The uMonitor uOpen & uFund™ solution makes it easy for financial institutions’ customers to setup new deposit accounts, get credit cards and complete loan applications online. It helps financial institutions meet the USA Patriot Act, Section 326 regulation requirements, that all financial institutions implement a Customer Identification Program. You can improve your customer relationships and reduce the cost of processing each application. You can integrate the ability to fund a new account online in a highly secure way. You can significantly improve the account acquisition process.

This application validates identification information and reduces fraud with an efficient compliance process.
You can integrate your own decision logic and create powerful cross-selling and up-selling opportunities.

Benefits to Financial Institutions:

  •   Allow customers to open accounts 24 x 7.
  •   Uniform process through all delivery channels – online, call center and branch.
  •   Verify an applicant's information in real time.
  •   Improve Patriot Act compliance and fraud protection.
  •   Reduce application review and approval time.
  •   Seamlessly interface to backend systems.
  •   Reduce application processing cost.
  •   Real time decisioning and additional product offering.

Benefits to Clients:
  •   Convenient way to access Financial Institution.
  •   Faster account Setup.
  •   Faster loan approval.
  •   Better product selection.
  •   Fraud Protection.

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