The new separate tool can be effortlessly used with its ComplianceOne platform, which is being used by 1,600 banks and credit unions as their loan and deposit origination technology, claims the firm.
Designed to provide better insight and improved control over their lending businesses, ComplianceOne manager’s business process management capabilities enables financial institutions’ executives and senior managers to supervise loan portfolios in real-time, while overseeing process, performance issues and operational risks.
The facility enables firm to initiate the relevant actions before the problem arises, while ensuring that organization policies and procedures are followed.
Wolters Kluwer banking solutions vice president and general manager Lisa Fraga said, "We created ComplianceOne manager as a flexible, scalable solution that can help them take advantage of that opportunity in ways that make sense for their own specific lending businesses."
Using its SaaS-based approach, the firms can combine and report on their lending transactions across their enterprise, which enables lending officers, processors and underwriters have fast, universal access to all of the information to collaborate easily on loan transactions.
Serving more than 15,000 customers worldwide, Wolters Kluwer provides risk management, compliance, finance and audit technologies that assist financial organizations improve efficiency and effectiveness across their enterprise.
