Press
NominoData LLC Launches CheckForRisk 2013 for the Credit Union Community
INCLINE VILLAGE, NV (April 17, 2013) – CheckForRisk is a Negative News Search Engine providing Credit Union compliance professionals with a tool to access the latest and historical negative news and sanctions /watch list information for screening individuals, members, vendors and corporate accounts.
“We are excited to expand our CheckForRisk solution to encompass the Credit Union Community. This phenomenal product gives Credit Unions an enhanced due diligence search tool that enables them to comply with regulations and audit standards. CheckForRisk is a very powerful tool that we sell to Credit Unions, Banks, and financial services firms to help them perform advanced due diligence on customers,” said Al MacDonald, NominoData LLC CEO and Founder. Nomino Data also partners with CUSOs and technology providers who offer CheckforRisk as a component of their solutions suite.
Robert Goldfinger, President of NominoData, a past Director of Risk Management at Coastal Federal Credit Union in Raleigh, NC said” as a former CU Risk Manager and retired Law Enforcement executive I know how important it is to get risk relevant information about members and vendors into the hands of the CU employees on the front line. “ He added “ our business model at NominoData is two pronged. We offer CheckforRisk directly to Credit Unions and we are establishing a network of CUSOs and other technology providers to partner with NominoData to provide our technology solutions.”
CUSO, Technology Executives and Credit Union representatives can contact Rob Goldfinger at rgoldfinger@nominodata.com to learn more individual CU licensing or partner/collaboration programs.
CheckforRisk continually searches National and International negative news sources, including watchlists and has a built in audit trail and automatic monitoring function that processes your historical searches and checks them against the latest negative news every 24 hours. This utility supports Credit Union auditing functions and NCUA and other regulatory exams.
The automatic monitoring feature eliminates the need to resubmit searches. The system can also be loaded with the credit unions existing accounts and perform searches on large number of preexisting accounts. Once the credit union accounts are loaded they are automatically checked by the portfolio monitoring service.
CheckForRisk is a ready-to-deploy, customizable, and scalable search service. The easy to navigate user interface is intuitive, requiring very little user training. A perfect fit for credit unions large and small!
About NominoData LLC
NominoData LLC (www.NominoData.com), is a technology company formed to help clients with worldwide identity, compliance and risk management issues associated with modern day commerce. Ranging from banks to multinational corporations, NominoData provides a combination of industry-leading technology on-line. Our founders harness their collective intelligence and leverage their expertise in Risk Management, Security, Search, Name /Entity recognition, data analysis and extraction into innovative and productivity-boosting products that revolutionize their field.