WASILLA, Alaska–As part of the CU Daily’s ongoing coverage of new product offerings, solutions, and vendor choices being made by credit unions, here is the first in a two-part series this week offering a synopsis of the latest developments.
VeriVin Launches Real-Time Lien Monitoring Tool for Lenders
SCOTTSDALE, Ariz. — Asset protection firm VeriVin has introduced its new Lien Confirmation and Monitoring platform, a real-time verification tool it said is aimed at helping financial institutions, lenders, and recovery agencies reduce the risk of lien losses and improve field operations.
The platform offers instant lien and title confirmation across all 50 states, continuous lien tracking, and automated alerts for discrepancies.
CEO Garry Jackson said the system addresses growing industry concerns about wrongful repossessions and compliance risk. “Lien losses don’t just cost money—they create compliance issues and put agents at risk in the field,” he said.
The platform integrates into existing recovery systems and is designed to improve repossession agent safety by validating ownership data before any field action. COO Stacey Bailey added that the launch aligns with VeriVin’s broader mission to protect assets and reputations.
VeriVin said it is also working with state and federal agencies to advocate for lender alerts prior to title transfers, aiming to curb fraud and title washing schemes.
Nook Unveils Core System Integration for HubSpot in Credit Union Sector
WAYZATA, Minn. — Nook, a CUSO and Gold Tier HubSpot Solutions Partner, has announced a new integration connecting credit union core systems with HubSpot’s CRM, which it said “unlocks automation and AI features for credit unions previously limited by data silos.”
“This integration removes one of the biggest barriers to modern CRM adoption in the credit union space,” said Nook CEO Austin Wentzlaff in a statement.
The company said the proprietary connector developed by Nook allows real-time syncing of core system data into HubSpot, enabling behavior-based member engagement and personalized service workflows.
Industry veteran and Nook Co-Founder Paul Ablack noted the potential to replicate the impact he saw with OnApproach, which helped nearly 100 credit unions improve data analytics before it was acquired by Trellance.
Nook also announced partnerships with analytics firms like Lodestar to extend HubSpot’s reach into institutions already leveraging data platforms.
Finastra Customers Fully Transition to ISO 20022 Ahead of Deadline
LAKE MARY, Fla. — Finastra said all its payments customers completed the migration to ISO 20022 messaging for Fedwire transactions by deadline, positioning its clients to deliver “richer data and improved payment experiences.”
Finastra said it processes 25% of all Fedwire volume and supports over $7 trillion in global daily transactions. The firm was among the first to receive ISO 20022 certification for Fedwire.
“This milestone reflects our commitment to innovation, compliance, and client success,” said Barry Rodrigues, EVP of Payments at Finastra. James Belliveau of Berkshire Bank called Finastra a “strategic partner” that delivered “real, tangible value.”
Apiture Adds Real-Time Payments to Digital Banking Platform
WILMINGTON, N.C. — Apiture said it has rolled out real-time payment capabilities for its community bank and credit union clients via The Clearing House’s RTP network and the Federal Reserve’s FedNow Service.
The new service allows 24/7 instant payments and builds upon Apiture’s suite of faster payment tools, including ACH, P2P, and international transfers, the company said.
“With real-time payments, we’re helping our clients offer the seamless experiences today’s consumers and businesses demand,” said COO Chris Cox.
A U.S. Bank study cited by Apiture predicts real-time payments adoption will reach 80% of American businesses by 2026.
Salient Raises $60M to Scale AI-Powered Loan Servicing Platform
SAN FRANCISCO — Fintech startup Salient has secured $60 million in funding from Andreessen Horowitz, Matrix Partners, and others to expand its AI-driven loan servicing platform.
Salient’s tools include an AI agent for customer communication, compliance monitoring, and a servicing automation engine. Since its 2023 launch, Salient has processed over $1 billion in transactions and is working with major lenders like Westlake Financial and American Credit Acceptance.
CEO Ari Malik said the platform reduces costs, boosts recovery rates, and improves regulatory oversight. Westlake’s Ian Anderson credited the AI with delivering $12 million in annual savings while reducing customer friction.
Salient plans to extend its platform into complex loan servicing tasks, including credit dispute resolution and title automation.
Lafayette Federal CU Taps Lenders Cooperative
ARLINGTON, Va. — Lafayette Federal Credit Union has selected Lenders Cooperative to overhaul its commercial lending operations and expand its SBA loan offerings.
The partnership includes both the adoption of Lenders Cooperative’s end-to-end lending platform and engagement of its SBA Loan Service Provider team. The goal is to streamline workflows, improve compliance, and enhance support for small business members.
“This partnership gives us the tools and expertise to scale while improving service,” Stacey Westbrook, Lafayette’s commercial lending VP, said in a statement.
Lenders Cooperative President Christopher McClinton said the collaboration will help expand access to capital in the communities Lafayette serves.
CUTEK Guides Six Credit Unions in Digital Banking Vendor Selection
SAN ANTONIO — Technology consulting firm CUTEK has completed a major vendor selection engagement for six credit unions under the AFS CUSO umbrella, helping them select a digital banking platform and conduct a joint financial analysis.
The initiative involved a rigorous evaluation process, ROI modeling, and alignment across diverse stakeholders.
“This was both analytical and collaborative,” said Adele Glenn, VP at CUTEK. “Our recommendations balanced innovation, scalability, and financial impact.”
AFS CEO Mike Tindall credited CUTEK with helping navigate a complex vendor landscape and aligning all six institutions around a unified strategy.
Triangle CU Partners with Arkatechture for Data Transformation
PORTLAND, Ore. — Triangle Credit Union has partnered with Arkatechture to overhaul its data infrastructure and improve member insights through a modern analytics platform, the organizations said.
According to the company, the new system replaces Triangle’s legacy environment and provides tools for real-time analytics, AI-powered decision-making, and data governance.
“We’re moving toward a flexible, scalable solution that empowers every business unit,” Jose Rivera Hernandez, Triangle’s SVP of IT, said in a statement. “Arkatechture’s platform is built for credit unions and positions us for long-term growth.”
The platform will help Triangle reduce manual reporting, centralize data, and personalize member experiences, the company said.
USC Opens Second Collections Center in Lake Mary, Fla.
TALLAHASSEE, Fla. — United Solutions Company (USC) has opened a new 7,000-square-foot collections operations center in Lake Mary, Fla., to accommodate what it said is growing demand.
The expansion was made possible through a partnership with Addition Financial, which offered space in its headquarters. The site launched June 3 and currently employs 18 staff members, with room for future growth, the company said.
“This move sets us up for expansion across multiple departments,” said Tony Neff, USC’s VP of Collections.
Alicia Smalls, a credit union veteran, was appointed to lead the new office.
