Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

Products Archive

Products

Verafin, Harland Financial Form Strategic Alliance

 Permanent link
LAKE MARY, Fla. (8/14/13)--Harland Financial Solutions (HFS) and Verafin Inc., a provider of fraud detection and anti-money laundering software (FRAML), have entered into a strategic alliance that will expand Harland's existing product-centric fraud and anti-money laundering capabilities.
 
Harland Financial Solutions (HFS) Tuesday announced a strategic alliance with Verafin--a leading provider of fraud detection and anti-money laundering software provider--at HFS' Connections Conference in Nashville, Tenn. "We're seeing a demand from our clients for a complete fraud detection and anti-money laundering solution to complement our offerings," Scott Hansen, HFS executive vice president of business development, told attendees. "Verafin's reputation for technical innovation and its culture of dedicated client support is really unmatched." (Photo provided by CUNA)
Verafin is a CUNA Strategic Services provider.
 
The announcement was made Tuesday at Harland's Connection Conference in Nashville, Tenn.
 
"We're seeing a demand from our clients for a complete fraud detection and anti-money laundering solution to complement our offerings," Scott Hansen, HFS executive vice president of business development, told attendees. "Verafin's reputation for technical innovation and its culture of dedicated client support is really unmatched."
 
Verafin's FRAML software helps financial institution fraud detection and Bank Secrecy Act/Anti-Money Laundering compliance professionals to quickly respond to suspicious activity. Under the alliance agreement, HFS Enterprise Fraud Management solution will extend beyond its existing product-specific protections such as currency transaction reporting within its teller systems.
 
"There are clear synergies between Verafin and Harland Financial Solutions, including a vision of delivering advanced technology solutions that help to revolutionize the financial services industry," said Andrew King, Verafin vice president of alliances. "Harland Financial Solutions' core processing solutions, combined with our FRAML software, will help financial institutions increase their efficiencies and proactively protect themselves, and their customers, from even the most advanced fraud and money laundering schemes."
 
With FRAML, it now will be possible for Harland Financial Solutions clients to monitor their customer behaviors simultaneously across multiple touch points throughout the enterprise. Given the increasing sophistication of fraud perpetrators, this is a necessary expansion of scope that makes it possible to identify potential suspicious activity that might otherwise be missed when analyzed in isolation within individual systems or departments. 
 
The enterprise-wide approach will allow financial institutions to more effectively respond to suspicious activity and to better prioritize multiple fraud occurrences at the member/customer level based on input from its teller system, ATM/debit/credit card systems, ACH system, Internet Banking system and core system.

Online Discovery Conference Registration Opens

 Permanent link
MADISON, Wis. (8/14/13)--CUNA Mutual Group's fourth annual, day-long Online Discovery Conference, offering free credit union-focused sessions from the convenience of a computer, is scheduled for Oct. 1.
 
The Online Discovery Conference is the Web-based equivalent of a face-to-face conference without the associated expenses or time away from the office.
 
"The beauty of participating online is the convenience," said Christy LaMasney, manager of Online Discovery for CUNA Mutual Group.
 
This year's agenda features 13 credit union-focused sessions, networking opportunities, including chat rooms and message boards, an exhibit hall and prizes. Also, registration guarantees access to conference materials after the event is over.
 
John Lass, senior vice president of strategy & business development for CUNA Mutual Group, is the keynote speaker. Lass will speak on the power of leadership, culture and strategy within the credit union system. Also, the conference also will feature these industry thought leaders and topics:
  • Lerzan Aksoy, associate professor of marketing, Fordham University in New York City, "Linking Member Satisfaction to Share of Deposits with the New Wallet Allocation Rule";
  • Wendy Bryant-Beswick, vice president of marketing and business development, Generations FCU, San Antonio, "The Importance of a Digital Strategy";
  • Jon Bundy, regulatory compliance manager, CUNA Mutual Group, "Lending Compliance Pipeline: What May Be Coming";
  • Lauren Capitini, regulatory compliance manager, CUNA Mutual Group, "CFPB Mortgage Mythbusters";
  • Armando Falcon, CEO, Falcon Capital Advisors LLC, and John McKechnie III, partner at Total Spectrum, "GSE Reform--What's the Future for Credit Union Mortgage Lending";
  • Simon Gao, vice president of consumer analytics, CUNA Mutual Group, "The Power of Predictions";
  • Dan Kaiser, senior vice president and product executive of lending products, CUNA Mutual Group, "Trends in Lending and Member-Friendly Income";
  • Kevin Miller, vice president of information technology strategy and architecture, CUNA Mutual Group, "Strengthening the Member Experience Through Innovation";
  • Hendrix Niemann, managing director of practice and wealth management, CUNA Brokerage Services Inc., "Growing Your Investment Program to Increase Non-Interest Income & Member Loyalty";
  • Rob Rubin, managing director, Novarica, "Winning Over the Multi-channel Member";
  • Brian Scott, vice president, The Members Group, "Moving Your Credit Card Program to EMV--Don't Let Your Chips Fall"; and
  • Shari Storm, senior vice president, Verity CU, Seattle, "Mother Knows Best--And Spends The Most."
Each thought-leader session will feature video, audio, and a question and answer portion.
 
The online event is designed for CEOs and senior leadership teams of credit unions. However, all credit union and league employees are welcome, said CUNA Mutual.
 
"Attendees can come and go from the conference as they please," said LaMasney. "This provides great flexibility to allow many staff members from the same organization to attend, if even for just a few hours."