Enables Open Solutions to offer Cetos programs to more than 4,500 clients throughout North America.

Open Solutions Inc, a webhosting company and Ceto and Associates, a financial solution provider, announced last week that they formed a strategic partnership that will enable open Solutions to offer cetos programs to its more than 4,500 clients throughout North America.

According to the company, the deposit reclassification enables financial institutions to restructure transaction accounts, thereby,
converting non-interest earning reserve requirements into interest earning assets. The process increases pre-tax profits by an average of $1 million.Ceto cash calculator, a Web-based branch tool that
enables financial institutions to manage vault cash especially in a low-reserve environment, is another valuable program.  

Douglas Ceto, Executive Vice President of Ceto and Associates, said, "More than 1,000 financial institutions nationwide have currently implemented Ceto's Deposit Reclassification program. The opportunity to further our reach through a strategic partnership with a leading industry provider such as Open Solutions is exciting.We thrive on our dependable reputation and the referrals we receive from trusted industry partners."

Ceto continued, "Providing financial services in today's business environment is very competitive and we look forward to working with Open Solutions, its clients and future clients to provide financially focused programs to help them operate more productively."