- SaaS, managed by OBS, 99.95% availability
- Open REST APIs with 1,800+ data elements
- Debit card management built into the core
Legacy terms are illustrative and not specific to any vendor. OBS figures as published by Open Banking Solutions.
Core banking features
One Core. Credit Unions And Community Banks.
CloudCore already runs at commercial banks, thrifts and credit unions. Deposits, lending, teller, treasury and general ledger are all in one system.
For Credit Unions
- Share accounts and dividend management
- Committees and member education
- Member onboarding and 360° member profiles
- Paperless loan origination with eSign, integrated with Origence Arc OS
- Turnkey mobile and digital banking
For Community Banks
- Deposits, commercial and consumer lending
- Integrated accounting, treasury and GL
- Teller platform with multi-currency support
- In-core debit card management
- AI-driven collections and BI with automated regulatory reporting
Who's behind it
Built By The Team That Brought DNA™ To Market
OBS founder and chairman Louis Hernandez Jr. led Open Solutions when it launched the DNA platform. CEO Joe Lockwood was previously President and COO of COCC.
Integration partners
How it works
Three Steps. No Sales Gauntlet.
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01
Request An Introduction
Share your name, contact details and institution. It takes under a minute.
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02
A Short Call With CUSS
We confirm fit and timing, then make a warm introduction to OBS.
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03
See A CloudCore Demo
Review the platform and the month-to-month terms directly with OBS.
FAQ
Replacing Your Core Processor
What is a core processor?
A core processor, or core banking system, is the system of record behind a credit union or bank. It runs accounts, deposits, loans, transactions and the general ledger, and every other system connects to it.
Is there a core processor without a long-term contract?
Yes. Open Banking Solutions offers its CloudCore platform on month-to-month terms without penalties, instead of the multi-year agreements common with legacy core providers.
Does OBS CloudCore work for credit unions?
Yes. CloudCore includes credit-union-specific features such as share accounts, dividend management, committees and member education, and it runs at credit unions today.
Does it work for community banks?
Yes. CloudCore runs at commercial banks and thrifts, with deposits, commercial lending, treasury, GL and debit card management in one platform.
Is CloudCore hosted in the cloud?
Yes. It's a SaaS core built on Oracle APEX and managed by OBS, with redundant infrastructure and 99.95% availability.
When should we start evaluating a new core?
Well before your current contract's renewal notice deadline, since many core agreements renew automatically. Share your contract end date and we'll help you plan the timing.
How does the introduction work?
Credit Union Shared Services (CUSS), from Mitchell Stankovic & Associates, is an Open Banking Solutions partner. After a short call to understand your institution, we connect you directly with the OBS team for a CloudCore demo.
Request an introduction
See If CloudCore Fits Your Contract Timeline
Share a few details and we'll follow up to set up your introduction to Open Banking Solutions.