Leading Publication Recognizes Financial Technology Company’s Growth and Innovation

uMonitor, the innovative financial solution services provider for banking customer acquisition and retention, announced that it was recognized by the Memphis Business Journal as a recipient of one of its 28th Annual Small Business Awards. The company competed with 19 other finalists in four categories selected from over 100 nominations that recognized the achievements of businesses and executives throughout the Mid-South.

“We closed 2007 with a 60 percent increase in revenue, and the company continues to grow as we expand our list of customers and partner with more and more of the industry’s leading technology providers,” Dinesh Sheth, CEO at uMonitor, explained. “The Memphis Business Journal is a publication that is part of the American City Business Journals, one of the largest publishers of metropolitan news weeklies in the United States, and we are extremely pleased to receive this honor in recognition of our efforts to create solutions that support financial institutions and delight their customers.”

uMonitor provides a suite of online solutions that help financial institutions leverage the Internet to provide a wide range of business services. Its flagship products, uOpen & uFund(TM), an online account opening and funding service, and uTransfer(TM), an online money movement service, are fully integrated with most widely deployed core platforms from providers such as Open Solutions, Fidelity National Information Systems, Fiserv and Symitar.

Winners of the Small Business Awards were selected by a panel of five judges, comprised of respected business leaders and experts in the Memphis community. The winners of the 28th Annual Small Business Awards were recognized on May 22nd at an awards dinner held at the Peabody Hotel in Memphis, Tenn.

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.

For more information, please visit http://www.umonitor.com or contact Gillian Smoot at gsmoot@umonitor.com or by phone at 901.757.1212, ext.7115.