19 July 2018
Visit www.avoka.com

UMonitor and BankDetect integrate services

21 January 2009  |  1987 views  |  0 Source: uMonitor

uMonitor, the innovative financial solution services provider for banking customer acquisition and retention, and BankDetect, a knowledge-based technology company that focuses on loss prevention and compliance for the financial industry, today announced a partnership to integrate their services for financial services clients.

BANKDetect will incorporate ID verification (name, address, phone, zip, SSN, etc.,) including "red flags" compliance (indicators of possible risk of identity theft) with uOpen & uFund, uMonitor's online account opening and funding solution. This will enable uMonitor to meet all necessary regulatory compliance requirements as recently set forth by the government.

BANKDetect and uMonitor can integrate with all major core processors. Currently, both companies partner with Open Solutions, which allows Open Solutions' clients to quickly deploy uMonitor's uOpen & uFund and BANKDetect's solutions, as they are already integrated with their core processing platform, online banking service and loan decisioning system.

"We are delighted to integrate BANKDetect's cost effective compliance solutions in our industry leading online account opening and funding service," said Elaine Gieszler, director of channel management for uMonitor. "Financial institutions want to enhance operational efficiencies for onboarding new customers; our partnership with BANKDetect will make this possible by accelerating the deployment of uOpen and uFund services.

"uMonitor shares in our vision to provide cost effective, automated solutions for community banks and credit unions," added Karen Cofod-Smith, executive vice president of BANKDetect. "With ID verification and red flags signaled instantly during the account opening and funding process, financial institutions have all the information they need to proceed with additional analytics and anti-money laundering processes."

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit info.nice.comVisit https://secure.vasco.com

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
11354 views comments | 5 tweets | 7 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
9975 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9603 views comments | 6 tweets | 15 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9099 views 19 comments | 14 tweets | 30 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
8626 views comments | 9 tweets | 17 linkedin

Featured job

Competitive base, double ote, benefits
New York City, NY - USA

Find your next job