uMonitor partners with BANKDetect to Offer Online Account Opening and Funding Incorporated with Red Flags, ID Verification

MEMPHIS, Tenn. - (Business Wire) uMonitor, the innovative financial solution services provider for banking customer acquisition and retention, and BANKDetect, a knowledge-based technology company that focuses on loss prevention and compliance for the financial industry, today announced a partnership to integrate their services for financial services clients. BANKDetect will incorporate ID verification (name, address, phone, zip, SSN, etc.,) including “red flags” compliance (indicators of possible risk of identity theft) with uOpen & uFund^®, uMonitor’s online account opening and funding solution. This will enable uMonitor to meet all necessary regulatory compliance requirements as recently set forth by the government.

BANKDetect and uMonitor can integrate with all major core processors. Currently, both companies partner with Open Solutions, which allows Open Solutions’ clients to quickly deploy uMonitor’s uOpen & uFund and BANKDetect’s solutions, as they are already integrated with their core processing platform, online banking service and loan decisioning system.