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“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 Healey, First Vice
President – Client Services 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 the
ATTUS Technologies’ WatchDOG® 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
financial institution’s ACH workflow, scanning
all ACH transactions against the most current
OFAC lists, 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®
Pro offering demonstrates our confidence in
ATTUS technology’s ability to simplify our
clients’ business operations. That is the type
of value we continuously add to our community
bank and credit union clients.”
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