HONOLULU—NAFCU Services has named its 2017 Innovation Award winners.
Announced during NAFCU’s 50th Annual Conference, the Innovation Awards have honored partners that consistently demonstrate their commitment to bringing new, unique, and valued products to the credit union market.
The 2017 Award Winners are (with descriptions provided by NAFCU Services):
DDJ Myers for the Transformative Change Model (TCM)
DDJ Myers developed TCM to facilitate change with board members to strategically add the value required for a high-performing board. The changing board phenomena necessitated a new mindset that modeled the change credit union boards wanted.
Q2 for Q2 SMART
Q2 SMART is a behavior-driven recommendation engine. Real growth in an age of digital growth means better understanding and engagement with members to deliver the right products at the right time. Q2 SMART helps FI marketers target banner ads based on user behavior, and easily manage multiple customized promotional campaigns in online banking.
Vantiv for OmniShield
Card fraud in the U.S. is a $7.5 billion a year problem and is forecasted to reach $9 billion by 2020. Vantiv’s OmniShield solution manages and mitigates card fraud. While the average U.S. debit card portfolio averages 12.53 basis points in gross fraud losses, credit unions protected by OmniShield average 7.34 basis points, a 41% reduction.
“Each year our partners exhibit extraordinary creativity and commitment to solve challenges specific to credit unions,” said NAFCU Services President Randy Salser. “These innovative solutions provide credit unions with tools to better serve their members, which in turn elevates our industry. We are very grateful to all of the 13 finalists, and congratulate these three winners for their service to credit unions.