Verde Corona, Aurora to Drive Loan Decisioning at Seasons FCU

Seasons Federal Credit Union announced late last week that it would adopt loan decisioning technology from Verde Advisor.

Howard Brady, Chief Lending Officer for Seasons FCU highlighted the way the technology would help the credit union improve its lending strategy by being able to provide credit to a greater percentage of its membership.

“Specifically, Verde’s model enables us to responsibly serve the entire credit spectrum while increasing our net credit margin,” he said.

The announcement means that Seasons FCU will run Verde’s Aurora and Corona solutions in tandem. Aurora is Verde’s automated, decisioning optimization engine. Corona is the company’s loan origination technology. Verde Advisor demoed Aurora at the company’s Finovate debut earlier this year at FinovateSpring in San Jose.

Patrick Reily, Verde Advisor co-founder and CEO, said, “As one of the first credit unions to deploy Verde Aurora, we look forward to helping them better serve their members through more effective pricing and instant, optimized underwriting.”

Based in Middletown, Connecticut, Seasons FCU has more than 18,000 members and more than $140 million in assets. Seasons FCU offers a number of services (namely, Kasasa) courtesy of another Finovate alum, BancVue. 

Verde Advisor was founded in 2006, and is headquartered in Atlanta, Georgia. Read our Behind the Scenes conversation with the company here.

Finovate Alumni News — March 26, 2014

• ProfitStars’ Gladiator ranks #36 in MSPmentor’s top 501 managed service providers.

• Kofax Mobile Capture platform wins “Elegant Implementation” category of Housing-Wire magazine’s HW TECH 100.

• Online TV host Doug Sleeter interviews Xero CEO, Rod Drury.

• Jumio wins 2014 METAward in “established” category.

• BancVue releases its Kasasa PFM app.

• miiCard bringing its ID verification technology to eMerchantPay.

• WTOP News asks: is the credit card with keypad from Dynamics is the “card of the future”?

• MasterCard selects Anna Yip as head of Hong Kong and Macau.

• Digital Insight to expand online banking portfolio to include shared access and small business payments. Come see Digital Insight demo at FinovateSpring next month.

• Kraken, the digital currency exchange platform used by Fidor Bank, raises $5 million.

• ZipZap pauses UK cash-to-bitcoin transfers through its platform.

• Boku partners with sunhill technologies to enable direct global carrier billing for sunhill’s services.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– February 24, 2014

• NICE Systems named to Fast Company’s 50 most innovative companies list.

• American Banker takes a look at BBVA’s acquisition of Simple.

• MasterCard brings in-app payments to MasterPass; acquires m-wallet startup, C-Sam.

• CNBC Finance hosts Kasasa CEO Gabe Krajicek to discuss the drive to local banks and credit unions.

• Arxan Technologies partners with IBM to protect mobile apps against attacks.

• HelloWallet launches Insights app to help HelloWallet users better understand their financial habits.

• InterAksyon features TransferWise in column about transferring money overseas.

• Realty Mogul’s real estate portfolio surpasses $85 million mark.

• ExactCPA Tax Solutions introduces its app of the week: Kashoo Accounting.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– December 16, 2013

• MoneyDesktop to power Kasasa 360 Financial Management Platform.

• SF Gate reports: SecondMarket allows IRA investment in Bitcoin.

• Crowdfund Investor features SocietyOne’s P2P Lending platform.

• Digital Journal promotes Personal Capital and FutureAdvisor.

• Biometric Signature ID profiled in Huffington Post column on identity proofing.

• San Francisco Business Times’ Bay Area BizTalk features Bright Funds.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

MoneyDesktop to Power Kasasa 360 Financial Management Platform

BancVue’s Kasasa 360 Financial Management platform received a bit of a upgrade recently, thanks to a partnership with PFM expert, MoneyDesktop.

By bringing together MoneyDesktop’s expertise in PFM with Kasasa’s national brand of rewards checking and savings, the two hope to drive account acquisition, account retention and increase cross-selling opportunities.

This union of two Finovate Best of Show-winning companies will give Kasasa 360 users the ability to track their finances across different financial institutions in one place and enable them to view their rewards tied to their Kasasa checking and savings accounts.

To get a better idea of the what each company has to offer, check out the live demo videos. Bancvue demonstrated Kasasa at Finovate 2009 and MoneyDesktop last demonstrated at FinovateFall 2013.

Finovate Alumni News– November 21, 2013

• HPC Wire takes a look at the partnership between Toopher and Texas Advanced Computing Center.

• Regulators green light IDology plans for New Jersey expansion.

• Jackson Free Press uses data from Manilla to source column on student loan debt.

• Michigan-based ECCU introduces a responsive designed website powered by Banno.

• MyBankTracker reports: SimpleTuition’s SmarterBank to Shut Down Due to Low Participation.

• International Business times considers how Holvi and TransferWise are revolutionizing banking.

• Tagit powering Maybank P2P m-payment Service in Singapore.

• BancVue’s Kasasa wins Five 2013 MarCom Awards.

• Betterment CEO Joe Stein talks about the online RIA industry with RIA Biz.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– July 30, 2013

• OpenCoin is among the virtual currency innovators looking to form a self-regulatory body for the industry.

• MasterPass from MasterCard launches in the United Kingdom.

• Bank Innovation takes a look at FIS Global’s recent remarks on the company’s technology deal with Sainsbury.

• Yahoo Finance looks at rewards earned using Dynamics ePlate credit card.

• StreetFight features reasons to opt in for card-linked loyalty programs from Cartera Commerce, Cardlytics, edo Interactive and Swipely.

• Netbanker features BillGuard, Manilla, and Credit Karma as value-added apps driving mobile adoption.

• eToro adds price alerts to eToro Trader app.

• Bright Ideas features Noreen Hafez, senior product marketing manager at Akamai.

• Kasasa holds sweepstakes, films big-bank breakup video, featuring CEO Gabe Krajicek.

• Betterment joins fellow Finovate alumni FutureAdvisor and LearnVest in this NYT column on bringing “financial planning to the masses.”

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– October 3, 2012

• Zoo names baby monkey after Kasasa.

• Tradeshift announces interoperability agreement with OFS Portal.

• Balance Financial launches projects.

• VentureBeat profiles BellaDati. Come see BellaDati demo at FinovateAsia.

• Deposit Accounts looks at Kasasa’s checking rewards.

• Monitise teams up with eMerit Solutions to develop mobile payment opportunities for businesses.

• ProfitStars introduces Gladiator Advanced Malware Protection.

• miiCard opens API to First Global Trusted ID as a service platform.

• Lending Club to use Oracle ERP cloud service.

• VentureBeat reports Xero brings its accounting software to Android.

• PYMNTS News reports: Compass Plus helps Quipu achieve 100% service availability.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– August 6, 2012

• Virtual Piggy adds security service for parental consent of website use.

• Cincinnati.com reports how SoMoLend helped a local business receive funding.

• CU Times examines how Northwest FCU is using Digital Mailer’s web-based deposit box solution. Come see Digital Mailer at FinovateFall.

• Barron’s looks at TradeKing’s post-merger plan.

• ZDNet considers Taulia’s innovation.

• Huffington Post examines how BillGuard uses crowdsourcing.

• Fins Technology interviews Dwolla CEO, Ben Milne.

• CU Times reports: Kasasa Bids to Go Nationwide.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– July 31, 2012

• StockTwits integrates with Chart.ly.

• SoMoLend and CircleUp form partnership.

• SecureKey named eastern Canada’s winner of contest hosted by UK Trade & Investment. See its live demo at FinovateFall in September.

• American Banker reports Park State Bank clients now have access to MoneyDesktop’s PFM.

• Kasasa accounts have brought $55 million in interest to over 306k account holders at credit unions and community banks nationwide.

• SecureKey wins one of three inaugural Secure Development Awards from Veracode.

• Mashable reports StockTwits CEO ‘Disappointed’ With Twitter’s Cashtags.

• Lending Club appoints former Visa & Morgan Stanley Executive, John MacIlwaine as new CTO.

• Small Business Trends reports Xero makes changes to improve cloud-based accounting software.

• Check Point Software launches new appliances for Sri Lanka.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.