Wolters Kluwer Touts Compliance Automation Sign-Ons
Wolters Kluwer Financial Services of Minneapolis said it has installed nearly 400 of its ComplianceOne solution at U.S. banks and credit unions in the first half of 2012.
ComplianceOne provides documentation and workflow solutions to create more efficient ways of managing compliance with loan and deposit account transactions, interfacing with the core processing system through a user interface, the company said.
“Wolters Kluwer Financial Services remains committed to working closely with our ComplianceOne customers to bring them on board at a pace that is convenient for them so they can begin enjoying the solution’s compliance and operational risk management benefits,” said Lisa Fraga, vice president and general manager of the company’s risk, origination and compliance business.
The company said ComplianceOne is now being used in more than 4,000 financial institutions.