uMonitor software solutions support aggressive financial growth goals

MEMPHIS, Tenn., February 10, 2010 - uMonitor, a provider of innovative financial software solutions for customer acquisition and retention operational excellence, today announced that Pennsylvania-based New Century Bank has selected its uOpen & uFund^® solution with switch-kit for consumer and business accounts.

uOpen & uFund^® is an online account opening and funding solution that enables a bank to streamline the workflow for on-boarding customers for both personal and business accounts and improving application completion rates, regulatory compliance, back office efficiencies and customer satisfaction. Automating business and consumer account opening and funding processes on a single platform gives a bank the infrastructure to sustain rapid growth by taking the bank to its customer.

"We strive to give both our business and traditional customers the best possible personal service, while also providing them with the products and options they need to be successful," said Jim Collins, Senior Vice President of New Century Bank. "The uOpen & uFund^® solution allows us to provide services, products and financial support through all channels, at any time. We selected uMonitor because of its proven industry record of accomplishment. The uOpen & uFund^® solution will help us raise our benchmark for sales and service while supporting our aggressive growth goals.

"New Century Bank has built a solid foundation based on its experienced management team and its commitment to exceed customers' expectations," Dinesh Sheth, CEO of uMonitor, said. "The uOpen & uFund^® solution, preferred by leading financial services institutions for both business and consumer accounts, will help New Century Bank reach aggressive financial growth goals while continuing to improve already superior service, which is consistent with New Century Bank's progressive nature and banking leadership."

About New Century Bank
A locally owned, privately held company with assets of over $352 million, New Century Bank provides a full range of banking services to small and medium-sized businesses, professionals, individuals and families through five banking offices in and around Chester and Delaware Counties, Pennsylvania. New Century Bank is focused on serving Southeastern Pennsylvania markets with a growth strategy that includes strategically placed branches throughout the market area and continually expanding the portfolio of loans to small businesses and consumers.
For more information visit New Century Bank online at www.newcenturybank.com or call 610-933- 2000.

About uMonitor - Parsam Technologies
uMonitor offer a wide range of online solutions specifically designed to help financial institutions provide the most up-to-date services. These highly configurable and customizable solutions enable financial institutions to increase profitability, generate revenue, improve regulatory compliance, improve employee productivity while reducing costs and delight customers. uMonitor solutions include New Account Setup and Online Funding with Switch Kit, New Loan Application Processing, Funds Transfer Service, Bill Presentment and Payment Solutions, Premium Account Management Service, Advisor-Client Relationship Management, and other services. The company's growth and success were recognized by its inclusion on the Inc. 5000 list in 2008 and 2009.