2020 Innovation Award Finalists

The 2020 Innovation Award Finalists:

  • An out-of-the-box, cloud-native analytics software innovation designed specifically for credit union CFOs and other executive leaders.

  • A comprehensive training and support program focused on helping clients drive results and enhance point-of-sale protection program performance.

  • A multi-video series designed to build awareness around the retirement-related provisions within the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019.

  • Among the first insurers to the market with simplified issue life insurance products. Featuring an online, automated enrollment process that takes just minutes to complete, TruStage's simplified-issue term life insurance products help demystify and simplify life insurance.

  • Equips boards with the pivotal performance and alignment information necessary to elevate their contribution and effectiveness as a governing body in an increasingly complex financial services and regulatory environment.

  • A cutting-edge instrument that quickly and easily provides stakeholders actionable insights as to the organization's alignment in terms of strategy development and deployment, infrastructure and operations, culture, and pace.

  • Provides cybersecurity and cybercompliance solutions specifically built for banking to achieve and maintain Cyber Safety & Soundness. DefenseStorm's Active Compliance 2.0 solution is an innovative, updated version of the company's current compliance solution.

  • Cardholders have a painless, easy, and secure way to opt-in to round up every transaction and deposit those funds into a savings account or charity. They have the choice on how they want to manage their money.

  • Allows cardholders to provision their card immediately into a mobile wallet. This solution attracts accelerated and increased cardholder loyalty and gives a credit union "Top of Wallet" status with their members.

  • A web-based, mobile responsive application that provides credit unions and their business members with a robust tool to manage commercial and business card accounts. It easily supports the needs of any size commercial or business program.

  • As out of pocket costs continue to rise, affordable programs like Hospital Accident Plan and Recuperative Care, with a daily cash benefit, help credit union members pay their mortgage, rent, credit card bills, auto loans, child care, insurance deductibles, physical therapy, food, and more should they find themselves hospitalized for accident and/or illness.

  • A real-time online fraud prevention and protection product available to Financial Institutions to combat cybercrime through a seamless digital experience.

  • Open Lending's proprietary program was introduced in 2003. Since then, Open Lending has been able to collect credit and performance data on over $7 billion in non-prime auto loans. The Lenders Protection™ Score (LP Score) helps predict non-prime default rates at an incredible 99.2% accuracy.

  • This first-of-its-kind graphic novel illustrates what it means to be a fiduciary of a retirement plan. Using true life accounts from their staff and clients, they showcase everyday scenarios that retirement plan fiduciaries encounter.

  • A cloud-based, end-to-end lending solution that supports the entire lending lifecycle for financial institutions. The solution can originate and service a wide range of loan types, including online, consumer, commercial, small business loans, marketplace loans, and leases. Built on Salesforce, the Q2 Cloud Lending platform delivers innovation, lower operating costs, and reduced risk with agile operations.

  • Allows credit unions to automate the processes associated with auditing vendor invoices and tracking the associated contracts. SRM's invoice auditing and contract monitoring is used in the 80-100 engagements it conducts annually for clients of all sizes, from hundreds of millions in assets to multibillion-dollar entities.

  • Empowers credit unions to harness data across applications to power smarter, more relevant conversations; deploy multi-channel campaigns faster, while maintaining humanized communications; and close experience gaps in the journey, build trust, and become the primary financial institution.

  • Generates custom, detailed data on a lender's estimated lien position for each of its debtors, and insights into lien activity against each debtor. The Report uses proprietary, name-matching algorithms to search for UCC (Uniform Commercial Code) liens against debtors, and then applies advanced data analytics and business logic to estimate the file date order of liens for the lender.

  • Related to the 2019 launch of two complementary lending solutions—Online Applications for Mortgage Lending (OLA) and Online Applications for Consumer Lending (CLA)—these new offerings are specifically designed to help level the playing field for smaller credit unions and other lenders competing against larger, better resourced lending institutions.