Partnership formed from trust placed in the decades of fintech experience held by the team at Open Banking Solutions
BOCA RATON, Fla., Aug. XX, 2025 /PRNewswire/ Open Banking Solutions (“OBS”) — an advanced, cloud-based core and digital banking solution designed to give community-based financial institutions a competitive edge in the rapidly evolving landscape — is proud to announce the signing of Watertown Municipal Credit Union as a new client, joining the OBS family.
Watertown Municipal Credit Union is a 90-year-old community credit union that has proudly served the community for the past 90 years. As the premier credit union in their market, they are known for their white glove service and financial stability.
Through this partnership, Watertown Municipal Credit Union will finally run business on an integrated cloud-based core banking platform with a full, comprehensive suite of solutions that covers digital banking, digital account opening, digital ledger, collections, and a business intelligence suite.
Key benefits include:
● New financial services
● State of the art technology
● Futureproof the technology future of the credit union
● Staying relevant in the digital era: Leverage a low-code platform to innovate quickly and cost-effectively, ensuring relevance and competitiveness in an ever-evolving landscape.
● Breaking free from legacy systems: Overcome the limitations of outdated technology and rigid contracts with scalable and cost-effective cloud solutions.
● Seamless mobile integration: Gain access to turnkey mobile solutions that deliver an intuitive, user-friendly experience which empowers members to manage their finances anytime, anywhere.
“Our partnership with OBS allows us to finally address critical pain points that have constrained our growth for years. Through OBS’ advanced core banking platform, we hope to securely and cost-effectively provide top-end services to our existing client base,” says Kyle Markland, CEO of Watertown Municipal Credit Union.
About Open Banking Solutions
Open Banking Solutions is an advanced, cloud-based core and digital banking solution designed to give community-based financial institutions a competitive edge in the rapidly evolving landscape. Launched in the US, in February 2023, the platform boasts a robust cloud core processor that can streamline workflows and scale with the businesses as they grow. Open Banking Solutions is a full featured core banking platform that includes integrated state of the art digital banking, digital account opening of all product types, workflow engine, management dashboards and reporting, loan collections, G/Land Open Banking ready APIs. It can integrate with businesses through industry shattering flexible and commercially friendly contracts. This next generation full suite of solutions is built by a team of experts with over a century of experience serving community-based financial institutions.
About Watertown Municipal Credit Union
The Mission of the Watertown Municipal Credit Union is to serve the employees of Watertown and their families by offering high quality financial products and services. The Watertown Municipal Credit Union shall protect its member’s financial assets through a conservative management style that pays high rates on shares and charges reasonable interest rates on loans. This style will not be profit-oriented but will seek to ensure the financial stability of the Credit Union. The Board, management and staff of the W.M.C.U. are committed to the highest professional conduct and ethical standard.
Media Contact or Inquiries:
Chris Wenning
cwenning@openbankingsolutions.com