PADUCAH, Ky.--(BUSINESS WIRE)--Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, today announced WatchDOG® Elite Vendor Management as the winner of the Best Consulting/Outsourcing/Training Solution in the seventh annual 2014 BankNews Innovative Solutions Awards. The Innovative Solutions Awards recognize companies that have introduced or significantly enhanced products designed to help community banks become more efficient, expand their capabilities and, ultimately, better serve their customers.
An advanced vendor management solution, WatchDOG Elite Vendor Management improves efficiency and mitigates risk by providing financial institutions with an intuitive technology platform that automates the oversight of vendor relationships. In order to eliminate the challenges traditionally associated with managing third-party providers, the solution offers a range of tools aimed at helping financial institutions identify potential risks associated with new and existing vendors. Through WatchDOG Elite Vendor Management, users can more effectively maintain successful vendor relationships, while ensuring full compliance with regulatory expectations.
“Today’s financial institutions continue to rely on third-party vendors to handle various aspects of their operations, so banks must have a well-rounded vendor risk management strategy in place in order to adequately protect themselves and the customers they serve,” said Paul Koziarz, president and general manager of CSI Regulatory Compliance. “Being recognized by BankNews’ readers further solidifies our position as a leading compliance partner in the financial industry and motivates us to continue striving for solutions that simplify the day-to-day operations of our valued customers.”
Each year, BankNews recognizes one winner in each of the award’s four categories, which include Best Equipment Solution, Best Management Software Solution, Best Consulting/Training/Outsourcing Solution and Best eBanking Solution. Based on more than 900 votes cast by readers on BankNews.com, the four winners were selected and are featured in the November print issue of BankNews.
“Now more than ever, community banks require affordable technology for multiple tasks, from monitoring compliance to efficiently serving a diverse customer base,” said Bill Poquette, editor-in-chief of BankNews magazine. “Through our annual Innovative Solutions Awards, BankNews Media relies on the votes of hundreds of bank users of these products to identify the best of the best. Congratulations to CSI for meeting the ultimate field test with WatchDOG Elite Vendor Management.”
In addition to winning Best Consulting/Outsourcing/Training Solution, CSI Secure Connect received an honorable mention in the Managing/Outsourcing/Processing Solution category. A robust platform, CSI Secure Connect is a secure portal solution that can serve as a board portal, employee intranet or loan committee management portal. CSI also has been recognized the last two years as the Best Management Software Solution for its WatchDOG Social Compliance solution in 2013 and as Best eBanking Solution for its Personal Financial Management (PFM) service in 2012.
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core processing, managed services, mobile and Internet solutions, payments processing, print and electronic distribution, and regulatory compliance solutions to financial institutions and corporate customers across the nation. Exceptional service, dynamic solutions and superior results are the foundation of CSI’s reputation and have resulted in the company’s inclusion in such top industry-wide rankings as the FinTech 100, Talkin’ Cloud 100 and MSPmentor Top 501 Global Managed Service Providers List. CSI’s stock is traded on OTCQX under the symbol CSVI. For more information about CSI, visit www.csiweb.com.
About BankNews Media
Based in Shawnee Mission, Kan., BankNews Media is dedicated to serving the needs of community bankers through a wide range of online and print products and services. Its flagship publication, BankNews, is the leading publication for community banks throughout the United States. The company’s Contract Publishing Division offers a range of services to state banking associations, from editorial and advertising sales, to design, printing and mailing. In addition, BankNews Media has been one of the nation’s most respected publishers of bank directories for more than 50 years. For more information, visit www.banknews.com. Follow BankNews on Twitter: @BankNews_Media.