|
FOR IMMEDIATE RELEASE
Contact:
Marvin (Mickey) Goldwasser
Open Solutions Inc.
860.652.3153
mgoldwasser@opensolutions.com
Open Solutions Partners with
uMonitor to Offer Online Account Opening
and Funding Services to Financial
Institutions
GLASTONBURY, Conn.
and MEMPHIS, Tenn., March 25, 2008 -- Open
Solutions, an industry leading innovator and provider of integrated,
enterprise-wide data processing technologies for banks and credit unions
throughout the United States, Canada and other international markets, and
uMonitor, the innovative financial solution services provider for banking
customer acquisition and retention, today announced a partnership to
integrate their services to facilitate online account opening and offer
enhanced online banking services for both banks and credit unions.
Open Solutions’ clients can
easily deploy uMonitor’s uOpen & uFund™, the
online account opening and funding solution, and uTransfer™, the
account-to-account money transfer solution, with their core processing
platform, online banking service or loan decisioning system. By adding
uMonitor’s account opening and funding with switch kit service and
account-to-account money transfer service, financial institutions will
have a powerful end-to-end online delivery solution for on-boarding new
retail and commercial clients and retaining them with deeper
relationships.
“As the provider of the most
comprehensive online banking, check imaging and loan origination
applications and core platform designed for financial institutions, we
continue to look for technology that will offer our clients the highest
level of operational success,” said Mike Nicastro, SVP and CMO of
Open Solutions. “We understand that our clients place a high level
of trust in us, and we exercise great discretion in recommending
third-party solutions. After extensive due diligence and seeing the
success our common clients have experienced with uMonitor solutions, we
truly believe they are one of our best-of-breed offerings for our
clients.”
Open Solutions and uMonitor are
recognized in the industry for their superior product quality and
dedication to client service. Today, there are already more than 10
clients using offerings from both organizations. Working together with
complementary technologies, the companies will accelerate the adoption of
these new services for the benefit of their clients.
“We are delighted with this
vote of confidence by the Open Solutions team through its endorsement of
our account opening and funding service for its clients,” said
Dinesh Sheth, CEO of uMonitor. “This partnership creates unique
opportunities for both companies to address the growing demands from
financial institutions to expand online services. uMonitor has integrated
its solutions with Open Solutions for almost four years, and we believe
the timing is right for rapid deployment of our combined
offerings.”
About
uMonitor
uMonitor financial
technologies offer a wide range of online solutions specifically designed
to help financial institutions provide the most up-to-date services.
These highly configurable and customizable solutions enable financial
institutions to increase profitability, generate revenue, improve
regulatory compliance, and improve employee productivity while reducing
costs. uMonitor solutions include uOpen and uFund™ - Account Setup
and Online Funding, uSwitch™ - the integrated as well as stand
alone Switch Kit, uTransfer™ - account to account Funds Transfer
Service, uPresent™ - the Bill Presentment and Payment Solution,
uView™ - the Premium Account Aggregation Service, uDocument™
- the Document Management System, uAdvise™ - the Client
Relationship Management solution, and other services.
For more information, please visit www.umonitor.com or contact Gillian
Smoot at gsmoot@umonitor.com or
by phone at 901.757.1212, ext.7115.
About Open
Solutions Inc.
Open Solutions Inc. offers a fully
featured strategic information management product platform that
integrates core data processing applications built on a single
centralized Oracle relational database, with Internet banking, cash
management, CRM/business intelligence, financial accounting and
management tools, profitability tools, wealth management, imaging,
digital documents, interactive voice response, network services, HSAs,
payments and loan origination solutions. Open Solutions’ full suite
of products and services allows banks, thrifts, credit unions and financial
services providers in the United States, Canada and internationally to
better compete in today’s aggressive financial services
marketplace, and expand and tap their trusted financial relationships,
client affinity, community presence and personalized service.
For more information about Open
Solutions or its financial product line, contact Mickey Goldwasser by
email at mgoldwasser@opensolutions.com
or by phone at 860.652.3153 or via fax at 860.652.3156. Visit Open
Solutions’ Internet site at www.opensolutions.com.
Open Solutions Inc. is a registered
trademark of Open Solutions Inc. All other company and product names may
be trademarks of their respective owners.
###
To ensure
delivery to your inbox,
please add pressreleases@opensolutions.com
to your address book.
Copyright ©2008 Open Solutions Inc. All rights
reserved.
|