SWBC Purchases Cognasys
SAN ANTONIO-SWBC said it has purchased the technology of Cognasys LLC, a provider of artificial intelligence-based software solutions, as part of the continuing expansion of its position in the growing market of complex document process automation. SWBC said Cognasys is "well-known in the industry as the expert system solution for document process automation, will continue to grow with the strength of SWBC's capabilities behind it."
For info: www.swbc.com
Entry-Level LoanLedger Product Intro'd
LOS ANGELES-Dynamic Interface Systems unveiled LoanLedger PS!, which it describes as a low-entry-investment edition of its Windows-based LoanLedger suite. Targeted specifically to the independent lending market, PS! includes all the core features of LoanLedger. According to the company, a small company with no prior experience in loan servicing can be up and running in less than a day. The PS! Version has the ability to grow-as needed-into a full-featured, high-capacity system, DIS said.
For info: www.loanledger.com/ps
CUNA Mutual Hosts Reg Z Seminars
MADISON, Wis.-With the deadline for Regulation Z changes looming, CUNA Mutual Group will host two national seminars to help credit unions meet the approaching deadline and continue to offer multi-featured open-end lending. The seminars will be March 15 in Orlando and March 19 in Las Vegas.
For info: www.cunamutual.com/C3.
Site Offers Investment Modeling
WASHINGTON-Trust for Credit Unions said it has a new tool to help CUs manage multiple options within their investment portfolio. The "TCU Yield Optimizer" is a web-based application that models different portfolio choices for optimal yield and duration, the company said. The Trust for Credit Unions has three Funds: Money Market Portfolio, Ultra Short Duration Portfolio, and Short Duration Portfolio. The company said TCU Yield Optimizer calculates an optimal yield based on a user-defined duration using a blend of all three TCU funds.
For info: www.TrustCU.com
Utilities FCU Joins CUSN
LAKEWOOD, Colo.-Credit Union Service Network said Utilities Federal Credit Union, headquartered in Omaha, Neb., has joined shared branching as both an issuer and acquirer. The CU has opened its location in the Omaha Metro Area as a service center.
For info: www.cusn.com
uMonitor Enjoys Profitable 2009
MEMPHIS, Tenn.-uMonitor reported it closed 2009 with more than 15% revenue and profit growth, in addition to increasing clients by 20%. uMonitor's solutions include account-to-account money transfer and new account openings, including uOpen and uFund.
For info: umonitor.com.
