Open Solutions Inc. and uMonitor said more than 20 financial institutions are now using their integrated services.
The companies announced last spring that they were offering uMonitor's account opening, funding and transfer solutions as an integrated part of Open Solutions' core processing, online banking, check imaging and loan origination solutions.
Users of the combined solutions include the $598 million Meritrust Credit Union in Wichita, Kan., and the $185 million CDC Federal Credit Union in Atlanta.
The combined solutions provide an end-to-end online delivery solution for on-boarding new clients while retaining existing clients with deeper relationships, the companies said.
"Our clients need solutions that provide new business opportunities as well as operational efficiencies. uMonitor's solutions, coupled with our easy-to-integrate open technology, can help clients maintain a competitive edge in a quick and easy manner," said David Mitchell, chief marketing officer at Open Solutions in Glastonbury, Conn.
Dinesh Sheth, CEO of uMonitor in Memphis, said, "Our two companies bring an array of trusted and proven solutions that help banks and credit unions flourish by improving operational efficiencies, bringing in more deposits, originating more loans, switching more relationships and ultimately becoming their primary financial institution."
The companies announced last spring that they were offering uMonitor's account opening, funding and transfer solutions as an integrated part of Open Solutions' core processing, online banking, check imaging and loan origination solutions.
Users of the combined solutions include the $598 million Meritrust Credit Union in Wichita, Kan., and the $185 million CDC Federal Credit Union in Atlanta.
The combined solutions provide an end-to-end online delivery solution for on-boarding new clients while retaining existing clients with deeper relationships, the companies said.
"Our clients need solutions that provide new business opportunities as well as operational efficiencies. uMonitor's solutions, coupled with our easy-to-integrate open technology, can help clients maintain a competitive edge in a quick and easy manner," said David Mitchell, chief marketing officer at Open Solutions in Glastonbury, Conn.
Dinesh Sheth, CEO of uMonitor in Memphis, said, "Our two companies bring an array of trusted and proven solutions that help banks and credit unions flourish by improving operational efficiencies, bringing in more deposits, originating more loans, switching more relationships and ultimately becoming their primary financial institution."
