FOR IMMEDIATE RELEASE
ICBA and Wolters Kluwer Financial Services Partner to Offer Community Banks ‘One’
Honolulu (March 5, 2007)—The Independent Community Bankers of America (ICBA) announced an expanded Preferred Service Provider relationship with Wolters Kluwer Financial Services which will offer ICBA member community banks the comprehensive ComplianceOne™ solution. ICBA made the announcement at the 2007 ICBA National Convention and Techworld in Honolulu.
A comprehensive solution that is capable of pulling together all aspects of a financial organization's major business lines, ComplianceOne gives community banks the tools they need to create complete loan, mortgage, deposit or IRA packages. ComplianceOne's enterprise-wide access to customer information allows community banks to open new accounts and complete transactions more quickly through a common database structure.
"One of the biggest challenges facing community bankers today is how to address all of their key business initiatives with disparate processes and systems within their organizations," said Dan Clancy, ICBA senior vice president of services. "By offering ComplianceOne, ICBA is helping our community bank members address that problem by changing the way they integrate compliance, documentation and data across their business."
"ComplianceOne gives community banks the best of both worlds by automating their compliance and operational risk management processes through a single solution," said Brian Longe, president and chief executive officer for Wolters Kluwer Financial Services. "By joining an extremely easy-to-learn and use front-end interface with the most comprehensive compliance capabilities available in the industry, we're offering community banks a best-of-class solution that supports all their major business lines."
ComplianceOne is a highly configurable solution that gives a financial organization access to a wide range of functions, letting them choose and activate which ones they need when they need them. Among the in-demand functions are: dynamic documents, imaging, e-signatures, bar-coding and credit bureau access. In addition, ComplianceOne helps ensure a loan or deposit transaction meets all regulatory obligations.
By leveraging Wolters Kluwer Financial Services' PCi Wiz family of products, ComplianceOne helps ensure a loan or deposit transaction meets all regulatory obligations associated with the Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), fair and predatory lending requirements and Bank Secrecy Act (BSA) and anti-money laundering requirements, including USA PATRIOT Act and Customer Identification Program requirements.
For more information on ComplianceOne, please visit www.WoltersKluwerFS.com/one.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization's prominent brands include Bankers Systems, ComplianceOne™, VMP® Mortgage Solutions, PCi, GulfPak, GainsKeeper®, CCH® Capital Changes, NILS INSource®, AuthenticWeb™ and CCH Wall Street.
Wolters Kluwer Financial Services' solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2005) of €3.4 billion, employs approximately 18,400 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com.