AuditLink, the audit and compliance division of CU*Answers, announced in February that it would provide all CU*Answers clients with a free session to configure and train staff on utilizing the CU*BASE tools to monitor for high risk suspicious member activity. Since then, forty credit unions have taken up the offer to learn more, with more signed up.
“This is one of the most powerful tools in the core platform to uncover suspicious activity across all channels,” said Jim Vilker, VP of Professional Services. “Regulatory pressure has been building as it relates to monitoring for anomalous activity and credit unions are fast becoming required to use analytical tools to uncover potential fraud or money laundering. Forty credit unions signed up for the free configuration and training and each one is finding it an eye-opening experience.”
“After walking through the configuration process with the AuditLink team I am very excited to get started utilizing this analytical tool,” said Barb Klein, NCCO, vice president of compliance at Building Trades FCU. “As we ran through the set-up, accounts immediately boiled to the surface that required further investigation. The AuditLink team made it easy to activate and did a very good job training best practice use of the tool.”
AuditLink has posted the PowerPoint presentation on their website for anyone that was not able to make the webinar.
About CU*Answers, Inc.
CU*Answers offers expertise in implementing technical solutions to operational needs, and is a leader in helping credit unions form strategic alliances and partnerships. CU*Answers provides a wide variety of services for credit unions including its flagship CU*BASE® processing system (online and in-house) and Internet development services featuring It’s Me 247 online and mobile banking. Additional services include web development, network design and security, and image check processing. Founded in 1970, CU*Answers is a 100% credit union-owned cooperative CUSO providing services to credit unions representing over 2 million members and $21.5 billion in credit union assets. For more information, visit www.cuanswers.com.