Wolters Kluwer Financial Services

Press Release

uMonitor Selects Wolters Kluwer Financial Services’ Industry-Leading Compliance Documents For Its Online Account Opening and Funding Systems

MINNEAPOLIS and MEMPHIS, Tenn. – June 17, 2008 – Wolters Kluwer Financial Services and uMonitor announced today that the companies will integrate Wolters Kluwer Financial Services’ electronic lending, deposit and Individual Retirement Account (IRA) compliance documents into uMonitor’s uOpen & uFund™ account opening and funding service.

Under the terms of a referral agreement, uMonitor will refer customers to Wolters Kluwer Financial Services’ documents, which will provide them with access to industry-leading compliance content based upon decades of experience and knowledge. The content, offered through Wolters Kluwer Financial Services’ Bankers Systems product line, is continually developed and maintained by the company’s extensive in-house legal and compliance services team.

“As a leading provider of online account opening and funding services in the industry, we continue to integrate services from technology leaders that add value to the solutions we offer,” said Dinesh Sheth, CEO of uMonitor. “We understand that our clients place a high level of trust in us, and we exercise strong discretion in recommending third-party solutions. Based on great experiences in working with Wolters Kluwer Financial Services and their unsurpassed reputation for leading compliance solutions, we have full confidence that together we will offer a unique value proposition to our clients.”

“We’re pleased to be working with uMonitor to give their clients access to the most complete and up-to-date compliance content in the industry,” said Dave Roy, vice president and general manager, Banking, Wolters Kluwer Financial Services.

Wolters Kluwer Financial Services compliance documents help financial institutions comply with regulatory requirements in all 51 U.S. jurisdictions and can be customized as needed according to an institution’s specific business practices and policies.

The uOpen & uFund solution enables financial institutions to improve both their competitive positioning and online services experience. Banking clients can set up new deposit accounts, obtain credit and debit cards and complete loan applications via the Internet. uOpen & uFund help financial institutions adhere to Section 326 of the USA PATRIOT Act, and offer online customer identity verification, identity authentication and Office of Foreign Asset Control (OFAC) checks. It also provides a way to develop risk matrixes and implement cross-sell and up-sell processes. With compliance documents, disclosures and online funding, the process is fast and simple.

About uMonitor

uMonitor financial technologies offer a wide range of online solutions specifically designed to help financial institutions provide the most up-to-date services. These highly configurable and customizable solutions enable financial institutions to increase profitability, generate revenue, improve regulatory compliance and improve employee productivity while reducing costs. uMonitor’s banking solution brands include uOpen & uFund™, uTransfer™, uSwitch™, uPlan™, uView™, uAdvise™ and uAnalyze™, uDocument™, uVerify™ and uPresent™. Visit www.umonitor.com for more information on our services, company and experience.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP ® Mortgage Solutions, PCi, GulfPak, Desert Document Services, AppOne ®, GainsKeeper ®, CCH ® Capital Changes, NILS INSource ®, AuthenticWeb™ and CCH Wall Street ®.

Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com .

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors. Wolters Kluwer has annual revenues (2007) of €3.4 billion ($4.8 billion), maintains operations in over 33 countries across Europe, North America, and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Visit www.wolterskluwer.com for information about our market positions, customers, brands, and organization.


Quick Links Media Contacts

Jennifer Marso
Director of Corporate
Communications for Wolters Kluwer
Financial Services
612.852.7912
Email Jennifer

Charles Miller
Senior Public Relations Specialist
Banking, Mortgage, and Credit Unions
320.240.5457
Email Charles

Angela Peterson
Senior Public Relations Specialist
Securities, Insurance, and Indirect Lending
612.656.7745
Email Angela