Open Solutionsâ clients can easily deploy uMonitorâs uOpen & uFundâ¢, the online account opening and funding solution, and uTransferâ¢, the account-to-account money transfer solution, with their core processing platform, online banking service or loan decisioning system. By adding uMonitorâs 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.
âAs 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,â said Mike Nicastro, SVP and CMO of Open Solutions. âWe 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.â
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.
âWe 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,â said Dinesh Sheth, CEO of uMonitor. âThis 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.â