Minneapolis-based Wolters Kluwer Financial Services announced that the $3.6 billion Kinecta Federal Credit Union in Manhattan Beach, Calif., selected the company's full CASH Suite solution, which helps achieve straight-through processing for commercial lending.
"One of the reasons we selected CASH Suite is for its data management capabilities. The data is entered at the start of the sales process and moves seamlessly through underwriting, analysis, risk rating, pricing and credit memo production without us having to re-key information, saving us a significant amount of time while eliminating errors and redundancies," Paul Willsey, first vice president of Business Services, Kinecta Federal Credit Union said.
The CASH Suite solution provides a financial institution analyses and credit risk management capabilities on its commercial loans for both new loans and annual reviews. Modules may be implemented as the complete solution, as part of a financial analytics or compliance and risk management bundle, or individually.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
