It allows financial institutions to author, select and assemble compliance documentation
Wolters Kluwer Financial Services has announced the availability of deposit compliance content within its Expere Integrated Enterprise technology platform, an application that allows a financial institution to author, select and assemble compliance documentation across all of its product lines and business units.
The company said that Expere Integrated Enterprise (Expere IE) can now help financial institutions document transactions tied to deposit accounts, health savings accounts and individual retirement accounts as well as mortgage, home equity and consumer loans.
The company also said that the patented application assists institutions in creating dynamic and static documents using one central repository of warranted compliance content.
Lisa Fraga, vice president and general manager of banking content at Wolters Kluwer Financial Services, said: Expere IE’s patented, centralised architecture allows financial institutions to maintain a single compliance document library versus multiple ones across their enterprises. That means every time a regulatory compliance change occurs and documents need to be updated, Expere IE will allow the institution to do so much more quickly and cost-effectively.
Wolters Kluwer Financial Services provides compliance; content and technology services that help financial organisations manage risk and improve efficiency and effectiveness across their enterprise. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company.