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uMonitor revenue grows 30 in 2008
MEMPHIS, Tenn. (1/15/09)--uMonitor, a provider of online solutions for financial institutions, announced 30% revenue growth and a 60% increase in its employee base for 2008. New account applications increased more than 90% last year, and the number of automated clearinghouse account-to-account transfers grew 30%. The amount of money transferred increased 40%. “Today’s market has helped financial institutions recognize the important need to take further advantage of their online channel to [bring] onboard new customers,” said Dinesh Sheth, uMonitor CEO. The company also signed new clients--including Visions FCU, Endicott, N.Y. New uMonitor strategic partners include Equifax, Fidelity, Open Solutions, Experian, Fiserv, TransUnion, ACI and NCR. uMonitor expanded options for uOpen and uFund, which offer credit union members a self-service method to open and fund a new account themselves. Both uOpen and uFund were upgraded and offer three new deployment selections--Go-to Market Solution, Plus Solution and Total Solution.


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