November 03, 2009

Bank technology solutions provider Open Solutions and uMonitor, specialists in customer acquisition and retention for financial institutions, have entered 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 compatible with Open Solutions' suite of banking products for more than five years. This new relationship gives financial institutions the opportunity to key in data only once for a speedier, more efficient account opening process, claim the companies.

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 channels.

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