ALBANY, NY. and Memphis, TN, March 22, 2007 – IA Systems, a provider of lending software and services for credit unions, banks and other financial institutions and Parsam Technologies the provide of uMonitor financial solutions are  pleased to announce a strategic partnership. Now financial institutions can seamlessly integrate the creation of new accounts directly into the workflow of loan origination, enabling financial institutions to immediately offer lending products to new customers and members.

“Incorporating the lending process with account opening is a key component to ensuring more services per member,” said Frank Gazeley, Vice President of Business Development at IA Systems. “We are pleased to partner with IA Systems to enhance bank and credit union account opening services in conjunction with IA Systems state the art loan origination system for all their customers,” said Richard Whiddon, Vice President of Sales at uMonitor.  “Leading Financial Institutions are on the front line to delight their customers, provide them with new convenience and run an efficient operation.  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.”

"uMonitor is recognized in the financial services industry for delivering highly dependable innovative  services to meet the growing demand to be competitive and offer delightful user experience with the best technology, exceptional customer service, and prompt system implementation at a very affordable price.

For more information or like to request a free consultation how these two services could work with your institution, please contract uMonitor or IA Systems.

About Parsam Technologies – uMonitor

Parsam, based in Memphis, Tennessee, is the leading provider of uMonitor financial technologies.  Parsam offers a wide range of online solutions specifically designed to help banks, credit unions, and   financial institution professionals give their customers the most up-to-date services. These customizable solutions enable financial institutions to increase profitability, generate revenue, improve regulatory compliance, improve employee productivity, and delight their customers while reducing costs. uMonitor technologies include New Account Setup and Online Funding with Switch Kit, New Loan Application Processing, Funds Transfer Service, Bill Presentment and Payment Solutions, Premium Account Aggregation Service, Document Management System, uMAdvisor Client Relationship Management and other services.

 For more information uMonitor leading edge Online Account & Funding Solution, please visit www.umonitor.com or email sales@umonitor.com or call 901.757.1212 x 118 to schedule a call discuss your needs.

About IA Systems                                                            Since 1991, IA Systems has developed technology to streamline business operations for credit unions, banks, and other financial institutions. IA Systems’ flagship product, StreamLend Velocity, is a paperless, web-based loan origination system that simplifies, automates, and accelerates the lending process using industry-leading tools such as a user-centric browser interface, configurable workflow, and modular, open-standards software design. The powerful and flexible web-based tools of StreamLend Velocity automate workflow, speed credit and loan decisioning, integrate sales channels, and manage risk for financial institutions, while decreasing operational costs and increasing loan processing efficiencies.

 For more information about IA Systems and its products and services, visit the company’s Web site at www.IASystems.com , write 500 New Karner Road, Albany, N.Y. 12205, or call 800.803.7554 ext. 279.