BANKDetect selects uMonitor for financial services

uMonitor and BANKDetect announced a partnership on integration of their services for financial services clients. BANKDetect will incorporate ID verification with uMonitor’s online account opening and funding solution, uOpen & uFund®. This will assist uMonitor in meeting all necessary requirements recently set by the government. 

Both of the companies can integrate with all major core processors, such as Open Solutions, which companies are partnering with currently. The processor allows Open Solutions’ clients to deploy uOpen & uFund and BANKDetect’s solutions quickly, as they are already joined together with their core processing platform, online banking service and loan decisioning system. 

 Karen Cofod-Smith, executive vice president of BANKDetect commented on the partnership by saying that “uMonitor shares in our vision to provide cost effective, automated solutions for community banks and credit unions.” He added that now “financial institutions have all the information they need to proceed with additional analytics and anti-money laundering processes.”