The dynamic reporting tool can provide financial institutions with a complete and consolidated view of their Community Reinvestment Act (CRA) and fair lending data.
As a result, an institution’s front-line compliance professionals, along with its C-Level executives, can quickly analyze performance against goals and benchmarks they’ve established to comply with CRA and fair lending requirements.
Wolters Kluwer Financial Services director of Consumer Compliance Heather Czermak said the Wiz Compliance Dashboards solution provides an institution’s compliance professionals as well as its senior leaders with a holistic and transparent view and analysis of all CRA and fair lending data. This is the first and most important step in making sure all requirements are being met.
Wolters Kluwer Financial Services’ Wiz Compliance Dashboards solution provides compliance professionals and executives with enterprise-wide access to real-time regulatory analysis of their institution’s CRA and fair lending data.
It does so by connecting to Wolters Kluwer Financial Services’ CRA Wiz and Fair Lending Wiz compliance analytics solutions through a secure, web-based interface.
Utilizing Wiz Compliance Dashboards, users can configure their view of CRA and fair lending data against standard or institution-specific compliance goals, visualize and monitor Key Performance Indicators (KPIs) as well as Key Risk Indicators (KRIs), and drill into the underlying data for deeper analysis, said the company.
