Understanding how uniquely financial institutions do business. 

 

Founded in 1998 by company president and owner, Bill Ristvedt, CFC Technology Corporation began with the mission of helping financial institutions align their technology investments with their business strategies during a time when they were becoming more dependent on technology-based customer services. Effective implementation of technology translated into awarding financial institution customers with a distinct competitive edge in their markets.  

 

Guidance and solutions from CFC Technology enabled customers to increase efficiencies, improve profitability and benefit fully from emerging opportunities, like those eventually created by the Check Clearing for the 21st Century Act (Check 21). 

 

In 2002, Richard Wanke, COO and co-owner, merged his network services firm with Ristvedt’s organization to form one comprehensive organization capable of providing solutions, services and networks to financial institutions.  

 

Soon thereafter, the Advisory Services Group was formed to offer institutions outsourced guidance to help fulfill Business Continuity Planning duties and respond to regulatory compliances and audit requirements that institutions face. 

 

The CFC Technology business model attracted world-class technology product providers, with whom the company has established long-term relationships and partnerships. 

 

Today, the company has more than 850 financial institutions customers nationwide. It is one of the leading independent providers of check imaging, branch capture, Remote Deposit Capture, and documents imaging, utilizing the flexible and scalable RapidCapture™  Solutions. 

 

The SafetyVAULT®  Solution, featuring automatic data recovery and  local and offsite archiving, was launched in October 2006, and has been adopted by many institutions as an alternative to unreliable tapes and other media backup systems.