GET TO KNOW THE 2023 INNOVATION AWARD FINALISTS By Randy Salser, President, NAFCU Services INSIDE NAFCU SERVICES It’s time to recognize this year’s credit union innovations! Our Preferred Partners consistently deliver transformational products and services for the credit union industry, and the nominees for our 2023 Innovation Awards prove just that. I’m excited to share a snapshot of this year’s award finalist solutions. DefenseStorm Cyber Risk Readiness IQ from DefenseStorm An online self-evaluation tool designed to give credit unions a view of their cyber risk readiness. DefenseStorm Fraud Fusion Center from DefenseStorm A quarterly collaborative roundtable discussion to share intelligence, coordinate efforts and take action against cybercriminals. Loan Service Desk from Dovenmuehle An application that simplifies and expedites the mortgage servicing request resolution process. Card Suite from FIS A card management application that lets credit unions compete against large financial institutions with a modern, feature-rich solution. Pre-authorized Benefit Increase from Franklin Madison A tool that lets credit unions provide a customized way for members to increase their insurance benefits. ALIRO from LendKey A loan participation platform designed to revolutionize how credit unions manage their balance sheets, minimize risk and optimize liquidity. Lenders Protection Enhanced Scorecard from Open Lending A product that expands auto lending inclusivity and improves loan decisioning accuracy. 3(16) Fiduciary Overlay Services from Pentegra A service that manages the overall operations and adminstrative tasks associated with a credit union’s retirement plan. 22 THE NAFCU JOURNAL November–December 2023
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