Open Banking Solutions

What Open Banking Solutions does

Open Banking Solutions (OBS) is a Boca Raton, Florida-based fintech company founded in February 2023 that delivers cloud-native SaaS core banking and digital transformation platforms primarily to community-based financial institutions, credit unions, and fintechs across the United States and Latin America. The platform centers on CloudCore™, a fourth-generation low-code core banking solution built on Oracle Apex and supported by over 1,800 REST-based APIs, handling deposits, treasury, lending, commercial operations, and general ledger with stated 99.95% uptime. A modular suite surrounds the core: Digital Banking (mobile/online banking with an AI chatbot that resolves approximately 85% of inquiries), Collector (AI-powered collections with predictive dialing and payment-arrangement recommendations), SmartBI (AI-driven analytics and regulatory reporting automation), Digital Account (real-time account opening and eDocument workflows), and CloudCore2 (a headless core serving fintechs in embedded finance, BNPL, payments, and digital lending).

The company is a portfolio company of Black Dragon Capital, the private equity firm founded by Louis Hernandez Jr., who previously created the DNA Platform at Open Solutions. OBS monetizes through subscription SaaS contracts with flexible month-to-month terms and approximately 10-week implementation. Distribution is driven by enterprise field sales, the CCG Catalyst consulting partnership, a flagship SchoolsFirst FCU engagement, and participation in Money 20/20 and America's Credit Unions GAC. CEO Joe Lockwood (former President and COO of COCC) joined in October 2024 to spearhead US market entry following the company's October 2024 Money 20/20 debut. The platform claims 25 years of operational evolution and serves 120+ clients across 15+ countries, with regional offices in Panama, Costa Rica, and the Dominican Republic supporting LATAM operations. In August 2025, Black Dragon Capital made a strategic investment in OBS as part of its FinTech Fund focus on credit unions and community-based financial institutions.

Name

Open Banking Solutions

Legal name

Open Banking Solutions

Website

https://openbankingsolutions.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Open Banking Solutions provides cloud-native SaaS core banking (CloudCore) plus digital banking, AI-powered collections, and business intelligence modules primarily to community banks, credit unions, and fintechs in the US and Latin America.

Ownership category

akta.pro rank

Product category

Core Banking Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Finance Services (6199)

akta.pro primary industry

Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts) (FSAGAAAC)

akta.pro secondary industries

Open Banking, Account Aggregation & Payment Initiation APIs (BPAMAFAJ), Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD), Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), Alternative Data & Credit Scoring (Cashflow, Telco, Utility, Open Banking) (FSAGAHAC)

Keywords

• Core banking software
• Digital banking platform
• Open banking APIs
• Banking-as-a-service
• AI collections software

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. SaaS Core Banking Subscription: Cloud-based subscription model for core banking services including CloudCore platform access, support, and updates. Month-to-month and annual contract options available with flexible terms.
2. Digital Banking Services: Subscription-based digital banking platform providing mobile and online banking capabilities as an integrated or standalone solution.
3. Collector (Collections Solution): AI-powered collections management solution delivered as part of integrated suite or standalone subscription.
4. SmartBI (Business Intelligence): Business intelligence and reporting platform as a service with data analytics and regulatory reporting automation.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Open Banking Solutions provides a cloud-native SaaS core banking platform (CloudCore) and integrated digital banking, collections, business intelligence, and account opening modules for community-based financial institutions, credit unions, and fintechs. The platform is powered by Oracle Apex with a low-code/no-code architecture and exposes over 1,800 REST-based APIs for open banking integration.

Product overview

Open Banking Solutions is a unified platform-plus-modules architecture providing cloud-based core banking and digital transformation solutions for community-based financial institutions and credit unions. The core product is CloudCore™, a proven SaaS cloud-based core banking system powered by Oracle Apex that serves as the foundation for the entire portfolio. This core platform is complemented by integrated modules: Digital Banking (turnkey mobile/online banking with AI chatbot), Collector (AI-powered collections management), SmartBI (business intelligence and reporting), and Digital Account (account opening and onboarding). A separate sub-brand, CloudCore2, targets fintech companies with a headless core banking platform. The platform leverages over 1,800 REST-based APIs enabling open banking connectivity and third-party integrations. The company (formerly Ladonware) has 25 years of operational history across 15 countries serving 120+ clients.

Differentiator

Problem solved

Functional benefit

Brands

• CloudCore: The industry's only proven SaaS cloud-based core banking solution powered by Oracle Apex, offering scalable and cost-effective cloud processing for financial institutions.
• Digital Banking
• Collector
• Smart BI
• Digital Account
• CloudCore2

Products and services

• CloudCore SaaS cloud-based core banking platform powered by Oracle Apex that delivers deposits, treasury, lending, commercial operations, and general ledger management with over 1,800 REST-based APIs and 99.95% uptime for community banks, credit unions, and commercial banks.
• Digital Banking Turnkey digital banking platform delivering mobile-first, intuitive customer experience across desktop, mobile, and app with AI chatbot handling 85% of inquiries, bill pay, transfers, secure messaging, and multi-language/multi-currency support.
• Collector AI-powered cloud-based debt collection solution that mitigates delinquency risk through automated reminders, predictive dialing, payment arrangement recommendations, and customizable workflows for repossession, foreclosure, disposition, and bankruptcy management.
• SmartBI 360-degree Business Intelligence platform providing data-as-a-service with customizable dashboards, KPI management, scenario simulation tools, ETL capabilities, and automated regulatory reporting powered by AI-driven analytics.
• Digital Account Digital account opening solution enabling seamless, secure account creation with real-time verification, mobile-ready workflows, eDocuments, and support for individual/joint accounts and custom account types.
• CloudCore2 Headless core banking platform designed for fintechs requiring bank-grade capabilities, featuring 15,000+ open data fields, real-time processing, multi-version API support, and SaaS cloud-native architecture processing millions of accounts daily and supporting billions in assets.

Quantifiable outcome

• 5-10x faster feature deployment compared to legacy core systems
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability7 records

Feature8 records

Partnerships

Four partnerships are on record, tiered minor, core and flagship.

• PayOnwardminorOthers · 20 August 2025PayOnward received co-investment from Black Dragon Capital alongside Open Banking Solutions. Both fintech companies provide solutions tailored to drive innovation and eliminate obsolete infrastructure for credit unions.
• CCG CatalystcoreStrategic or Co-development Partner · 15 April 2025Strategic partnership with leading banking consulting and research advisory firm CCG Catalyst to identify innovative financial technologies that solve critical needs for community banks and credit unions. The partnership leverages CCG Catalyst's strategic guidance on core and digital technology, payments, migration, and transformation.
• SchoolsFirst FCUflagshipStrategic or Co-development PartnerStrategic partnership with SchoolsFirst Federal Credit Union focused on innovative fintech solutions. This is part of Black Dragon Capital's broader effort to establish partnerships with credit unions and empower the credit union industry.
• OraclecoreTechnology or IntegrationTechnology partnership using Oracle Apex for cloud platform development and Oracle Cloud for hosting. OBS leverages Oracle database for robust data capabilities and reporting.

Scale indicators9 records

Recent moves8 records

Expansion highlights7 records

Broad incumbents

• FIS (Fidelity National Information Services): One of the largest core banking and financial software vendors globally. Overlaps with OBS on core processing, digital banking, and open-banking APIs but serves a much broader bank-client base including Tier 1 institutions.
• Fiserv: Major core and digital banking platform provider (DNA, Signature). Direct overlap with OBS's CloudCore value proposition in deposits, lending, and digital channels, but at significantly larger scale.
• Jack Henry & Associates: Core, digital, and payments technology vendor focused heavily on community banks and credit unions — OBS's primary segments. A direct overlap on buyer profile and product scope, with much broader scale.
• Finastra: Large financial software provider with core, lending, digital, and open-banking solutions. Overlaps with OBS's modular suite (core, digital, BI) and its 1,800+ API open-banking thesis.

Direct peers

• COCC: Core-banking service bureau serving community banks and credit unions; CEO Joe Lockwood is COCC's former President/COO. Closely comparable in target market, product scope, and cultural DNA to OBS.
• Temenos: Global core banking software vendor with cloud-native and SaaS offerings (Temenos Banking Cloud). Competes with OBS for digital transformation deals, especially in international and growth markets.
• Q2 Holdings: Digital banking and lending platform vendor focused on community banks and credit unions. Direct overlap with OBS's Digital Banking and digital account opening modules.

Emerging players

• Thought Machine: Cloud-native core banking vendor (Vault) targeting Tier 1 and challenger banks. Competes with OBS for greenfield core modernization, especially where SaaS and API-first architecture are key selection criteria.
• Mambu: Cloud-native core banking platform popular with fintechs, neobanks, and embedded finance providers. Closely comparable to OBS's CloudCore2 (headless core for fintechs) offering.
• nCino: Cloud banking platform focused on commercial and retail lending workflows. Adjacent competitor to OBS's lending and digital account opening capabilities, especially in the credit-union segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/open-banking-solutions
• Facebookfacebook.com/OpenBankingSolutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Open Banking Solutions