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Banking Fact Sheet
Innovative Compliance Solutions for the Banking Industry From pre-printed documents to stand-alone software solutions to fully-integrated technology platforms, Wolters Kluwer Financial Services provides the banking industry with comprehensive regulatory compliance and work flow solutions for lending, mortgage, deposit and individual retirement accounts (IRAs). Our industry-leading solutions can also help address the complex compliance requirements related to the Bank Secrecy Act, including USA PATRIOT Act and AML requirements. Wolters Kluwer Financial Services’ banking solutions focus on addressing the needs of:
- community banks
- regional and national banks
- credit unions
- mortgage lenders
- automobile lenders and dealers
Leading brands include:
- Bankers Systems—The Bankers Systems brand offers proven compliance and work flow solutions for deposit, lending and IRA operations. These include stand-alone software and Internet applications, and extensive library of paper and electronic documents, integrated solutions, business rules, authoring tools, analytics, ongoing training and 24/7 compliance product and support.
- More than 12,000 financial organisations use a Bankers Systems solution, including more than 90 percent of banks with assets above $10 billion and one third of all credit unions.
- Nearly 6,000 organisations use Bankers Systems software at more than 14,000 locations.
- More than 75 core processors, software developers, and systems integrators embed Bankers Systems compliance documents within their technology solutions, including the top five core processors.
- ComplianceOne™—ComplianceOne is a comprehensive solution capable of integrating and uniting all of a bank’s major business lines, giving the bank all the tools needed from a compliance, work flow and data perspective to create a complete loan, mortgage, deposit or IRA package. ComplianceOne combines an extremely easy-to-learn and use front end interface with the most comprehensive compliance capabilities inside that are built upon the more than 50 years of experience and knowledge behind Wolters Kluwer Financial Services’ Bankers Systems product line.
- Desert Document Services—Desert Document Services delivers compliant document preparation for mortgage disclosures and closing packages. This includes compliance content, rules and loan product content management solutions—all designed to help reduce risk, decrease costs and improve efficiencies. Incorporating in-depth mortgage domain knowledge, these solutions address the complex industry-specific problems associated with managing, organising and deploying mortgage loan products.
- Expere®—The Expere family of products offers integrated banking solutions that help bring together all documentation systems to create single solution that produces reliable compliance documents across all delivery channels. Expere’s trusted compliance content is supported by a complete spectrum of professional services—including planning, analysis and consulting.
- PCi—The PCi family of solutions addresses an array of compliance challenges, such as requirements related to AML, anti-predatory lending, CIP, CRA, HOEPA, HMDA, fair lending, flood determination, OFAC and more. These solutions leverage a financial organisation’s existing processes and current investments, using software, services, outsourcing—or a combination of all three—to help minimise compliance risks and associated costs. They allow users to spend more time understanding changing regulations and performing important analyses and less time managing data and maintaining manual processes to ensure compliance.
- PCi solutions are used by 96 of the top 100 U.S. lenders.
- 19 of the largest 25 banks in the U.S. use an AML solution from PCi.
- Outside compliance reviewers, auditors, and regulators also rely on PCi solutions.
- VMP® Mortgage Solutions—One of the most trusted and recognised brands used by mortgage lenders of all sizes, the VMP Mortgage Solutions offer market-leading forms automation technology, regulatory compliance support and services, Internet solutions and documents of the mortgage lending market. The products are available through a number of leading Loan Origination System providers.
- VMP Mortgage Solutions are used by approximately 70 percent of top U.S. mortgage originators.
- VMP Mortgage Solutions forms are used in approximately two-thirds of all U.S. mortgage lending.
