uOpen & uFund

uOpen & uFund^® is an online account opening and funding solution with switch kit that automates the setup of new accounts (deposit, saving and loan accounts), improving application completion rates, regulatory compliance, back office efficiencies and customer satisfaction. uOpen & uFund^® leverages the online channel to onboard new customers and increase deposits, providing brick and mortar services to customers - 24 x 7. uOpen & uFund^® is also available for the branch and call center to streamline the account opening process in all channels, reducing costs and increasing back office efficiencies.

 

The uMonitor Online Account Opening and Funding solution makes it simple and safe for financial institutions to offer direct banking services. uOpen & uFund^® provides an end-to-end solution with full workflow automation to open and fund accounts in real time. With a fully configurable and customizable web user interface, customer experience is delightful and results are outstanding. uOpen & uFund^® makes it easy to open accounts, validate and authenticate an applicant's identity and switch customer's existing financial relationships.

 

uOpen & uFund^® helps financial institutions meet the USA Patriot Act, Section 326 regulation requirements, that all financial institutions implement a Customer Identification Program and also meet FACT Act Section 326 Red Flag requirements. This solution validates identification information and reduces fraud with an efficient compliance process. It also enables financial institutions to integrate their own decision logic to optimize cross-selling and up-selling opportunities, making them their customers' primary financial institution.

 

uOpen & uFund^® takes this solution to the next level of sophistication with the uMonitor Management Console and uMonitor Branch Console, which provides the financial institution's back office staff the ability to manage applications and improve customer relationships. These Consoles provide valuable tools to the financial institution for managing applications, back office staff, branches and products. Powerful reports and analytics aid in providing the best services to customers.

 

 

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