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2010 APR 3 - (VerticalNews.com) -- COCC, a leading provider of next generation technology services for community banks and credit unions, announced that its clients are enjoying the most advanced watch list automation available from ATTUS Technologies. This compliance solution automates the monitoring of International ACH Transactions (IAT) for COCC clients, saving them hours of work each day.
"Our partnership with ATTUS Technologies has reduced the workload associated with meeting our clients' Bank Secrecy, USA PATRIOT Act, and NACHA IAT requirements," said Wendy DeMore, First Vice President - Product Management for COCC. "These tasks occupy a large portion of a financial institution's compliance budget. Being able to reduce the time and money involved in compliance is what our next generation technology is all about."
COCC has offered ATTUS Technologies' WatchDOG(R) Pro solution since 2006 as part of COCC's Sentry Services suite. COCC clients using the product have enjoyed time savings of 90% and more in meeting their OFAC/FinCEN reporting requirements.
"We conduct very careful due diligence on the partners we select for our Alliance Partnership Program," said Tom Fedell, president and CEO of ATTUS Technologies, Inc. "We quickly recognized that COCC would be an excellent partner because they, too, are dedicated to providing financial institutions with the information technology tools their clients need to succeed."
The new ATTUS Technologies' IAT module continues the time savings by seamlessly integrating into the financial institution's ACH workflow, scanning all ACH transactions against the most current OFAC list, and reporting possible matches. The ATTUS system also enables financial institutions to quickly resolve false positives and provides additional automation options for enhanced efficiency.
"ATTUS has been a natural fit for COCC's business model for some time," said Richard A. Leone, president and CEO of COCC. "Adding the IAT module to our WatchDOG(R) Pro offering demonstrates our confidence in ATTUS Technologies ability to simplify our clients' business operations. That is the type of value we continuously add to our community bank and credit union clients."
Keywords: Attus Technologies Inc., Data Management, Finance, Financial, Financial Institutions, Information Technologies, Information Technology, Investing, Investment, Technology
This article was prepared by Investment Weekly News editors from staff and other reports. Copyright 2010, Investment Weekly News via VerticalNews.com.
"Our partnership with ATTUS Technologies has reduced the workload associated with meeting our clients' Bank Secrecy, USA PATRIOT Act, and NACHA IAT requirements," said Wendy DeMore, First Vice President - Product Management for COCC. "These tasks occupy a large portion of a financial institution's compliance budget. Being able to reduce the time and money involved in compliance is what our next generation technology is all about."
COCC has offered ATTUS Technologies' WatchDOG(R) Pro solution since 2006 as part of COCC's Sentry Services suite. COCC clients using the product have enjoyed time savings of 90% and more in meeting their OFAC/FinCEN reporting requirements.
"We conduct very careful due diligence on the partners we select for our Alliance Partnership Program," said Tom Fedell, president and CEO of ATTUS Technologies, Inc. "We quickly recognized that COCC would be an excellent partner because they, too, are dedicated to providing financial institutions with the information technology tools their clients need to succeed."
The new ATTUS Technologies' IAT module continues the time savings by seamlessly integrating into the financial institution's ACH workflow, scanning all ACH transactions against the most current OFAC list, and reporting possible matches. The ATTUS system also enables financial institutions to quickly resolve false positives and provides additional automation options for enhanced efficiency.
"ATTUS has been a natural fit for COCC's business model for some time," said Richard A. Leone, president and CEO of COCC. "Adding the IAT module to our WatchDOG(R) Pro offering demonstrates our confidence in ATTUS Technologies ability to simplify our clients' business operations. That is the type of value we continuously add to our community bank and credit union clients."
Keywords: Attus Technologies Inc., Data Management, Finance, Financial, Financial Institutions, Information Technologies, Information Technology, Investing, Investment, Technology
This article was prepared by Investment Weekly News editors from staff and other reports. Copyright 2010, Investment Weekly News via VerticalNews.com.
