Company Keeps Building out Solution to Help Address U.S. Bank and Credit Union’s Evolving Compliance and Business Needs
Wolters Kluwer Financial Services announced today the latest release of its ComplianceOne® solution, which more than 1,500 U.S. banks and credit unions utilize to help document lending and deposit transactions quickly, accurately and in compliance with federal and state regulations. Wolters Kluwer Financial Services has made more than 100 enhancements and updates to ComplianceOne’s functionalities and documents as part of this latest version of the solution.
Key new functionalities included in the release include:
- the ability to document and support Federal Housing Administration (FHA) lending transactions;
- additional loan application workflow tools that make mortgage lending more efficient;
- support of escrow accounts on two-phase lending transactions;
- automation of notary acknowledgement; and
- additional rate negotiation options for deposit accounts.
“We continue to make substantial enhancements to our ComplianceOne solution to help address our customers’ evolving compliance and business requirements,” said Lisa Fraga, vice president and general manager for Wolters Kluwer Financial Services’ Origination & Compliance business. “They can rest assured that ComplianceOne will help them stay a step ahead of the latest regulatory and business changes.”
Fraga added that ComplianceOne’s voice of the customer gathered through ComplianceOne user groups and onsite customer visits have been instrumental in building features and functionalities that help make compliance quicker and easier for them, even as the regulatory environment continues to grow increasingly-complex. And she noted that Wolters Kluwer Financial Services will conduct its first large-scale User Summit for ComplianceOne and ARTA Lending Documentation System customers from Oct. 29-31 in Dallas.
ComplianceOne allows banks and credit unions to document their lending and deposit transactions while also connecting the major areas of their business to their core processor through one easy-to-manage user interface. The solution is built upon the trusted compliance knowledge and experience behind Wolters Kluwer Financial Services’ Bankers Systems brand. And it offers them integrated access to many of Wolters Kluwer Financial Services’ Wiz compliance analytics tools.