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ICBA Extends Preferred Service Provider Relationship with Wolters Kluwer Financial Services

New Offerings Help Community Banks Continue to Serve Local Small Business Customers

Washington, D.C. (Oct. 5, 2011)—The Independent Community Bankers of America (ICBA) and Wolters Kluwer Financial Services have renewed their Preferred Service Provider (PSP) relationship for the seventh consecutive year since the alliance was formed in 2004. The renewal expands the relationship to help ICBA member community banks to continue to take advantage of growing indirect and Small Business Administration (SBA) lending opportunities.

“ICBA is pleased to once again renew and strengthen our Preferred Service Provider Relationship with Wolters Kluwer Financial Services,” said Dan Clancy, executive vice president, ICBA Services. “Wolters Kluwer Financial Services is an industry leader that’s well equipped with the right solutions, services and expertise to help community banks tackle today’s rapidly-evolving and increasingly-complex regulatory challenges.”

As part of the renewed PSP agreement, Wolters Kluwer Financial Services will now provide ICBA community bank members with access to:

  • Bankers Systems Retail Installment Contracts – A complete selection of forms and documents that support the financing of motor vehicles, goods and services, home improvements and manufactured homes;

  • CompliSource – A comprehensive federal and state compliance research tool that provides information and compliance alerts for first and second mortgages; home equity loans; direct and indirect motor vehicle, watercraft and consumer goods loans; student loans; debt collector licensing; and unsecured lending; and

  • TSoftPlus™ – A browser-based lending platform that helps banks quickly and easily meet all SBA lending program guidelines and requirements.

“We’ve listened closely to the needs of community banks for more than 60 years,” said Lisa Fraga, vice president and general manager, Banking for Wolters Kluwer Financial Services. “Doing so has allowed us to provide them with the tools they need to not only comply with regulations, but operate more efficiently, enhance their customers’ experience, and improve their ability to capitalize on growing business opportunities.”

Wolters Kluwer Financial Services provides ICBA member banks with access to a broad array of other regulatory compliance solutions as well. These include the company’s warranted compliance documents and ComplianceOne, a single, integrated documentation solution that makes managing compliance with loan and deposit account transactions faster and more efficient. The relationship also includes Wolters Kluwer Financial Services’ Residential Lending solutions.

For more information about these offerings, please contact your local Wolters Kluwer Financial Services account representative or call 1-800-552-9410.

About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services is a comprehensive regulatory compliance and risk management business that helps financial organizations manage operational, compliance and financial risk and reporting, and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include: FRSGlobal, ARC Logics for Financial Services, PCi, Compliance Resource Network, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services supports its global customers with more than 30 offices in 20 countries and is a leading worldwide provider of compliance and risk management solutions for the financial services industry, serving more than 15,000 banking, insurance and securities customers across the globe. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2010) €3.6 billion ($4.7 billion) and approximately 19,000 employees worldwide. Please visit our website for more information.