Open Solutions, a provider of integrated enabling technologies for financial service providers, and uMonitor, a financial solution services provider for banking customer acquisition and retention, have entered into a reseller agreement. This agreement enables Open Solutions to directly sell uMonitor’s online account opening and funding, funds transfer, account management and switch kit solutions to its financial institutions.
uMonitor’s solutions have been fully compatible with Open Solutions’ comprehensive online banking, check imaging, loan origination applications and core processing platforms for more than five years. This gives financial institutions the opportunity to key in data only once, thus making the account opening process faster and more efficient, while leaving less room for error.
David Mitchell, SVP and CMO at Open Solutions, said: “uMonitor’s online solutions provide the tools that our clients need to develop new business opportunities, and fortify relationships with existing customers. Providing such a strong tool set while also enhancing operational efficiencies is a win-win situation.”
Dinesh Sheth, CEO of uMonitor, said:”Open Solutions is a valued partner and taking our relationship to this next level should make it easier for their clients to deploy uMonitor solutions. Now banks and credit unions can leverage their deep relationship with Open Solutions and easily add online account opening, account to account transfer, switch kit and other services to achieve operational excellence.”
