Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Fortents new software aims to cut costs
NEW YORK (7/28/08)--Fortent has released due diligence technology, Fortent KYC 3.2, which is aimed at helping credit unions cut costs by eliminating the need for analysts to manage multiple data feeds. With KYC 3.2, the riskiest members get the most attention, the company said. The technology can be implemented at an institution in a few weeks and is available as a hosted solution that can be up and running in three days, the company said. Staff compensation accounts for about 60% of financial institutions’ direct compliance spending, Fortent said. “Fortent set out to develop a KYC solution that would make a dramatic return-on-investment impact--with the goal of earning payback in less than one year,” said Sandy Jaffee, Fortent chairman/CEO.


RSS print
News Now LiveWire
Of $1.3B in payments through mobile devices, 90% occurred at @Starbucks stores http://t.co/MN49JR1NXK
7 hours ago
.@LoveBethpage 1st to launch mobile debit/credit card control from @COOPFS http://t.co/kuq7onGuai
8 hours ago
A booming W Okla county gets its first #creditunion @TheHEFCU See #NewsNow http://t.co/svTyMnms0X
10 hours ago
Mortgage interest rates continue slide in September @FHFA http://t.co/agU9RJW5Kq
13 hours ago
Reimagined branches shift to member, not #creditunion, needs: @cunacouncils white paper http://t.co/lN2mu0IVar
14 hours ago