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Aithent Signs Connecticut CU

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Aithent Inc. said Charter Oak Federal Credit Union has agreed to use its Fraud Manager software.

Charter Oak, of Groton, Conn., said it would use Aithent's Web-based system for investigating financial crimes. The New York vendor's software is replacing a system of managing fraud investigations through paper and an internally developed spreadsheet.

"The moment we started using Aithent Fraud Manager, creating case reports got easier and were measurably more accurate," Joseph Childress, Charter Oak's vice president of operations, said in a press release Monday.

Survey

The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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