Wolters Kluwer said that the ComplianceOne is a single, integrated documentation solution designed to help financial institutions more effectively manage compliance for loan and deposit account transactions.
The solution connects the key areas of bank’s business to its core processor through single user interface such as deposit, consumer, commercial and mortgage lending, Individual Retirement Accounts (IRAs) and administration.
The ComplianceOne solution also offers financial institutions integrated access to many of Wolters Kluwer Financial Services’ Wiz compliance analytics tools.
CSB Bank manager of the loan processing department Melissa Hopkins said that ComplianceOne has helped CSB Bank unite its commercial and mortgage loan processing operations on one platform and increase efficiency throughout the department.
Hopkins said the solution’s ability to help her staff locate and retrieve the forms needed for each type of transaction helps eliminate unnecessary paperwork and its user-friendly interface helps simplify compliance-related tasks.
The bank had been using Wolters Kluwer Financial Services’ ARTA Lending and another provider’s loan documentation solution for its two business lines.
