Money from around the world pours into Harvard University, and into the accounts of members of Harvard University Employees Credit Union.
Ensuring that what moves in and out follows U.S. rules and regulations falls under Craig Leonard's jurisdiction. The executive vice president and chief financial officer of the 30,000-member, $365 million credit union in Cambridge, Mass. is now using automation to help keep up.
For the past two years, Harvard University Employees CU has been a user of the AML Manager solution from Fiserv Inc., which is also the provider of the credit union's Spectrum core processing system. The AML Manager operates as an anti-money laundering solution and also checks for other forms of potential fraud as it runs tests against transaction data, according to Leonard.
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