PHILADELPHIA–G2Link, which helps financial institutions automate their vendor compliance monitoring, has announced that CU*Answers, the 100% credit union-owned CUSO, has chosen G2Link’s vendor monitoring platform to support the dynamic compliance requirements for vendor compliance.
CU*Answers, which provides services to over 190 credit unions in 21 states plus Washington, D.C., offers a single solution source for delivering core systems and ancillary features such as ATM, debit card, interactive voice response, Internet PC home banking and item processing solutions, all tightly integrated.
“As a ‘super vendor’ supplier of services to many credit unions, they face an enormous amount of complexity,” said CU*Answers. “G2Link was selected to replace a legacy on-site solution to automate vendor monitoring and increase visibility of managing their relationships and compliance requirements”
The CUSO added that G2Link’s industry-leading platform is designed to accommodate the rapidly changing compliance requirements, while providing cost effective scale for the growing number of regulations. The regulatory requirements are particularly complex for providers such as CU*Answers with many credit union customers.
“Today every business relies on more allies, partners, and vendors than ever before,” said Randy Karnes, CEO of CU*Answers. “It’s a networked world and keeping track of just the names of all the players who contribute to your organization’s success can be challenging, let alone the key data and information you need to defend them during vendor due diligence audits. You feel like you know your partners, but without the data can you prove you know your partners? G2Link data is part of our plan to know our partners!”