Automated Compliance Software Makes Gains
More than 175 credit unions and banks installed automated compliance software from Wolters Kluwer Financial Services in the first quarter of 2012, the company said.
The ComplianceOne solution allows users to access the core processing system to document lending and deposit transactions through a user-friendly interface, the Minneapolis company said.
The company said it also hosted more than 100 of its ComplianceOne customers at regional training and feedback events and is planning its first large-scale user group meeting Oct. 29-31 in Dallas.
“Our Voice of the Customer program has been instrumental in allowing our ComplianceOne users to help create and build out features and functionalities that help the solution make compliance quicker and easier for them, even as the regulatory environment continues to grow increasingly complex.” said Lisa Fraga, vice president and general manager of Wolters Kluwer Financial Services’ Origination Compliance business. The company said it now provides its ComplianceOne solution and other documentation and workflow solutions to more than 3,500 financial institutions.