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 — has announced its Partnership with GenAspire, the teen banking solution formerly known as Copper Banking.

GenAspire partners with Credit Unions to provide schools around the country access to innovative, hands-on tools that turn complex financial concepts into relatable, interactive experiences. Their team connects teens and young adults with their first bank account, meets them where they are at through digital banking services, provides them with financial literacy, and empowers them to dream big and achieve financial independence. 

Open Banking Solutions is led by the team that built community-focused financial solutions like the DNA Platform. These are fintechveterans who have proven experience in building successful solutions that have created positive impact within the industry.

Early this year, OBS also launched tailored digital services for Community Banking Institutions and Credit Unions.

With GenAspire selecting OBS as their next generation core platform, credit unions will now be able to operate more efficiently with a low-code, cloud-based, end-to-end core banking solution through OBS while optimizing their services to meet the needs of the next generation of members through GenAspire.

This partnership addresses two key pain points for the credit union industry: the diminishing number of members coming from the younger demographic and the reduced ability to innovate and grow due to the prevalence of legacy solutions that offer limited scalability.