According to the Wolters Kluwer, the latest version of ComplianceOne will offer banks and credit unions the ability to dynamically document signature cards, combine documentation for signature cards and certificates of deposit, and delete transactions and party records as necessary.
The solution can also enable financial institutes to perform the calculations necessary and provide the documents needed to support debt cancellation. It adds the party identification information report document to lending, to bring the consistency with deposit.
Wolters Kluwer Financial claimed that its ComplianceOne connects the major areas of a financial institution’s business to its core processor through single user interface. These areas include deposit, consumer, commercial and mortgage lending, Individual Retirement Accounts (IRAs) and administration.
The solution also offers institutions integrated access to many of Wolters Kluwer Financial’ Wiz compliance analytics tools.
