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COCC Offers Clients ATTUS Technologies IAT...
"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.
"We are pleased to offer these state-of-the-art technologies to help financial institutions minimize their non-interest-bearing balances maintained at the Federal Reserve and cash balances," said Wendy DeMore, First Vice President - Product Management, COCC.
"This enables the system to determine the ideal cash order amount for branch, vault and ATMs, helping to ensure that optimal cash balances are maintained and reducing cash levels, while ensuring sufficient cash is on hand to meet customer demand," said Ms. DeMore
"Comprehensive reconciliation and reporting capabilities further minimize risk and the cost of cash supplies."
Following the successful pilot installations, COCC
has begun to offer the non-earning asset products to its overall client base.
said the company is offering webinars to its current clients to help them understand how they can reduce costs while minimizing the risk of holding large amounts of cash.
Wendy DeMore, ...
Wendy DeMore, COCCEvent Chairman
...Wendy Demore, COCCInventory
Wendy W. Demore, First Vice ...
Wendy W. Demore, First Vice PresidentCOCC135 Darling Dr, Avon, CT 06001674-7245 Fax : 677-1169Wendy.email@example.com
ATTUS Technologies - News and Events Print Friendly Version
Wendy DeMore, First Vice President â€" Product Management at COCC, explained that the software upgrade utilizes the most sophisticated name matching algorithm available â€œbecause our clients were looking for more precise matches when checking the OFAC list against their customer data,â€ she said. â€œThe ATTUS engineering team took it one step further by delivering via the web.â€
Web delivery of the list of potential matches makes it easier to work with customer data because â€œyou can see it,â€ Ms. Funaro added. â€œIf you have two or three possibilities, the information is all there.
I can even add notes to the listings to document the bank's decision-making process.
We really like this, and so did the FDIC.â€
â€œWe are extremely pleased to reduce the workload associated with meeting our clients' Bank Secrecy and USA PATRIOT Act requirements,â€ said Wendy DeMore, First Vice President â€" Product Management for COCC. â€œThese tasks occupy a large portion of a financial institution's compliance budget.