September 2017

Using Virtual StrongBox to Simplify the Examination Process

2017-10-12T14:59:22+00:00September 26th, 2017|

Featured Client: 
Honor Credit Union | $755 million in assets | Berrien Springs, Michigan

 

Past exams at Honor Credit Union depended upon a single flash drive. Credit union employees would pass the flash drive between departments to upload requested documents to hand examiners when they arrived at the credit union, shuffling the drive back-and-forth as additional files were requested. This year Honor decided to simplify the process.

Led by Frank Witucki, VP of Risk Management, Honor CU updated how they exchanged information with state examiners by leveraging Virtual StrongBox. The credit union provides Virtual StrongBox to members as a digital safe deposit box and […]

New Jersey Credit Union League Deploys Virtual StrongBox in its Shared Compliance Initiative

2017-09-20T14:14:13+00:00September 19th, 2017|

Contact: MJB Public Relations Group • (866) 714-7041 • margaret@mjbpr.com

FOR IMMEDIATE RELEASE

Platform’s security and RegTech capabilities transform audit and compliance processes

CHARLOTTE, NC Sept. 12, 2017) – Virtual StrongBox, Inc. and the New Jersey Credit Union League (NJCUL) have teamed up to improve compliance processes and cut costs for League-affiliated credit unions and auditors. NJCUL will use Virtual StrongBox’s secure customer engagement platform with the League’s Shared Compliance Program, HelpLine and Audit Services clients. The secure platform will ensure that sensitive information remains safe while engaging in the exchange of private and financial information with a compliance specialist.

“Compliance isn’t […]

Virtual StrongBox Racks Up Two More Patents for its Secure Customer Engagement Platform

2017-09-20T14:07:34+00:00September 18th, 2017|

Contact: MJB Public Relations Group • (866) 714-7041 • margaret@mjbpr.com

FOR IMMEDIATE RELEASE

Data-security expert’s cloud-based platform eliminates headaches for highly regulated financial services firms by removing technology and security gaps in their legacy systems

CHARLOTTE, NC Sept. 12, 2017) – Virtual StrongBox, Inc. has earned two more patents – its fifth and sixth in just over two years. The patents relate to the Company’s consumer engagement platform, which transforms legacy technology to speak to the digital consumer while providing end-to-end security and total information privacy for sensitive information. Together, these new patents recognize the unique way Virtual StrongBox gathers information […]

Imagine This: Digital Transformation is Improving Regulatory Exams and Keeping Examiners Out of Your Credit Union

2017-09-20T14:20:42+00:00September 7th, 2017|

What if credit union examiners could do most – or all – of their “field” work remotely, from their home offices? No, really, think about it. You might even envision John Lennon in the background, singing “Imagine all the examiners … living life at home.” But we don’t need to listen to Lennon or other members of the Fab Four to improve processes like credit union exams. All we need is a little creative thinking – and a little help from digital technology.

Why should credit unions care if examiners can do their work and still make it to the kids’ evening […]