Canopy Financial Partners With Wolters Kluwer Financial Services to Deliver New HSA...
* Reuters is not responsible for the content in this press release.
Canopy Financial Partners With Wolters Kluwer Financial Services to Deliver New
HSA Management System for Financial Institutions
SAN FRANCISCO and CHICAGO, Jan. 22, 2008 (PRIME NEWSWIRE) -- Canopy Financial, a
leading provider of innovative technology solutions that connect healthcare and
financial services, today announced it has contracted with Wolters Kluwer
Financial Services, a provider of compliance, content and technology solutions
that helps more than 15,000 financial organizations manage risk and improve
efficiency across their enterprise. Through the relationship, Canopy's
HealthDirect Health Savings Account (HSA) technology platform has been
integrated into Wolters Kluwer Financial Services' new HSA Director(tm), an HSA
management system that provides financial institutions and their commercial and
retail clients fast, easy and compliant HSA enrollment and management
capabilities. While HSA Director will be marketed to financial institutions
nationally, the new product will make Canopy's award-winning healthcare banking
platform, which currently services and supports the HSA programs of several
Fortune 500 financial institutions and healthcare companies, available to all
banks and credit unions for the first time.
"As the HSA market continues to accelerate, financial institutions are
increasingly offering these types of accounts to the employer and consumer
clients they service," said Luis Doffo, Senior Vice President, Canopy Financial.
"Our relationship with Wolters Kluwer Financial Services is extremely important
as it helps Canopy dramatically extend its market penetration particularly into
the bank and credit union market through HSA Director, a seamless, leading-edge
healthcare banking product that helps financial institutions meet the HSA needs
of their customers."
"Wolters Kluwer Financial Services is committed to helping financial
institutions take advantage of the rapid growth in HSAs and the Consumer
Directed Healthcare market," said Dave Roy, General Manager, Banking, Wolters
Kluwer Financial Services. "HSA Director integrates our leading HSA compliance
documents and content into Canopy's HealthDirect HSA technology platform and not
only gives financial institutions an opportunity to more efficiently provide
customers with portable Health Savings Accounts, but offers their commercial
clients a complete and comprehensive solution, which is critical when competing
with healthcare-owned financial service providers."
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides best-in-class compliance, content,
and technology solutions and services that help financial organizations manage
risk and improve efficiency and effectiveness across their enterprise. The
organization's prominent brands include Bankers Systems, VMP(r) Mortgage
Solutions, PCi, GulfPak, Desert Document Services, AppOne(r) GainsKeeper(r),
CCH(r) Capital Changes, NILS INSource(r), AuthenticWeb(tm) and CCH Wall
Street(r).
Wolters Kluwer Financial Services' solutions include integrated and stand-alone
compliance and work flow tools, documentation, analytics, authoritative
information and professional services. Customers include banks, credit unions,
mortgage lenders, and securities and insurance organizations of all sizes
throughout the United States. For more information on Wolters Kluwer Financial
Services, visit www.WoltersKluwerFS.com
Wolters Kluwer is a leading global information services and publishing company.
The company provides products and services for professionals in the health, tax,
accounting, corporate, financial services, legal and regulatory sectors. Wolters
Kluwer has annual revenues (2006) of EUR 3.4 billion ($4.3 billion), employs
approximately 18,450 people worldwide, and maintains operations across Europe,
North America and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam,
the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are
included in the AEX and Euronext 100 indices. For more information, visit
www.wolterskluwer.com
About Canopy Financial, Inc.
Canopy Financial provides innovative technology solutions that connect
healthcare and financial services. Serving some of the world's largest
healthcare and financial institutions, Canopy powers the development and
delivery of complete healthcare banking services for both consumers and
businesses. Founded in 2004, Canopy maintains offices in San Francisco and
Chicago. For additional information please visit www.canopyfi.com
-0-
CONTACT: Media:
For Canopy Financial
EGOEAST Inc.
Mark Hall
786-281-7007
markh@egoeast.com
Wolters Kluwer Financial Services
Jennifer Marso, Director of Corporate Communications
612-852-7912
Jennifer.marso@wolterskluwer.com
Chuck Miller, Senior Public Relations Specialist
320-240-5457
Charles.miller@woltersklkuwer.com
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters