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NAFCU Services Corp. Expands Partnership with Wolters Kluwer Financial Services to Include Consumer Lending Solutions

Posted: 2010-04-28 00:00:00
Contacts:
 Jennifer Marso  Charles Miller
 Dir., Corporate Communications  Sr Public Relations Specialist
 Wolters Kluwer Financial Services  Wolters Kluwer Financial Services
 612-852-7912  320-240-5457
 jennifer.marso@wolterskluwer.com  Charles.miller@wolterskluwer.com
 On Twitter: @JenniferMarso  On Twitter: @CharlesWMiller

FOR IMMEDIATE RELEASE
April 27, 2010

NAFCU Services Corp. Expands Partnership with Wolters Kluwer

Financial Services to Include Consumer Lending Solutions


MINNEAPOLIS –  Wolters Kluwer Financial Services announced today NAFCU Services Corporation has expanded its Preferred Partner relationship with the company to include its consumer lending and deposit solutions in addition to its member business lending products.  

NAFCU Services Corp. is a subsidiary of the National Association of Federal Credit Unions, which serves approximately 800 federal credit unions throughout the United States.

Wolters Kluwer Financial Services will now provide NAFCU member credit unions with access to the company’s consumer lending and deposit solutions, including its ComplianceOne™ and ARTA® Lending and Deposit solutions, as well as its loan and deposit account agreements and compliance disclosures. The company’s products are designed to help credit unions more efficiently manage loan and deposit transactions, reduce risk and maintain compliance with federal and stateregulatory requirements in all 51 U.S. jurisdictions.

“Credit unions face an onslaught of consumer-oriented regulations that can severely strain their resources,” said David Frankil, president of NAFCU Services Corp. “By working with Wolters Kluwer Financial Services, they can reduce the burden of compliance and streamline operations, allowing them to spend more time focused on their members’ needs.”

“Monitoring the ever-changing regulatory environment continues to be a challenge for credit unions,” said Lisa Fraga, vice president and general manager of Banking for Wolters Kluwer Financial Services. “Wolters Kluwer Financial Services offers a range of consumer deposit and lending products to help them stay on top of regulatory changes and simplify compliance.”

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services is part of Wolters Kluwer, a market-leading global information services company focused on professionals with annual revenues (2009) of €3.4 billion ($4.8 billion), approximately 19,300 employees worldwide and operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Visit our website, YouTubeor follow @Wolters_Kluweron Twitter for more information about our market positions, customers, brands, and organization.

About NAFCU Services Corporation
NAFCU Services Corporation is a wholly owned subsidiary of the National Association of Federal Credit Unions (NAFCU). Since 1975, NAFCU Services has partnered with the industry’s leading solutions providers to offer value-added products and services at a discount to credit unions. Currently, it offers 26 Preferred Partner programs to the credit union community, and maintains the credit union locator website, CULookup.com. For more information about NAFCU Services Corporation, please visit www.nafcu.org/nafcuservices.
 
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LinkedIn GroupsGroup: GRC Executive NetworkSubject: New comment (1) on "Wolters Kluwer Aquires the Gem in Policy Management – Axentis"Here is a another one!Cura Agrees to be Acquired by SoftPro Systems Limited Hyderabad, India, 1 July 2009 – Software solutions provider, SoftPro Systems Ltd, headquartered in Hyderabad, India, has announced it will acquire 100% of South African software solutions provider Cura Software Solutions. Cura, established in 2002, provides smarter software solutions designed to enable businesses around the world quickly achieve the bottom-line benefits in governance, risk management, compliance (GRC) and performance management. It achieves this through fast implementation and easier configurability, coupled with true enterprise architecture. Cura is rated as a global leader in the GRC field by Forrester Research and Gartner Research. SoftPro's intent is to grow Cura into a company with over US$150m in revenue by 2014. SoftPro will fund the business, introduce a second R&D location and start aggressively marketing Cura’s solutions in India. SoftPro will also bolt on additional acquisitions. Cura will retain its brand. The acquisition will create more opportunities for customers and staff. To that end, there are no changes planned in the management and staffing of the business (other than through bolstering the team and organic growth). Posted by Michael Corcoran, CPA, CGRC, CSOX

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