news.cuna.org/articles/107757-speed-wars-highlight-technology-innovations

‘Speed Wars’ Highlight Technology Innovations

Seven-minute sessions feature cutting-edge tools and technologies.

September 28, 2015

Speed Wars

The first round of “Speed Wars,” a series of product pitches, kicked off Monday morning at the CUNA Tech/OpSS Council Conference.

Each of the presenting vendors at the three sessions has seven minutes to describe the purpose and functionality of their product, and answer questions from the audience.

Attendees vote on the presentations, and the winner among the 22 participating vendors will be announced Tuesday afternoon.



Speed Wars

Steve Stryker, COO at Scott Credit Union, Edwardsville, Ill., dons his Jedi gear and uses his light saber to cue “Speed Wars” presenter Wes Withrow of TraceSecurity.

TraceSecurity is a CUNA Strategic Services alliance provider.



Speed Wars

Leticia Saiid serves as support manager for CoNetrix’s tandem information security software.

The software features instructional modules, such as one the company created recently for a new cybersecurity exam requirement issued this past summer.



Speed Wars

The TraceCSO cybersecurity solution can create actions plans and reports based on controls users preset into the single-platform online tool, says TraceSecurity’s Wes Withrow.

Tasks can be spread out among staff throughout the credit union, he says.



Speed Wars

IMM’s Easy Reset software is a lending tool with e-signature functionality, explains Michael Ball, vice president of markets and strategy.

This allows credit unions to streamline online loan promotions that allow members to refinance with terms more favorable to them while increasing yield for the financial institution.



Speed Wars

QuickConnect gives credit unions access to both detailed and summary member data using common analytics tools such as Tableau, iDashboards, Excel, SAS, and others, says OnApproach CEO Paul Ablack.



Speed Wars

One aspect of Alkami’s ultimate digital banking experience allows members to complete a mobile application for a credit card with a balance transfer option in less than 30 seconds, says Stephen Bohanon, founder/chief strategy and sales officer.



Speed Wars

CardControl empowers members to set parameters on how their credit cards can be used, affecting transactions in real time, says Rocky Scales, vice president of sales for Ondot.

Members can set limitations geographically, by merchant type, or by transaction maximum. The product also allows members to add dependents’ cards to their accounts.



Speed Wars

With just six clicks over 60 seconds, QCash allows members to book and fund small-dollar loans that might otherwise go to payday lenders, says Ben Morales, CEO of QCash Financial.

Washington State Employees Credit Union in Olympia designed the product 10 years ago, and after several iterations has commercialized the product for use by other credit unions.