Money from around the world pours into Harvard University, and into the accounts of members of Harvard University Employees Credit Union.
Ensuring that what moves in and out follows U.S. rules and regulations falls under Craig Leonard's jurisdiction. The executive vice president and chief financial officer of the 30,000-member, $365 million credit union in Cambridge, Mass. is now using automation to help keep up.
For the past two years, Harvard University Employees CU has been a user of the AML Manager solution from Fiserv Inc., which is also the provider of the credit union's Spectrum core processing system. The AML Manager operates as an anti-money laundering solution and also checks for other forms of potential fraud as it runs tests against transaction data, according to Leonard.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.