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UMonitorParsam Technologies to Create New Service with IA Systems According...



UMonitor-Parsam and IA Systems are working together to create a new program in which customers can sign up for a loan online, when they sign up for a new account with a center bank or credit union. This is according to the Memphis Business Journal's online article; the Memphis Business Journal reports on the business-related news in the Memphis, Tennessee area.



"Combining uMonitor's industry leading account opening solution with IA Systems will enhance the way banks and credit unions can capitalize with online customers seeking online convenience for loan and deposit decisioning, along with an automated account workflow," said Richard Whiddon, vice president of sales at uMonitor, in a release.



According to the article, uMonitor-Parsam offers different financial-related technologies that help with setting up accounts, transferring funds, new loan applications and bill payment.



The article also says that IA Systems develops back-office services for credit unions, banks and other financial institutions, and IA Systems' product, StreamLend Velocity, is a paper-less, Web-based loan origination system.



For a direct link to the article from the Memphis Business Journal, visit: http://www.bizjournals.com/memphis/stories/2007/03/19/daily34.html.



For more information about IA Systems and their systems, go to: www.iasystems.com.



For more information about uMonitor-Parsam, go to: www.parsamtechnologies.com.



About uMonitor-Parsam Technologies:



Parsam helps financial institutions improve profitability by increasing revenue, improving regulatory compliance and reducing costs through process improvements while delighting their customers.


UMonitor technologies are created with the vision of simplifying life online. These Parsam marketed technologies are recognized for their quality and innovation. As financial institutions move to the online direct channel, uMonitor helps them be innovation leaders.



Our Professional Services arm has been instrumental in creating many custom solutions. Working under the SRC name - a very successful systems integration service provider - Parsam delivers consulting services for systems integration, application development, project management and staff and skill augmentation, as needed, in markets, including Financial Services, Hospitality, Government, Telecommunication and Healthcare.






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