Company adds several features to help banks & credit unions address changing compliance and business requirements
Wolters Kluwer Financial Services announced today the latest release of ComplianceOne®, the company’s integrated documentation and workflow solution that makes managing compliance with loan and deposit account transactions more efficient.
The newest version of ComplianceOne offers banks and credit unions an improved document template design, while also expanding the number and type of transactions supported. The newly-designed template allows financial institutions to establish default information fields for common transactions that help reduce the potential for data entry error.
In addition, ComplianceOne now allows banks and credit unions to document two-phase loan transactions such as construction-to-permanent loans, and also finance escrow payments using the solution.
“We’re listening closely to the needs of our ComplianceOne customers and enhancing the solution to meet their evolving compliance and business requirements,” said Lisa Fraga, vice president and general manager, Banking, Wolters Kluwer Financial Services. “They can rest assured we’ll continue to do so in 2011, a year that promises to be full of regulatory change and risk management challenges.”
Built upon the trusted compliance knowledge and experience behind Wolters Kluwer Financial Services’ Bankers Systems brand, ComplianceOne connects the major areas of a financial institution’s business to its core processor through one, easy-to-manage user interface. These areas include deposit, consumer, commercial and mortgage lending, Individual Retirement Accounts (IRAs) and administration. And the solution offers institutions integrated access to many of Wolters Kluwer Financial Services’ Wiz compliance analytics tools.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services is a comprehensive regulatory compliance and risk management business that helps financial organizations manage operational, compliance and financial risk and reporting, and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include: FRSGlobal, ARC Logics for Financial Services, PCi, Compliance Resource Network, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™.
Wolters Kluwer Financial Services supports its global customers with offices in more than 20 countries and is the world’s largest compliance and risk management business focused on financial services, with more than 15,000 banking, insurance and securities customers across the globe.