Wolters Kluwer Financial Services Introduces Compliance Management Services
2008-10-22 23:21:00 -
www.WoltersKluwerFS.com - Wolters Kluwer Financial Services Jennifer Marso, 612-852-7912 Director of Corporate Communications Jennifer.marso@wolterskluwer.com or Charles Miller, 320-240-5457 Senior Public Relations Specialist Charles.miller@wolterskluwer.com Wolters Kluwer Financial Services announced today it is offering financial institutions a comprehensive new line of Compliance Management Services to help them more efficiently manage compliance and operational risks, while continuing to grow their major business lines.
As the bank regulatory environment continues to grow increasingly complex, many financial institutions are finding they have neither the time nor sufficient in-house resources to stay on top of the latest requirements and guidelines. Compliance Management Services includes and is built upon Wolters Kluwer Financial Services' professional risk management services tied to its Bankers Systems, PCi and VMP Mortgage Solutions brands, all of which have a strong track record in the financial services industry. Adding to these, the company is introducing several new services, each of which can help financial institutions tackle some of their most pressing risk management issues. The expanded offering includes:
-- Government Lending Services that can help institutions quickly enter Federal Housing Administration (FHA) and Veterans Administration (VA) loan markets with license support, provide them with warranted compliance documents and effectively train their staff;
-- Reverse mortgage lending services that assist institutions in obtaining the required licensure and training for their staff on the unique characteristics of this type of lending;
-- Mergers and acquisition services that can help institutions perform due diligence on the acquired institution's compliance program, to better understand the impact of documents, compliance processes, compliance risk management and compliance integration strategies;
-- Compliance program process and procedure reviews and related transactional testing services that address federal laws, including those associated with consumer compliance such as the Home Mortgage Disclosure and Community Reinvestment Acts and financial crimes such as the Bank Secrecy Act and the Fair and Accurate Credit Transactions Act's new Red Flag Rules.
Wolters Kluwer Financial Services' Compliance Management Services provides financial institutions with direct access to the company's subject matter experts, which include former regulators and bankers, attorneys and compliance analysts.
The company's experts can be deployed on-site at institutions to help them build and strengthen their risk management programs, educate their employees and show them how to utilize technology to help make compliance easier and more cost-effective.
Compliance Management Services provides direct access to Wolters Kluwer Financial Services' industry expertise for education, regulatory consulting, process optimization and outsourcing. It uniquely helps financial institutions more efficiently and effectively roll out and manage their compliance programs across their lines of business.
"No other provider in the financial services marketplace has more in-house compliance experts or the level of regulatory expertise than Wolters Kluwer Financial Services," said Brian Longe, president and chief executive officer of Wolters Kluwer Financial Services. "Our consultants, attorneys and analysts live and breathe financial services compliance, and unlike most other firms, our experts won't just identify problems, they'll actually help an institution solve them."
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, VMP(R) Mortgage Solutions, PCi, GulfPak, Desert Document Services(R), AppOne(R), GainsKeeper(R), Capital Changes, NILS and AuthenticWeb(TM).
Wolters Kluwer Financial Services' solutions include integrated and stand-alone compliance and workflow 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 globally for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2007) of EUR 3.4 billion ($4.8 billion), maintains operations in over 33 countries across Europe, North America, and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Visit www.WoltersKluwer.com for information about our market positions, customers, brands and organization.
Comprehensive Line of Compliance Services Allows Financial
Institutions to More Efficiently Manage Risk While Continuing to Grow
Major Business Lines
