Open Solutions, a leading provider of integrated enabling technologies for financial service providers 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 reseller agreement at BAI's Retail Delivery Conference and Expo.
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. The companies' long-term, strategic partnership has resulted in more than 25 financial institutions benefiting from their integrated services.
As part of the new agreement, Open Solutions will resell all three deployment options for uOpen & uFund: the Go-to-Market Solution (GS), the Plus Solution (PS) and the Total Solution (TS). This will give bank and credit union clients the flexibility to implement the option that works best for their respective business strategies. Open Solutions offerings will include uTransfer, uView and uSwitch to expand self-service delivery channel.
"Community banks and credit unions have a very real opportunity to grow and expand in today's marketplace," said David Mitchell, SVP & CMO, Open Solutions. "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."
"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," explained Dinesh Sheth, CEO of uMonitor. "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 acachieve operational excellence. All provided by from their trusted partner through this relationship for maximum success."