ICBA and Wolters Kluwer Financial Services Partner to Offer Community Banks ‘One’
Honolulu (March 5, 2007)—The Independent Community Bankers of America (ICBA) announced an expanded Preferred Service Provider relationship with Wolters Kluwer Financial Services which will offer ICBA member community banks the comprehensive ComplianceOne™ solution. ICBA made the announcement at the 2007 ICBA National Convention and Techworld in Honolulu.
A comprehensive solution that is capable of pulling together all aspects of a financial organization’s major business lines, ComplianceOne gives community banks the tools they need to create complete loan, mortgage, deposit or IRA packages. ComplianceOne’s enterprise-wide access to customer information allows community banks to open new accounts and complete transactions more quickly through a common database structure.
“One of the biggest challenges facing community bankers today is how to address all of their key business initiatives with disparate processes and systems within their organizations,” said Dan Clancy, ICBA senior vice president of services. “By offering ComplianceOne, ICBA is helping our community bank members address that problem by changing the way they integrate compliance, documentation and data across their business.”
“ComplianceOne gives community banks the best of both worlds by automating their compliance and operational risk management processes through a single solution,” said Brian Longe, president and chief executive officer for Wolters Kluwer Financial Services. “By joining an extremely easy-to-learn and use front-end interface with the most comprehensive compliance capabilities available in the industry, we’re offering community banks a best-of-class solution that supports all their major business lines.”
ComplianceOne’s user interface supports a quick return on investment for financial organizations because staff can become competent on the system in a short amount of time. While sporting an easy-to-use interface, the solution leverages the common database structure and robust rules management capabilities found within Wolters Kluwer Financial Services’ Expere solution. Expere draws upon a central content repository to deliver data through a state-of-the art document generation engine. The rules within Expere are based on legislative and regulatory requirements for all 51 U.S. jurisdictions, an organization’s specific business practices and policies, and Wolters Kluwer Financial Services’ Bankers Systems’ product line.
ComplianceOne is a highly configurable solution that provides a financial organization with access to a wide range of lending and deposit-related functionalities, letting them choose and activate which ones they need when they need them. Some of the more in-demand functionalities include dynamic documents, imaging, e-signatures, bar-coding and credit bureau access.
By leveraging Wolters Kluwer Financial Services’ PCi Wiz family of products and services, ComplianceOne also helps a loan or deposit transaction meet all regulatory obligations associated with the Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), fair and predatory lending requirements and Bank Secrecy Act (BSA) and anti-money laundering requirements, including USA PATRIOT Act and Customer Identification Program requirements. Also integrated into ComplianceOne, PCi settlement solutions offer flood determinations, AVMs, tax and title searches and other critical loan closing services.
For more information on ComplianceOne, please visit www.WoltersKluwerFS.com/one.
About ICBA
The Independent Community Bankers of America, the nation’s voice for community banks, represents the largest constituency of community banks of all sizes and charter types in the nation, and is dedicated exclusively to representing the interests of the community banking industry.
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, ComplianceOne™, VMP® Mortgage Solutions, PCi, GulfPak, GainsKeeper®, CCH® Capital Changes, NILS INSource®, AuthenticWeb™ and CCH Wall Street.
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.
Contact:
Jennifer Marso
Director of Corporate Communications
612.852.7912
jennifer.marso@wolterskluwer.com
Charles Miller
Senior Public Relations Specialist
320.240.5457
charles.miller@wolterskluwer.com