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Harland Financial acquires uMonitor

BBR Staff Writer Published 08 December 2010

Harland Financial Solutions, a provider of software and services to financial institutions, has acquired Tennessee-based uMonitor, a provider of online solutions specifically designed for financial institutions.

Harland Financial said it will immediately begin integrating uMonitor's solutions into its existing core, lending, mortgage, branch automation, Internet and mobile banking offerings.

uMonitor solutions allow financial institutions to provide services online, in branches and at call centers, from new account opening and funding to account-to-account (A2A) money transfers, person-to-person (P2P) payments, account and advisor-client relationship management, and bill presentment and payment.

Harland Financial said it will continue to operate both uMonitor's main office in Memphis, Tennessee and its development office in Trivandrum, India.

Harland Financial Solutions president Raj Shivdasani said that uMonitor's capabilities are an ideal complement to those of Harland Financial Solutions.

"We now offer end-to-end banking, from back office to consumer facing systems, while maintaining the financial institution's brand and involvement in the transaction," Shivdasani said.

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