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CATALYST ANNOUNCES CLOUD COMPUTING
updated 10/18/13 03:25 PM
Plus IT Outsourcing Solutions
Catalyst Corporate FCU launched Catalyst Cloud Computing (C3), powered by Compushare, that will allow credit unions to move all of their local applications and processes to a secure, scalable, high-redundancy remote environment.

Other IT outsourcing solutions, including a suite of enterprise-class systems-management and security have also been added to serve credit unions that have limited outsourcing needs.

Catalyst Corporate selected Compushare, a leading provider of cloud-based technology, due to its knowledge of the financial services industry and proven commitment to security that will help simplify credit unions’ vendor management process.

“Compushare built its solutions from the ground up for the financial services industry, so the highest levels of security are applied across the board, including multi-factor authentication,” said Kathy Garner, president/CEO of Catalyst Corporate. “In addition, Compushare undergoes numerous third-party audits and has regulatory oversight from the Federal Financial Institutions Examination Council."

The C3 platform contains a library of financial applications, allowing credit unions to continue using the systems they have in place while seamlessly adopting state-of-the-art technology that has the necessary security, business continuity, and compliance built in. Unpredictable costs, resources, maintenance, integration, back up, and upgrades necessary to support an on-premise hardware infrastructure are also eliminated.

Credit unions interested in learning more about C3 should attend a special information session taking place at Catalyst Corporate’s Economic Forum on Oct. 22-23 in Frisco, TX.

For more information, please visit www.catalystcorp.org.

 
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CHAPTER FORUM, RECEPTION ENGAGES CUs updated 10/27/14 06:55 PM
Networking and Awards after 'REACH'
Credit union chapter members from across California and Nevada gathered Oct. 23 at the JW Marriott (L.A. Live) in downtown Los Angeles to attend the 2014 Chapter Forum, which offered a full day of valuable networking and educational sessions for attendees who were eager to share individual stories about the work their chapters are accomplishing.

NEEN JAMES CHALLENGES CUs AT 'REACH' updated 10/27/14 04:17 PM
'Time is the New Currency'
By Wednesday afternoon, nearly 700 credit union CEOs, professionals, industry vendors, and guests had attended REACH 2014, the California and Nevada Credit Union Leagues’ Annual Meeting and Convention from Oct. 20-22 at the JW Marriott (L.A. LIVE) in downtown Los Angeles.

CFPB, FTC HOST DEBT COLLECTION FORUM updated 10/27/14 03:31 PM
Latino Consumers Discussed
The Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB) recently hosted an all-day forum on “Debt Collection and the Latino Community,” which brought together consumer advocates, industry professionals, and regulators to discuss how debt collection issues affect Latino consumers, especially those with limited English proficiency (LEP).

FinCEN: QUARTERLY UPDATE ON 'SARs' updated 10/27/14 03:09 PM
Also, Mortgage Service Transfer Guidance
The Financial Crimes Enforcement Network (FinCEN) has issued its SAR Stats quarterly update, which provides information on Suspicious Activity Reports (SARs) filed through Sept. 30, 2014.