NAFCU Services announces the winners of the 2021 innovation awards
ARLINGTON, Virginia – (COMMERCIAL THREAD) – NAFCU Services has named the new winners of their annual innovation awards. The rewards program recognizes companies that make the most valuable and innovative contributions to the success of credit unions, including groundbreaking advancements in technology, software, digital media, campaigns, and more.
“What is so impressive about this year’s Innovation Award winners is the wide range of their solutions, all of which contribute immensely to the advancement of the credit union community,” observed Randy Salser. , president of NAFCU Services. “We thank them for their support of credit unions and congratulate them for their optimism, ingenuity and action. Congratulations to all!”
The winners of the 2021 Innovation Prize, as decided by a panel of independent judges, are:
Allied solutions | Refund Plus
Streamlines and manages the entire product cancellation and refund process with automated file transmission and review, reporting and data analysis, refund amount validation – acceptance of the tolerance, etc. This provides a low cost, efficient, member-centric solution for risk and liability mitigation, reporting, and auditing of cancellations and refunds.
Mixed | Digital lending platform
From applying for and closing a mortgage to opening a new checking account or securing a car loan, members demand an easy omnichannel experience every step of the way. With Blend, credit unions can be there for their members’ financial times.
CUNA Mutual Group | Stronger together
A platform to demonstrate CUNA Mutual Group’s passion and commitment to helping people (employees, customers, partners and communities) stay healthy and safe in times of crisis and beyond. With a strong message, this campaign helped bring a sense of calm to an otherwise chaotic situation.
DDJ Myers | Virtual Emerging Leaders Program
The program provides emerging leaders with the learning, community, and tools necessary to cultivate, nurture and harness their potential as emerging executives. The award-winning Emerging Leaders Program has been offered annually since 2013; Due to the global pandemic and continued high demand, the program has been redesigned to be virtually exclusively delivered.
Storm Defense | Cyber fraud
The only fraud defense solution designed for banking services to deliver complete cybersecurity and robustness to its credit union customers. It provides an integrated solution for BSA / AML information security and fraud services on a single platform.
FIS | Reimbursement of the premium
A fully integrated loyalty platform designed to meet the retailer’s need to acquire more members and the financial institution’s need for their card to be “premium” by allowing consumers to use their reward benefits on daily expenses without friction or hassle.
Speed solutions | Account Income Solution ™
Enables credit unions to leverage big data and digital strategies to more effectively onboard new accounts, engage members, drive transactional activity and encourage cross-selling with the goal of increasing non-interest income from ‘a CU and establish the credit union as their primary member financial institution.
Wolters Kluwer | TSoftPlus
Enables PPP loan remittance applications with digital tools such as electronic signature functionality that enhances lender capabilities and eliminates the need for in-person PPP transactions. Wolters Kluwer’s acquisition in late 2020 of eOriginal, which offers a digital lending platform that enables SBA electronic signature for digital lending, further enhanced the capabilities of the solution.
“Our 2021 Innovation Award winners address a variety of needs that credit unions face every day,” added Salser. “They really understand the barriers, the competition and the opportunities for credit unions to help them grow.
To see exciting demonstrations from these and other winning companies, as well as opening sessions and interviews with experts on the latest innovations in credit unions, register for the 2021 Innovation Spotlight event on the 28th. July to www.nafcu.org/innovation2021.
About NAFCU Services
As a member of the National Association of Federally-Assured Credit Unions, NAFCU Services provides trusted and approved funding, educational content and a portfolio of preferred partners. For over 40 years, we have served credit unions across the country. Our team of partners offers revolutionary ideas and next-generation solutions, enabling credit unions to compete, change the status quo and grow their institutions. For more information, visit our website and follow us on Twitter.